$599,000

Estimated payment $3,425/month

Total Views 499
8 Beds
4 Baths
3,680 Sq Ft
$163 Price per Sq Ft

About This Home

High-performing South Minneapolis 4plex. All units are 2BR/1BA. There are also 4 garage stalls accessible via the alley. High-efficiency boiler installed in 2013, & roof was replaced in 2024. The opportunity exists to increase rents, and also rent out large storage rooms in the basement. The building is currently enrolled in Minneapolis 4D program for a significant reduction in the tax bill.

Listing Agent

David Dirkers

MRG Realty Partners, LLC Listed on: 09/01/2025

Co-Listing Agent

Nate Schammel

MRG Realty Partners, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,001

Year Built

  • Built in 1959

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,680 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Lot Dimensions are 125 x 46 x 125 x 46
  • Boiler Heating System

Community Details

  • 4 Units
  • Monroe Bros Sub Of Lts Herrick Haml Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1102824110075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,001

Year Built

Built in 1959

Lot Details

0

Parking

4

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Garage Spaces: 4
  • Accessibility Features: Other
  • Water Source: City Water/Connected
  • Year Built: 1959
  • Above Grade Finished Sq Ft: 3680
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block
  • Living Area: 3680
  • Basement YN: Yes
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 8

Exterior Features

  • Neighborhood: Bancroft

Garage/Parking

  • Garage Square Feet: 950

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

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

Lot Info

  • Lot Size: 125 x 46 x 125 x 46
  • Land Lease: No
  • Additional Parcels: No
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 4

Rental Info

  • Expenses: 24548.0000

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 1102824110075
  • Tax Annual Amount: 2001
  • TaxWithAssessments: 2001.0000

Multi Family

  • TenantPays: Electricity

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

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
2023 $4,400 $551,000 $79,200 $471,800
2022 $4,661 $110,600 $17,200 $93,400
2021 $4,505 $448,500 $79,000 $369,500
2020 $7,207 $448,500 $54,000 $394,500
2019 $6,610 $407,500 $54,000 $353,500
2018 $5,658 $364,000 $27,000 $337,000
2017 $5,162 $275,500 $24,500 $251,000
2016 $4,943 $256,000 $24,500 $231,500
2015 $4,503 $222,500 $24,500 $198,000
2014 -- $222,500 $27,200 $195,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2025 09/01/25 For Sale $599,000 -- $163 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Foreclosure Deed $145,000 --
Trustee Deed $155,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $312,500 New Conventional
Closed $173,000 Unknown
Previous Owner $108,500 Unknown
Previous Owner $150,000 Adjustable Rate Mortgage/ARM
Source: Public Records

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Source: NorthstarMLS

MLS Number: 6781206

NorthstarMLS

APN: 11-028-24-11-0075