M
Seller's Agent in 2025
Melinda Stolts
Homes Plus Realty
(651) 303-1018
1 in this area
82 Total Sales
1537 E 38th St Minneapolis, MN 55407
Bancroft Neighborhood
8
Beds
4
Baths
864
Sq Ft
6,098
Sq Ft Lot
About This Home
As of March 2025Prime Investment Opportunity to Flip or Hold. Some Finishing Needed. This Unique Quadplex Offers a Fantastic Opportunity for Both Investors and Owner-Occupants Alike with One Unit Move-In Ready & A Second Unit at 90% Completion. The Additional Two Units Are a Blank Slate Waiting for Your Finishing Touches. It is Situated on a Double Lot for Ample Off Street Parking or The Space to Build Garages, Boasts New Plumbing, 4 New 75,000 BTU Boilers, 4 New High Capacity Water Heaters, 4 New Pressure Tanks, Updated Water Main Per City Requirement, Updated Electric, 4 Updated Split Meters, New Chimney Liner, Vinyl Windows Throughout (Basement Windows are New) , As An Equity Builder, A Full Un-Finished Basement With 4 Individual Storage Units & Laundry Hook-Ups Available. All Conveniently Located On a Bus Line, Near Parks & The Lakes, Restaurants, Shopping and Easy Access to the Freeway System, This Property is a Must-See!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,306
Year Built
- Built in 1911
Home Design
- Quadruplex
- Flat Roof Shape
Interior Spaces
- 864 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Parking
- Open Parking
- Parking Lot
Utilities
- Boiler Heating System
Community Details
- 4 Units
- Monroe Bros Sub Of Lts Herrick Haml Subdivision
Listing and Financial Details
- Assessor Parcel Number 1102824110068
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/14/2025 03/14/25 | Sold | $445,000 | -3.3% | $515 / Sq Ft |
| 03/14/2025 03/14/25 | Pending | -- | -- | -- |
| 01/29/2025 01/29/25 | Price Changed | $460,000 | -2.1% | $532 / Sq Ft |
| 12/30/2024 12/30/24 | For Sale | $470,000 | -- | $544 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $10,120 | $372,000 | $86,300 | $285,700 |
| 2023 | $6,306 | $395,000 | $86,300 | $308,700 |
| 2022 | $12,979 | $395,000 | $86,300 | $308,700 |
| 2021 | $7,014 | $320,000 | $86,000 | $234,000 |
| 2020 | $5,147 | $320,000 | $80,100 | $239,900 |
| 2019 | $5,802 | $291,000 | $80,100 | $210,900 |
| 2018 | $5,254 | $260,000 | $73,900 | $186,100 |
| 2017 | $4,975 | $265,500 | $67,800 | $197,700 |
| 2016 | $4,886 | $253,000 | $67,800 | $185,200 |
| 2015 | $4,676 | $220,000 | $67,800 | $152,200 |
| 2014 | -- | $220,000 | $67,800 | $152,200 |
Source: Public Records
Agents Affiliated with this Home
-
Melinda Stolts
-
Nicole Stolts
N
Seller Co-Listing Agent in 2025
Nicole Stolts
Homes Plus Realty
(651) 755-8967
1 in this area
28 Total Sales
-
Edith Del Moral
Buyer's Agent in 2025
Edith Del Moral
National Realty Guild
(763) 232-4590
2 in this area
52 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6639126
APN: 11-028-24-11-0068
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