$499,900

Estimated payment $3,451/month

Total Views 6,337
4 Beds
4 Baths
2,800 Sq Ft
$179 Price per Sq Ft

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.

Listing Agent

Barbara Hoberg

RE/MAX Results Listed on: 04/25/2025

RE/MAX Results

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,280

Year Built

Built in 1937

Lot Details

0

Parking

4

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Garage Spaces: 4
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1937
  • Above Grade Finished Sq Ft: 2800
  • Water Sewer Expenses: 4000
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Concrete, Unfinished
  • Living Area: 2800
  • Basement YN: Yes
  • Appliances: Range
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Neighborhood: Central

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 1440

Utilities

  • Heating: Baseboard, Boiler
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Four

Schools

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

Lot Info

  • Lot Size: 40x119
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks)
  • Additional Parcels: No
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 4

Rental Info

  • Expenses: 8223.0000

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 0202824220031
  • Tax Annual Amount: 8280
  • TaxWithAssessments: 8279.5800

Multi Family

  • ElectricExpense: 275
  • FuelExpense: 1590
  • Resident Manager Expense: 5500
  • Number Of Refrigerators: Four

Map

Range of Values:

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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
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
Source: NorthstarMLS

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Source: NorthstarMLS

MLS Number: 6710045

NorthstarMLS

APN: 02-028-24-22-0031