1107 57th Ave N Minneapolis, MN 55430
Bellvue NeighborhoodEstimated payment $4,140/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 |
|---|---|---|---|---|
| 12/30/2025 12/30/25 | Price Changed | $629,950 | -1.6% | $185 / Sq Ft |
| 11/26/2025 11/26/25 | Price Changed | $639,950 | -1.5% | $188 / Sq Ft |
| 10/21/2025 10/21/25 | For Sale | $649,900 | -- | $191 / Sq Ft |
Source: NorthstarMLS
MLS Number: 6807486
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