Seller's Agent in 2025
Launa Erickson
Realty ONE Group Choice
(763) 242-6402
45 Total Sales
5347 4th St NE Minneapolis, MN 55421
4
Beds
3
Baths
2,670
Sq Ft
8,712
Sq Ft Lot
Highlights
- Zoned Cooling
- Baseboard Heating
- 4-minute walk to Oak Hill Park
- 1-Story Property
About This Home
As of January 2025**THIS EXCEPTIONAL INVESTMENT OPPORTUNITY IS BACK ON THE MARKET!** Due to the Buyers financing falling through at the last minute. ALL NEW ELECTRICAL PANELS INSTALLED IN EACH UNIT AND THE GARAGE! COME CHECK OUT THIS VERY AFFORDABLE OPPORTUNITY. This Triplex is a fantastic opportunity for investors seeking reliable, long-term rental income. Featuring three separate units, each with its own private entry, this property offers steady cash flow and excellent ROI potential. The area has shown consistent historical appreciation, and market trends suggest that demand for rental properties will continue to grow, driven by factors like [local job growth, new infrastructure, or increased demand for housing!] Units #1 & #3 have in-unit laundry, enhancing tenant convenience. Unit #2 offers 2 bedrooms, 1 bath, & an in-unit laundry. Each unit has its own separate exterior entrance, ensuring privacy and ease for tenants. The roof is less than 8 years old! The building is structurally sound, with some recent upgrades done in the last three months. Seller has made many improvements including New boilers, Fresh paint throughout, New carpet/flooring and so much more! 2-car detached garage included. Convenient location with easy access to highways, really close to the local park, shopping and many restaurants. Whether you're an experienced investor or a first-time buyer, this Triplex offers a turn-key opportunity to add a valuable asset to your portfolio. Quick closing desired. See supplements for full list of improvements. Make this be your final investment of the year!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,707
Year Built
- Built in 1960
Lot Details
- Lot Dimensions are 130 x 67
- Chain Link Fence
Parking
- 2 Car Garage
Home Design
- Triplex
Interior Spaces
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Storage
Utilities
- Zoned Cooling
- Baseboard Heating
- Boiler Heating System
Community Details
- 3 Units
- Hamiltons Add To Mechanics Subdivision
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- The owner pays for grounds care, repairs, sewer, snow removal, trash collection
- Assessor Parcel Number 233024340055
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/10/2025 02/10/25 | Off Market | -- | -- | -- |
| 02/02/2025 02/02/25 | For Rent | -- | -- | -- |
| 01/31/2025 01/31/25 | Sold | $450,000 | -2.2% | $169 / Sq Ft |
| 01/07/2025 01/07/25 | Pending | -- | -- | -- |
| 12/21/2024 12/21/24 | For Sale | $459,900 | 0.0% | $172 / Sq Ft |
| 12/20/2024 12/20/24 | Price Changed | $459,900 | +3.4% | $172 / Sq Ft |
| 11/27/2024 11/27/24 | Pending | -- | -- | -- |
| 11/22/2024 11/22/24 | Price Changed | $444,900 | -1.1% | $167 / Sq Ft |
| 11/08/2024 11/08/24 | For Sale | $449,900 | -- | $169 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Launa Erickson
-
Joseph Dennis
Seller Co-Listing Agent in 2025
Joseph Dennis
Realty ONE Group Choice
(651) 239-5844
28 Total Sales
-
Jake Foss
J
Buyer's Agent in 2025
Jake Foss
LaBelle Real Estate Group Inc
(651) 705-0166
62 Total Sales
-
Amy Foss
Buyer Co-Listing Agent in 2025
Amy Foss
LaBelle Real Estate Group Inc
(651) 261-1597
101 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6571664
APN: 23-30-24-34-0055
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