About This Home

This 12-bedroom, 4-bathroom residential multi family at 1016 Newton Avenue N in Minneapolis, MN is listed for $585,000 ($139 per sqft). Built in 1921, the home offers 4,196 sqft of living space on a 0.12 acres lot.

Key Features

  • Built in 1921
  • 0.12 acre lot

Property Details

4 full
1921
Listing Description

Massive hard to find Cash flowing 4 unit building featuring 12 beds and 4 baths in Near North, perfect for the owner occupier to supplement living expenses or the investor alike with the building's fully occupied rent total potential sitting right around $100,000 annually. All 4 units feature nice newer eat in kitchens with stone countertops, 3 nice sized bedrooms, newer baths, and more. Each unit also has separate furnaces and water heaters, plus there is a large parking area out back for off street parking.

Monthly Cost Estimate

$3,129/mo

20% down · 6.5% · 30 years

Principal$423
Interest$2,535
Insurance$171

Estimates only. Actual payments may vary.

Location

1016 Newton Avenue N

Minneapolis, MN 55411

Oak Park Add

Property Details

Heating

Forced Air

Questions & Answers

This 12-bedroom, 4-bathroom residential multi family at 1016 Newton Avenue N is listed at $585,000 ($139/sqft). The estimated monthly payment is $3,129 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1921, 0.12 acre lot.

This property is listed by Todd And April Ginsberg.

TG

Todd And April Ginsberg

Agent at RE/MAX Results

Listed by RE/MAX Results · Broker phone: (952) 829-2900 · View on Broker Site · Broker website

MLS# 7135334· Source: Northstar MLS· 33 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1016 Newton Avenue N, Minneapolis, MN 55411

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