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$599,000

Sale Pending
4034 Abbott Ave S, Minneapolis, MN 55410
3 Beds
1 Bath
1,200 Square Feet
0.18 Acres Lot
Built in 1921
Sale Pending
Units n/a
Checked: 5 hours ago
Updated: Jun 14, 2025 at 03:18AM

Investment Summary


Monthly Cash Flow
-$1,203
Cap Rate
3.3%
Cash-on-Cash Return
-10.5%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-6.2%

Property Description


0.18 Acres Lot
Built in 1921
Sale Pending
Units n/a

Experience the perfect blend of timeless charm and modern potential in this classic American Foursquare, nestled in the heart of vibrant Linden Hills. With its clean lines, high ceilings, and sun-filled spaces, this home offers a warm, functional layout ideal for everyday living and entertaining. Relax on the inviting front porch, enjoy the seamless flow between the living and dining areas, and retreat upstairs to three comfortable bedrooms and a full bath. The newer, oversized garage easily fits two cars plus your bikes, canoes, and weekend projects. Situated on a rare, flat 58x133 lot on an alley-free block, the property presents incredible possibilities,including a 550 sq ft full basement footprint ready for your dream design. Just blocks from lakes, parks, top-rated schools, shops, and dining, this home delivers the ultimate Linden Hills lifestyle. Don’t miss your chance to live in one of Minneapolis’s most coveted neighborhoods!

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Location


Property Details


Parking

  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full, Unfinished

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Hip

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0802824240067
  • Lot Size: 7840 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 1921

Tax Information

  • Annual Tax: $6,911

Utilities

  • Heating: Forced Air

Location

  • County: Hennepin

Listing Details


Listed by:
Carrie Sink
Coldwell Banker Realty
(612) 298-2809

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6706613
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,203
Cap Rate
3.3%
Cash-on-Cash Return
-10.5%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-6.2%

Purchase Details

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Purchase price:
$599,000
Amount financed:
-$479,200
Down payment:
$119,800
Closing costs:
$17,970
Rehab costs:
$0
Initial cash invested:
$137,770
Square feet:
1,200
Cost per square foot:
$499
Monthly rent per square foot:
$2.67

Financing Details

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Loan amount:
$479,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,835
Property tax:
$576
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,635

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$576-$6,911
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (43%)
43%-$1,376-$16,511

Cash Flow


Monthly Yearly
Net operating income:
$1,632 $19,584
Mortgage payments:
-$2,835 -$34,020
Cash flow:
$1,203 $14,436