3604 E 56th St Minneapolis, MN 55417
Morris Park NeighborhoodEstimated payment $3,133/month
Highlights
- 2 Car Detached Garage
- Forced Air Heating System
- Property is Fully Fenced
About This Home
Meticulously maintained duplex on a sunny corner lot with strong rental appeal and valuable updates throughout. Each unit features separate gas, electric, furnace, A/C, and water heater—ideal for minimizing overhead and simplifying management. Recent improvements include brand-new stainless steel appliances in both units, updated kitchen and dining area in Unit 1, and new in-unit washer/dryer in Unit 2. Hardwood floors, cove moldings, and natural woodwork add timeless charm. Unit 1 includes a large finished attic—perfect as a bonus living area or storage. Lower level offers additional secured storage for tenant use. Located just minutes from MSP Airport and Mall of America with easy access to public transit, shops, and restaurants. Turnkey property with excellent long-term potential—live in one unit or rent both for immediate income!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,039
Year Built
- Built in 1928
Lot Details
- Lot Dimensions are 40 x 128
- Property is Fully Fenced
Parking
- 2 Car Detached Garage
Interior Spaces
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Partially Finished Basement
- Drain
- Laundry in Basement
Utilities
- Forced Air Heating System
Community Details
- 2 Units
- Morris Park 2Nd Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 1902823210143
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,039 | $478,000 | $114,000 | $364,000 |
| 2023 | $6,292 | $483,000 | $114,000 | $369,000 |
| 2022 | $4,419 | $182,000 | $45,500 | $136,500 |
| 2021 | $3,788 | $326,000 | $67,000 | $259,000 |
| 2020 | $4,536 | $292,500 | $45,000 | $247,500 |
| 2019 | $3,270 | $256,500 | $30,000 | $226,500 |
| 2018 | $2,913 | $233,000 | $30,000 | $203,000 |
| 2017 | $2,389 | $174,000 | $27,300 | $146,700 |
| 2016 | $2,467 | $174,000 | $27,300 | $146,700 |
| 2015 | $2,185 | $151,500 | $27,300 | $124,200 |
| 2014 | -- | $147,500 | $29,600 | $117,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/16/2025 12/16/25 | Price Changed | $489,900 | -3.9% | $261 / Sq Ft |
| 10/03/2025 10/03/25 | Price Changed | $510,000 | -2.8% | $271 / Sq Ft |
| 07/28/2025 07/28/25 | For Sale | $524,900 | -- | $279 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $515,000 | -- | |
| Warranty Deed | $515,000 | Lake Title | |
| Limited Warranty Deed | $227,000 | Attorney | |
| Sheriffs Deed | $200,000 | Attorney | |
| Warranty Deed | $275,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $458,500 | New Conventional | |
| Closed | $437,750 | No Value Available | |
| Previous Owner | $212,494 | FHA |
Source: NorthstarMLS
MLS Number: 6748381
APN: 19-028-23-21-0143
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