
3025 Park Ave Minneapolis, MN 55407
Central NeighborhoodEstimated payment $3,451/month
About This Home
Do not miss the opportunity to make this charming income producing 4plex yours. Priced to move, these four 1 bed 1 bath units always rent well, and are a great opportunity for long term rentals or could be fantastic for an airbnb. Units have hardwood floors and tons of natural light, and building has a newer boiler system. Located on Park Ave and Lake Street the property is a straight shot to downtown, and conveniently located near local shopping, restaurants, and the Midtown Greenway. There are 4 garages, and storages units, one for each apartment and laundry in the basement. There is plenty of opportunity for additional income on this property, there's an assumable loan, (reach out to listing agent for more details) and there's the possibility to house hack, at this price, it won't last long.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,280
Year Built
- Built in 1937
Lot Details
- Lot Dimensions are 40x119
Parking
- 4 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 2,800 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Utilities
- Baseboard Heating
- Boiler Heating System
Community Details
- 4 Units
- Chicago Lake Park Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 0202824220031
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
05/23/2025 05/23/25 | Price Changed | $499,900 | -1.8% | $179 / Sq Ft |
04/25/2025 04/25/25 | For Sale | $509,000 | -- | $182 / Sq Ft |
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Source: NorthstarMLS
MLS Number: 6710045

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