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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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2210 Oakland Ave , Minneapolis, MN 55404
$790,000
Est. Payment: $4,081.51/mo
12 Bed
6 Bath
4828 Sqft
Status: Active | Days on site: 59
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253203 - 502049627
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Hatch Brokered by Real, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Hatch Brokered by Real
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House Description

If you're looking to grow your investment portfolio or break into multifamily ownership through house hacking, this 4-unit property is worth a closer look. Located just minutes from downtown Minneapolis, this building offers a strong unit mix with two 3-bedroom units, one 2-bedroom unit, and one spacious 4-bedroom, 2-bath unit. The property is currently generating $108,000 in annual rental income with the following rents: Unit 1: 2 bed, 1 bath - $1,900/month ($22,800/year) Unit 2: 3 bed, 1 bath - $1,900/month ($22,800/year) Unit 3: 3 bed, 2 bath - $2,500/month ($30,000/year) Unit 4: 4 bed, 2 bath - $2,700/month ($32,400/year) All four units are currently occupied with tenants participating in the Housing Choice Voucher (Section 8) program. The 4-bedroom unit is expected to become available, creating an excellent opportunity for an owner-occupant to house hack while the other three units help offset the mortgage, or for an investor to lease it at market rent. The two upper units feature two-level floor plans with two bathrooms and updated kitchens. Each unit has its own furnace and dedicated water heater, and tenants pay their own gas and electric, helping reduce owner expenses. An oversized 2-car garage and additional off-street parking add even more value. The property is currently self-managed, with operating expenses available upon request. For qualified buyers, the sellers are also open to a Contract for Deed through their preferred lender with a minimum 20% down payment, subject to lender approval and mutually agreeable terms. Whether you're adding another cash-flowing property to your portfolio or looking for a smart way to live in one unit while the others help pay the mortgage, this is a rare multifamily opportunity in a convenient Minneapolis location.
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Highlights

Listed by Jordan Eatherton , 612-836-3415 Pemberton RE , 612-260-8777. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Multi-Family
Lot/Acreage
0.17

Year Built

1892

County

Hennepin

 Neighborhood

G N Merriams Add

 School District

Minneapolis

Listing ID

7105774

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:12
  • ▪ Bathrooms:6
  • ▪ Full Bathrooms:6
Above Ground Sq Ft:4828
Below Ground Sq Ft:0
Basement:Partial,Unfinished
Water:City Water/Connected

Exterior Features

Lot:Chain Link,Partial
Lot Dimensions:58x124
Zoning:Residential-Multi-Family
Roof:Asphalt,Pitched
Sewer:City Sewer/Connected
Parking Features:Detached Garage,Asphalt,Parking Lot,Paved Lot
Principal Interest
$4,082
Taxes
$1,186

Home Price

$790,000

Loan Details

30 yrs
6.708%

Down Payment

20%
$158,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,081.51

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,081.51 $1,185.60 $0.00 $5,267.11
Yearly $48,978.13 $14,227.16 $0.00 $63,205.29
Total $1,469,344.02 $426,814.80 $0.00 $1,896,158.82
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Will Provost
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The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-06T06:58:06.000Z

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