$355,500
SOLD NOV 14, 2024
4 Beds
4 Baths
2,992 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$119 Per Sq Ft

6% Below List Price

17 Days on Market

Highlights

  • Porch
  • Coin Laundry
  • Partially Fenced Property

About This Home

As of November 2024

Charming 1910-built 4-plex, owned for 14 years, is the perfect investment opportunity. Each of the four 1-bedroom, 1-bathroom units boasts hardwood floors, an open-concept living and dining area, and timeless character. Located just minutes from downtown Minneapolis with easy highway access, residents will love being close to lakes, trails, shops, restaurants, and cafes. The property features a newer roof (less than 8 years old), a 2-stall garage, and three additional parking spaces, offering potential for extra income. Four storage units, two currently rented out, further enhance income potential. With leases set to renew (three expiring in October and one in December), this property has a proven history of always being rented. Priced competitively for a quick sale, don’t miss out on this investment opportunity!

Last Agent to Sell the Property

Carissa Kemnitz

Coldwell Banker Realty Brokerage Phone: 913-710-0092 Listed on: 09/19/2024

Coldwell Banker Realty

Last Buyer's Agent

Ryan Walseth

Keller Williams Realty Integrity Lakes

Keller Williams Realty Integrity Lakes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,312

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 42x126
  • Partially Fenced Property
  • Wood Fence
  • Chain Link Fence

Parking

  • 2 Car Garage
  • Parking Fee

Home Design

  • Quadruplex
  • Flat Roof Shape

Interior Spaces

  • 2,992 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Stone or Rock in Basement
  • Basement Window Egress

Additional Features

  • Porch
  • Boiler Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for fuel, sewer, taxes, trash collection
  • Assessor Parcel Number 3402924430018

Community Details

Overview

  • 4 Units
  • Boulevard Add Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,312

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry, Coin-op Laundry Owned, Deck, Porch
  • Year Built: 1910
  • Above Grade Finished Sq Ft: 2992
  • Water Sewer Expenses: 3800
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Attribution Contact: 913-710-0092
  • Attribution Contact: 913-710-0092
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Egress Window(s), Concrete, Stone/Rock, Unfinished
  • Living Area: 2992
  • Owner Pays: Fuel, Sewer, Taxes, Trash Collection
  • Basement YN: Yes
  • Total Rooms: 4
  • Total Rooms: 4
  • Shared Rooms: Other
  • Total Rooms: 4
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Rolled/Hot Mop, Flat
  • Fencing: Chain Link, Partial, Wood
  • Neighborhood: Phillips West
  • PatioPorchType: Covered,Deck,Front Porch

Garage/Parking

  • Parking Features: Detached, Asphalt, More Parking Offsite for Fee
  • Garage Square Feet: 0
  • Other Parking Spaces: 1
  • Other Parking Spaces: 1
  • Other Parking Spaces: 1
  • Other Parking Spaces: 1

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Four

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Topography: Level
  • Lot Size: 42x126
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco, Vinyl Siding
  • Units Total: 4

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 3402924430018
  • Tax Annual Amount: 7312
  • TaxWithAssessments: 7312.0000

Multi Family

  • TenantPays: Electricity, Gas
  • ElectricExpense: 300
  • FuelExpense: 3650
  • Number Of Refrigerators: Four

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2024 11/14/24 Sold $355,500 -6.4% $119 / Sq Ft
10/07/2024 10/07/24 Pending -- -- --
09/20/2024 09/20/24 For Sale $380,000 -- $127 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6603537

NorthstarMLS

APN: 34-029-24-43-0018