NOT LISTED FOR SALE
4 Beds
4 Baths
3,133 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: July 18, 2025

Last sale price $570,000 $182 Per Sq Ft

31 Days on Market

Highlights

  • Corner Lot
  • 4 Car Detached Garage
  • Laundry Facilities
  • Shakopee Senior High School Rated A-

About This Home

As of July 2025

Welcome to this stunning and recently renovated 4-unit property located at 438 3rd Ave E, Shakopee, Minnesota. Each unit features 1 bedroom and 1 bathroom, ideal for tenants seeking a cozy and modern living space. The property has been updated with a new roof, siding, and gutters, ensuring long-lasting durability and aesthetic appeal. Residents will appreciate the proximity to local amenities, including Valleyfair amusement park, the Minnesota Renaissance Festival, and Mystic Lake Casino. Nearby parks such as Huber Park and Memorial Park offer beautiful outdoor spaces for recreation and relaxation. Commuting is convenient with easy access to major highways like Highway 169 and County Road 101, making travel to the Twin Cities and surrounding areas a breeze. The property is also near various shopping centers, dining options, and top-rated schools within the Shakopee School District, ensuring a well-rounded and enjoyable living experience for residents.

Last Agent to Sell the Property

Olga Melikian

Northstar Real Estate Associates Listed on: 06/09/2025

Northstar Real Estate Associates

Last Buyer's Agent

Ali Ahyai

Real Estate Masters, Ltd.

Real Estate Masters, Ltd.
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,960

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 59x142
  • Corner Lot
  • Few Trees

Parking

  • 4 Car Detached Garage

Home Design

  • Quadruplex
  • Block Foundation
  • Pitched Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Radiator
  • Boiler Heating System

Listing and Financial Details

  • Tenant pays for electricity, trash collection
  • The owner pays for grounds care, repairs, sewer, snow removal, taxes, water
  • Assessor Parcel Number 270013800

Community Details

Overview

  • 4 Units
  • City Of Shakopee Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,960

Year Built

Built in 1950

Lot Details

8,712 Sq Ft Lot

Parking

4

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Fourplex
  • Outside Features: Vinyl
  • Garage Spaces: 4
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry
  • Year Built: 1950
  • Above Grade Finished Sq Ft: 2474
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Y
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Living Area: 3133
  • Below Grade Finished Sq Ft: 659
  • Owner Pays: Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Water
  • Basement YN: Yes
  • Amenities: Hardwood Floors, Kitchen Window
  • Appliances: Microwave, Range, Refrigerator

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt, Pitched
  • PoolFeatures: None
  • Fencing: None
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Detached Garage

Utilities

  • Heating: Boiler, Radiator
  • Sewer: City Sewer/Connected
  • LaundryFeatures: In Basement, Common Area
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Shakopee
  • SchoolDistrictPhone: 9524965006

Lot Info

  • Waterfront YN: No
  • Lot Size: 59x142
  • Land Lease: No
  • Lot Features: Corner Lot, Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Units Total: 4

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 270013800
  • Tax Annual Amount: 4960
  • TaxWithAssessments: 4960

Multi Family

  • TenantPays: Electricity, Trash Collection
  • Number Of Refrigerators: Four

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2025
Closed on
Jul 14, 2025
Sold by
Bought by
Seller's Agent
Olga Melikian
Northstar Real Estate Associates
Buyer's Agent
Ali Ahyai
Real Estate Masters, Ltd.
List Price
$580,000
Sold Price
$570,000
Premium/Discount to List
-$10,000
-1.72%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Outstanding Balance
$423,383
Interest Rate
6.81%
Mortgage Type
Construction

Purchase Details

Closed on
May 2, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.88%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 9, 2013
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Shakopee, MN

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Purchase 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 Buyer Sale Price Title Company
$570,000 West Title
$3,000 West Title
$392,000 --
-- None Available
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $427,500
Previous Owner $135,000
Previous Owner $120,000
Previous Owner $360,000
Source: Public Records

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
07/18/2025 07/18/25 Sold $570,000 -1.7% $182 / Sq Ft
07/10/2025 07/10/25 Pending -- -- --
06/09/2025 06/09/25 For Sale $580,000 -- $185 / Sq Ft
Source: NorthstarMLS

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
2026 $5,910 $530,500 $80,000 $450,500
2025 $5,670 $444,900 $76,000 $368,900
2024 $5,228 $444,900 $76,000 $368,900
2023 $4,960 $384,400 $76,000 $308,400
2022 $4,896 $376,500 $76,000 $300,500
2021 $4,576 $320,000 $80,000 $240,000
2020 $4,974 $320,000 $80,000 $240,000
2019 $4,412 $304,752 $76,328 $228,424
2018 $4,526 $0 $0 $0
2016 $3,966 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

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Map

Source: NorthstarMLS

MLS Number: 6735874

NorthstarMLS
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