UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $173
MLS Listing ID 7032582
Bedrooms 8
Year Built 1963
Annual Tax Amount $10,389
Tax Year 2025
Contingent None
Lot Dimensions 102x136
Property Sub-Type Fourplex
Property Description
-Three units occupied w/market-rate tenants. Some units have been updated.
-4 furnaces-CenterPoint Energy has quoted approx. $2,500 to separate gas meters, allowing future heat costs to be shifted to tenants, further increasing net income.
-E-Z access to I-94, Hwy 100, and I-694, and public transit routes-high rental demand area. Street has an expanded pedestrian path leading to a regional park and the Mississippi River — approx. a 15-minute walk.
-Coin-op laundry on third-party contract —new owner can take over machines and capture 100% of income.
-Detached garage provides another revenue opportunity if rented separately. Property has been professionally managed and would be suitable for either passive ownership or self-management.
**Listing agent holds an ownership interest in the property.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Other
Interior
Heating Forced Air
Fireplace No
Laundry Common Area, Lower Level, Laundry Room
Exterior
Parking Features Detached Garage, Asphalt, Garage Door Opener, Parking Lot, Paved Lot
Garage Spaces 4.0
Fence Chain Link, Partial
Roof Type Age Over 8 Years,Asphalt
Building
Lot Description Public Transit (w/in 6 blks), Tree Coverage - Medium
Story Split Entry (Bi-Level)
Foundation 1700
Sewer City Sewer - In Street
Water City Water/Connected, City Water - In Street
Level or Stories Split Entry (Bi-Level)
Structure Type Block,Frame
New Construction false
Schools
School District Brooklyn Center
Nearby School & Business
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