3835 5th Avenue S
Minneapolis, MN 55409
- – beds
- – baths
- 4,576 sqft
- $151 per sqft
- 1916 build
- – on site
More homes
This cash-flowing 4-plex located in South Central Minneapolis presents an exceptional opportunity to expand your portfolio. Unit #3 is MTM and would be a great opportunity for an owner-occupant investor with almost all of the utilities being charged back to the tenants! Large yard & parking lot with lots of extra storage available. 2/4 units are 4D program participants which reduces the property taxes by up to an estimated 40% (up to 80% if the new owner registers all 4 units in the program!) With a limited number of 3-bedroom units available for rent in this area, you'll have strong rental demand and renters who want to stay long-term.
Last checked:
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Last updated Nov 19, 2024
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MLS# 6616316 —
The Building
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Year Built:1916
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New Construction:false
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Age Of Property:108
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Construction Materials:Stucco
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Roof:Flat
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Accessibility Features:None
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Levels:Two
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Main Level Finished Area:2288.0000
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Basement:Brick/Mortar
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Basement:false
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Foundation Area:2288
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Building Area Total:6864
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Above Grade Finished Area:4576
Room Dimensions
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Living Area:4576
Location
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Directions:35W to 5th Ave S
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Latitude:44.932871
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Longitude:-93.268486
The Property
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Parcel Number:1002824110233
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Additional Parcels:false
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Lot Size Area:0.21
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Lot Size Dimensions:75x122
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Lot Size Units:Acres
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Fencing:Chain Link
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Water Source:City Water/Connected
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (651) 955-4255
- Office phone:
- (651) 900-4386
Taxes
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Tax Year:2024
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Tax Annual Amount:7257
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Tax With Assessments:7257.3600
Heating & Cooling
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Heating:Boiler
Utilities
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Electric:100 Amp Service
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Sewer:City Sewer/Connected
Appliances
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Refrigerator:Four
Schools
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High School District:Minneapolis
The Community
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Subdivision Name:Fifth Ave Add
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Association Amenities:Common Laundry
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Assessment Pending:No
Parking
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Parking Features:Parking Lot
Extra Units
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# of Units Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/18/24
Nov 18, 2024
|
Sold | NORTHSTAR | $695,000 | 6.9% |
10/18/24
Oct 18, 2024
|
Pending | NORTHSTAR | $650,000 | |
10/12/24
Oct 12, 2024
|
Listed / Active | NORTHSTAR | $650,000 | 30.0% (6.1% / YR) |