$400,000
PENDING

321 W 74th St Richfield, MN 55423

Estimated payment $2,674/month

Total Views 3,328
2 Beds
1 Bath
2,250 Sq Ft
$178 Price per Sq Ft

About This Home

Discover the potential of this duplex located at 321-323 74th St W, Richfield. The main level features 2 bedrooms and 1 bathroom, while the upper unit offers 3 bedrooms and 1 bathroom, providing ample living space. The current rent is below market value, and both units are on the month-to-month lease, offering flexibility for new owners.
This property promises excellent cash flow potential, with the price reflecting its current condition. Conveniently located, this duplex is close to amenities and transportation. Don't miss out on this chance to invest in a valuable asset in desirable location!

Listing Agent

Aileen Chan

Edina Realty, Inc. Listed on: 07/17/2025

Edina Realty, Inc.

Co-Listing Agent

Wei Ming Chiang

Edina Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,917

Year Built

  • Built in 1960

Home Design

  • Duplex
  • Aluminum Siding

Interior Spaces

  • 2,250 Sq Ft Home
  • 2-Story Property
  • Basement
  • Block Basement Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Forced Air Heating System

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for insurance, grounds care, repairs, percentage rent, sewer, taxes, trash collection
  • Assessor Parcel Number 3402824320004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,917

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry
  • Year Built: 1960
  • Above Grade Finished Sq Ft: 2250
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block
  • Living Area: 2250
  • Owner Pays: Insurance, Grounds Care, Repairs, Percentage Rent, Sewer, Taxes, Trash Collection
  • Basement YN: Yes

Beds/Baths

  • Total Bedrooms: 2

Exterior Features

  • Roof: Age Over 8 Years
  • ConstructionMaterialsDesc: Block

Garage/Parking

  • Parking Features: Other

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Richfield
  • SchoolDistrictPhone: 612-798-6010

Lot Info

  • Lot Size: 0
  • Land Lease: No
  • Additional Parcels: No
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Aluminum Siding, Brick/Stone
  • Units Total: 2

Rental Info

  • Expenses: 11349.0000

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 3402824320004
  • Tax Annual Amount: 6917
  • TaxWithAssessments: 6917.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Gas
  • Number Of Refrigerators: Two

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft Prior Sale
09/26/2025 09/26/25 Pending -- -- --
07/18/2025 07/18/25 For Sale $400,000 +102.0% $178 / Sq Ft
03/20/2013 03/20/13 Sold $198,000 -5.3% $84 / Sq Ft View Prior Sale
03/12/2013 03/12/13 Pending -- -- --
12/06/2012 12/06/12 For Sale $209,000 -- $89 / Sq Ft
Source: NorthstarMLS

Source: NorthstarMLS

MLS Number: 6757146

NorthstarMLS

APN: 34-028-24-32-0004