Minneapolis, MN 55407 3025 Park Avenue

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Presented By: RE/MAX Results
  • MLS# 6710045
  • 04/25/2025
  • Request Tour
  • Request Info
  • Beds • 1
  • Baths • 1
  • SQFT • 2,800
  • Garage • 4

Home Details

Buyer's financing did not come through, so this little gem is back on the market! Do not miss the opportunity to make this charming income producing 4plex yours. Priced to move, these four 1 bed 1 bath units always rent well, and are a great opportunity for long term rentals or could be fantastic for an airbnb. Property is less than 2 miles from 2 major hospitals, so renting to traveling healthcare workers is another income option. Units have hardwood floors and tons of natural light, and building has a newer boiler system. Located on Park Ave and Lake Street the property is a straight shot to downtown, and conveniently located near local shopping, restaurants, and the Midtown Greenway. There are 4 garages, and storages units, one for each apartment and laundry in the basement. There is plenty of opportunity for additional income on this property, and there's the possibility to house hack, at this price, it won't last long.
Presented By: RE/MAX Results

Interior Features for 3025 Park Avenue

Other Interior Features

Above Grade Finished Area2800
BasementFull, Concrete, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area
FuelNatural Gas
Garage Square Feet1440

General for 3025 Park Avenue

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
Construction MaterialsStucco
ContingencyNone
CountyHennepin
Directions35W to 31st St, head east to Park Ave, North to property on the right
Electric Expense275
Fuel Expense1590
Garage Spaces4
Gross Income48189
HeatingBaseboard, Boiler
High School DistrictMinneapolis
Insurance Expense3910
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area2800
Lot Size UnitsAcres
MaintenanceExpense2800
New ConstructionNo
Number Of Units Total4
Operating Expense8223
PostalCityMinneapolis
Property SubtypeQuadruplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameChicago Lake Park Add
Tax Annual Amount8280
Tax Year2025
Trash Expense550
Water Sewer Expense4000
Year Built1937

Exterior for 3025 Park Avenue

Building Area Total4200
Foundation Area1400
Lot Dimensions40x119
Lot FeaturesPublic Transit (w/in 6 blks)
Lot Size Area0.11
Parking FeaturesDetached
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $499,900
MLS#6710045
List Date 04/25/2025
Property Type Multi-Family
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