456 Buchanan Street NE Minneapolis, MN 55413

Four-unit property with Northeast character in a great location of the Beltrami neighborhood. Grocery stores, restaurants, breweries, and the University of Minnesota all in close proximity. All units are currently rented month-to-month with long-term tenants in place. The property includes two 2-bedroom units on the upper floor and two 1-bedroom units on the main level. Unit 1 was originally a neighborhood storefront during the roaring ’20s, adding a colorful chapter of local history to the property.
Additional income opportunities include rent growth, RUBS implementation, monetizing the 5 garage spaces, and pet rent (building is dog-friendly). Large lot with yard adds further tenant appeal.
Unit 1 - 672 sqft (1BR/1BA) – $1,000
Unit 2 - 588 sqft (1BR/1BA) – $950
Unit 3 - 672 sqft (2BR/1BA) – $1,050
Unit 4 - 588 sqft (2BR/1BA) – $1,000
Building Improvements:
Roof: New in 2017
Garage Roof: New 2026
Boiler: New in 2013
Plumbing: PEX, 2013
Water Heaters: Replaced in 2013
Operating Expense Taxes: $9,381 Water + Solid Waste: $4,131 Insurance: $2,481 Gas : $2,769 Electric: $500