1107 57th Ave N Minneapolis, MN 55430
Bellvue NeighborhoodEstimated payment $3,953/month
Highlights
- Lower Floor Utility Room
- Rear Porch
- Laundry Room
- 4 Car Detached Garage
- Patio
- Forced Air Heating System
About This Home
8 hr notice to show. This property offers an excellent opportunity for a new or growing investor to step into a cash-flowing asset. -Three units occupied w/market-rate tenants and a lease is pending on the fourth. Two units have been updated. -4 furnaces-CenterPoint Energy has quoted approx. $2,500 to separate gas meters, allowing future heat costs to be shifted to tenants, further increasing net income. -E-Z access to I-94, Hwy 100, and I-694, and public transit routes-high rental demand area. Street has an expanded pedestrian path leading to a regional park and the Mississippi River — approx. a 15-minute walk. -Coin-op laundry on third-party contract —new owner can take over machines and capture 100% of income. -Detached garage provides another revenue opportunity if rented separately. Property has been professionally managed and would be suitable for either passive ownership or self-management. **Listing agent holds an ownership interest in the property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,389
Year Built
- Built in 1963
Lot Details
- Lot Dimensions are 102x136
- Partially Fenced Property
- Chain Link Fence
- Few Trees
Parking
- 4 Car Detached Garage
- Garage Door Opener
- Parking Lot
Home Design
- Quadruplex
- Bi-Level Home
- Frame Construction
- Block Exterior
Interior Spaces
- Lower Floor Utility Room
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Outdoor Features
- Patio
- Rear Porch
Utilities
- Forced Air Heating System
- 100 Amp Service
Community Details
- 4 Units
- Coin Laundry
Listing and Financial Details
- The owner pays for gas, heat, hot water, HVAC maintenance, repairs, management, sewer, snow removal, taxes, trash collection, water
- Assessor Parcel Number 0111821320018
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $10,389 | $542,000 | $80,000 | $462,000 |
| 2023 | $9,529 | $542,000 | $80,000 | $462,000 |
| 2022 | $7,264 | $126,000 | $20,000 | $106,000 |
| 2021 | $7,624 | $386,000 | $85,000 | $301,000 |
| 2020 | $7,761 | $344,000 | $85,000 | $259,000 |
| 2019 | $7,446 | $344,000 | $85,000 | $259,000 |
| 2018 | $6,875 | $321,000 | $85,000 | $236,000 |
| 2017 | $6,215 | $283,000 | $85,000 | $198,000 |
| 2016 | $6,080 | $250,000 | $85,000 | $165,000 |
| 2015 | $5,760 | $243,000 | $85,000 | $158,000 |
| 2014 | -- | $223,000 | $85,000 | $138,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/06/2026 03/06/26 | For Sale | $599,900 | -- | $176 / Sq Ft |
Source: NorthstarMLS
MLS Number: 7032582
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.