4376 Upper 71st St E Inver Grove Heights, MN 55076
Inver Grove Heights AreaEstimated payment $2,868/month
Highlights
- 2 Car Detached Garage
- 1-Story Property
- Coin Laundry
- No Interior Steps
About This Home
Rare suburban triplex in a premier Inver Grove Heights location — an exceptional find for investors seeking stable, long-term cash flow outside the city core.
This well-maintained 3-unit property sits on a spacious lot in one of the south metro's most livable communities, just minutes from the Mississippi River and surrounded by an impressive array of recreational amenities. Residents enjoy walkable access to a brand-new city park featuring a playground and splash pad, Swing Bridge Park, and a neighborhood dog park — the kind of lifestyle draw that keeps quality tenants in place year after year.
The property's long-term occupancy history speaks for itself: stable residents, consistent income, and minimal turnover. With gross monthly rents of $3,420, this is a turnkey cash-flowing asset with no heavy lifting required from day one.
The oversized lot offers exceptional flexibility — ample space for outdoor storage, recreational vehicles, or equipment, a rare perk in suburban multifamily that tenants genuinely value and that sets this property apart from anything comparable in the area.
Triplexes in suburban locations like Inver Grove Heights almost never come to market. If you've been waiting for a multifamily opportunity that offers the stability of suburban demographics with the income profile of a true investment property, this is it.
Also available is the next-door vacant lot at 7177 River Rd. Sold separately or together.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,806
Year Built
- Built in 1915
Lot Details
- Irregular Lot
- Few Trees
Parking
- 2 Car Detached Garage
Home Design
- Triplex
- Flat Roof Shape
- Slab Foundation
- Rubber Roof
- Block Exterior
Interior Spaces
- 2,560 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Accessible Home Design
- No Interior Steps
- Accessible Pathway
Utilities
- Radiator
- Boiler Heating System
- Underground Utilities
Community Details
- 3 Units
- Coin Laundry
Listing and Financial Details
- The owner pays for electricity, gas, heat, hot water, grounds care, repairs, taxes, trash collection, water
- Assessor Parcel Number 200110029134
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $178 | $15,700 | $15,700 | |
| 2024 | $3,592 | $334,100 | $115,500 | $218,600 |
| 2023 | $3,592 | $345,500 | $112,600 | $232,900 |
| 2022 | $3,224 | $334,600 | $112,500 | $222,100 |
| 2021 | $3,130 | $287,100 | $97,800 | $189,300 |
| 2020 | $2,760 | $273,800 | $93,200 | $180,600 |
| 2019 | $2,743 | $249,300 | $88,700 | $160,600 |
| 2018 | $2,676 | $232,300 | $84,500 | $147,800 |
| 2017 | $2,421 | $225,500 | $80,500 | $145,000 |
| 2016 | $2,374 | $203,200 | $76,700 | $126,500 |
| 2015 | $2,219 | $185,920 | $69,499 | $116,421 |
| 2014 | -- | $164,538 | $65,742 | $98,796 |
| 2013 | -- | $150,807 | $60,467 | $90,340 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/05/2026 08/05/26 | Price Changed | $465,000 | -2.1% | $182 / Sq Ft |
| 07/06/2026 07/06/26 | For Sale | $475,000 | -- | $186 / Sq Ft |
Source: NorthstarMLS
MLS Number: 7095881
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Ask me questions while you tour the home.