Minneapolis, MN 55430 1107 57th Avenue N

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Presented By: National Realty Guild
  • MLS# 7032582
  • 03/06/2026
  • Request Tour
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  • Beds • 8
  • Baths • 4
  • SQFT • 3,400
  • Garage • 4

Home Details

8 hr notice to show. This property offers an excellent opportunity for a new or growing investor to step into a cash-flowing asset. -Three units occupied w/market-rate tenants and a lease is pending on the fourth. Two 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.
Presented By: National Realty Guild

Interior Features for 1107 57th Avenue N

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area1700
BasementOther
Basement (Y/N)No
Below Grade Finished Area1700
FuelNatural Gas
Garage Square Feet
Laundry FeaturesCommon Area, Lower Level, Laundry Room

General for 1107 57th Avenue N

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCoin-op Laundry Leased, Laundry, Patio, Security Lighting
CityBrooklyn Center
Construction MaterialsBlock, Frame
ContingencyNone
CountyHennepin
DirectionsHwy 100 to Bass Lake Road, East to building
ElectricCircuit Breakers, 100 Amp Service
Electric Expense396
Fuel Expense2160
Garage Spaces4
Gross Income69440
HeatingForced Air
High School DistrictBrooklyn Center
Insurance Expense4500
Land Lease Y/NNo
Lender OwnedNo
LevelsSplit Entry (Bi-Level)
Living Area3400
Lot Size UnitsAcres
MaintenanceExpense765
Net Operating Income57540
New ConstructionNo
Number Of Units Total4
Operating Expense0
OwnerPaysGas, Heat, Hot Water, HVAC Maintenance, Repairs, Management, Sewer, Snow Removal, See Remarks, Taxes, Trash Collection, Water
PostalCityMinneapolis
Property SubtypeQuadruplex
Property TypeResidential Income
RoofAge Over 8 Years, Asphalt
SewerCity Sewer - In Street
Standard StatusActive
Tax Annual Amount10389
Tax Year2025
Tenant PaysBroadband, Cable TV, Electricity, Security
TopographyLevel
Trash Expense2400
Water Sewer Expense0
Year Built1963
Zoning DescriptionResidential-Multi-Family

Exterior for 1107 57th Avenue N

Building Area Total3400
FencingChain Link, Partial
Foundation Area1700
Lot Dimensions102x136
Lot FeaturesPublic Transit (w/in 6 blks), Tree Coverage - Medium
Lot Size Area0.32
Parking FeaturesDetached Garage, Asphalt, Garage Door Opener, Parking Lot, Paved Lot
Road Frontage TypeCity Street, County Road, Sidewalks
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected, City Water - In Street

Additional Details

Price History

John Wichmann

Agent
Price $599,900
MLS#7032582
List Date 03/06/2026
Property Type Multi-Family
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