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1537 E 38th Street

Minneapolis, MN 55407

– beds
– baths
864 sqft
$543 per sqft
1911 build
– on site

Prime Investment Opportunity to Flip or Hold. Some Finishing Needed. This Unique Quadplex Offers a Fantastic Opportunity for Both Investors and Owner-Occupants Alike with One Unit Move-In Ready & A Second Unit at 90% Completion. The Additional Two Units Are a Blank Slate Waiting for Your Finishing Touches. It is Situated on a Double Lot for Ample Off Street Parking or The Space to Build Garages, Boasts New Plumbing, 4 New 75,000 BTU Boilers, 4 New High Capacity Water Heaters, 4 New Pressure Tanks, Updated Water Main Per City Requirement, Updated Electric, 4 Updated Split Meters, New Chimney Liner, Vinyl Windows Throughout (Basement Windows are New) , As An Equity Builder, A Full Un-Finished Basement With 4 Individual Storage Units & Laundry Hook-Ups Available. All Conveniently Located On a Bus Line, Near Parks & The Lakes, Restaurants, Shopping and Easy Access to the Freeway System, This Property is a Must-See!

Listing courtesy of NORTHSTAR / Melinda Stolts / Homes Plus Realty

Last checked: Checking… • Last updated Jan 2, 2025 •

MLS# 6639126 —

The Building

Year Built:

1911
New Construction:

false
Age Of Property:

114
Construction Materials:

Stucco
Roof:

Rolled/Hot Mop, Flat
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

1728.0000
Basement:

Full, Storage/Locker, Unfinished
Basement:

true
Foundation Area:

1728
Foundation Dimensions:

36x45x12x9x12x9x12x45
Building Area Total:

3456
Above Grade Finished Area:

864

Room Dimensions

Living Area:

864

Location

Directions:

From Hwy 62, Go North on Cedar to E 38th St, Go Left or West to Building
Latitude:

44.933846
Longitude:

-93.251635

The Property

Parcel Number:

1102824110068
Zoning Description:

Residential-Multi-Family
Property Type:

Residential Income
Property Subtype:

Quadruplex
Additional Parcels:

false
Lot Features:

Public Transit (w/in 6 blks)
Lot Size Area:

0.14
Lot Size Dimensions:

0x0x0x0
Lot Size Units:

Acres
Road Frontage Type:

City Street
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

6306
Tax With Assessments:

6306.0000

Heating & Cooling

Heating:

Boiler

Utilities

Sewer:

City Sewer/Connected

Appliances

Refrigerator:

One

Schools

High School District:

Minneapolis

The Community

Subdivision Name:

Monroe Bros Sub Of Lts Herrick Haml
Assessment Pending:

No

Parking

Parking Features:

Parking Lot, Open

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/30/24 Dec 30, 2024	Listed / Active	NORTHSTAR	$470,000

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This multifamily located in Powderhorn, Minneapolis, MN 55407 is currently for sale for $470,000. 1537 E 38th Street is a 864 square foot multifamily with – beds and – baths that has been on Estately for 3 days. 1537 E 38th Street is in the Powderhorn neighborhood of Minneapolis and has a WalkScore® of 82, making it very walkable. This multifamily is in the attendance area of Bancroft Elementary School, Andersen United Community School, and South High School.

Listing Courtesy of: NORTHSTAR and Homes Plus Realty.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.