1107 57th AVE N, Minneapolis, MN 55430
1107 57th AVE N, Minneapolis, MN 55430
1107 57th AVE N, Minneapolis, MN 55430
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$589,900
Est. payment /mo
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8 Beds
4 Baths
3,400 SqFt
Active

1107 57th AVE N Minneapolis, MN 55430

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Brett Lizotte

Brett Lizotte

+1(651) 319-6599

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

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. 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

Listed by Ishmael Israel • National Realty Guild

NEARBY SCHOOL & BUSINESS

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Brett Lizotte

Brett Lizotte

Agent | License ID: 40689497

+1(651) 319-6599

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1107 57th AVE N

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