Sean O'Brien | CB Realty
    Sean O'Brien
    (651) 390-5432sean.obrien@cbrealty.com
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    • 3900 Northwoods Drive
      Shoreview, MN 55112
      (651) 483-1200

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    Northstar MLS

    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

    $245,900
    For Sale

    1501 Logan Avenue

    Minneapolis, MN 55418
    2144 sqft | 4 beds | 1 bath | #6818220
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    Listing OfficeSavvy Avenue, LLC
    11 photos
    Type:Purchase
    Structure:House
    Zone:Residential

    Description

    Turnkey, fully updated investment property with a strong and stable tenant currently in year two of a 2-year lease running through September 1, 2026. The tenants have successfully completed the first year with consistent payment history, offering built-in reliability and reduced vacancy risk. This 4-bedroom home has undergone major capital improvements throughout, including ALL NEW plumbing, a new HVAC system installed by a licensed contractor, new window A/C units, new appliances, and a professionally completed, city-approved foundation repair. With these updates already taken care of, ongoing maintenance costs remain low for the next owner. The main level features separate living, dining, and family room areas, along with a flexible den/office. The clean semi-finished basement includes epoxy-coated floors and freshly painted walls, creating bright usable space with potential for future finishing. Situated on a deep 41×125 lot, the property offers a spacious yard and a full 2-car garage—features that support long-term tenant satisfaction and retention. Current lease generates $2,325/month, with tenants responsible for electricity, heat, and internet, while the owner pays only trash and water. Strong cash flow combined with extensive updates makes this a solid, low-maintenance addition to any investment portfolio. Tenant-occupied; lease transfers to new owner. Showings require coordination.

    • Property Details
        • Parking FeaturesDetached, Concrete, Garage Door Opener, More Parking Onsite for Fee
        • AppliancesDishwasher, Dryer, Microwave, Range, Refrigerator
        • Property SubtypeSingle Family Residence
        • Lot FeaturesCorner Lot, Many Trees
        • Lot DescriptionCorner Lot, Many Trees
        • Sewer InformationCity Sewer/Connected
        • Utility SourceCity Water/Connected
        • HeatingForced Air, Gravity
        • Basement DescriptionFull, Unfinished
        • RoofAsphalt, Pitched
        • CoolingWindow Unit(s)
        • Cooling FeaturesWindow Unit(s)
        • SubdivisionMurdoughs Add
        • Parcel Number1002924140126
        • School DistrictMinneapolis
        • Property TypePurchase
        • CountyHennepin
        • MLS #6818220
        • MLS #6818220
        • Parking TypeGarage
        • Taxes Annual$2,766
        • Cost245900
        • Square Feet2144
        • Year Built1904
        • Bedrooms4
        • Bathrooms1
        • Full Baths1
        • Parking Spaces2
        • Basement1
        • Basement Finished1

    Location

    Legal

    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

    Last Updated: Today at 12:47 PM. Source: NORTHSTAR

    Provided By
    Listing Agent: Moe Mossa (#NST496503916)
    Listing Office: Savvy Avenue, LLC (#NST6995)

    Sean O'Brien | CB RealtyReal Estate Group
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