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, or furnished rentals. 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 and restaurants. There are 4 garages, and storages units, one for each apartment and laundry in the basement. The property is located less than 2 miles from 3 major hospitals, so marketing to traveling nurses is a huge opportunity. 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.
Closed
$428,800
3025 Park Ave, Minneapolis, MN 55407
4beds
4baths
4,200sqft
Quadruplex
Built in 1937
-- sqft lot
$430,600 Zestimate®
$102/sqft
$1,844 Estimated rent
Home value
$430,600
$400,000 - $465,000
$1,844/mo
Zestimate® history
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Hardwood floorsTons of natural lightLaundry in the basement
Zillow last checked:
Listing updated:
Listed by:
Barbara Hoberg 612-418-1689,
RE/MAX Results
Bought with:
Jonathan Wolf
Call It Closed International Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7005444
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Baseboard, Boiler
Appliances
- Laundry: In Basement, Common Area
Features
- Basement: Full,Concrete,Unfinished
Interior area
- Total structure area: 4,200
- Total interior livable area: 4,200 sqft
- Finished area above ground: 2,800
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Detached Garage
- Garage spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 4,791 Square Feet
- Dimensions: 40 x 119
- Features: Near Public Transit
Details
- Foundation area: 1400
- Parcel number: 0202824220031
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Chicago Lake Park Add
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $102/sqft
- Tax assessed value: $454,000
- Annual tax amount: $8,279
- Date on market: 1/21/2026
- Cumulative days on market: 255 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/2/2026 | Sold | $428,800+0.9%$102/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7005444 Report a problem | ||
| 1/24/2026 | Pending sale | $425,000$101/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7005444 Report a problem | ||
| 1/21/2026 | Listed for sale | $425,000-15%$101/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7005444 Report a problem | ||
| 1/6/2026 | Listing removed | $499,900$119/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6710045 Report a problem | ||
| 5/23/2025 | Price change | $499,900-1.8%$119/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6710045 Report a problem | ||
| 4/26/2025 | Listed for sale | $509,000-6.6%$121/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6710045 Report a problem | ||
| 5/28/2021 | Sold | $545,000-3.5%$130/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5729499 Report a problem | ||
| 4/2/2021 | Listed for sale | $565,000$135/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5729499 Report a problem | ||
| 12/10/2020 | Listing removed | $565,000$135/sqft |
Source: Engel & Voelkers Minneapolis Downtown #5684349 Report a problem | ||
| 11/11/2020 | Listed for sale | $565,000$135/sqft |
Source: Engel & Volkers Minneapolis Downtown #5684349 Report a problem | ||
| 9/26/2020 | Listing removed | $565,000$135/sqft |
Source: Engel & Voelkers Minneapolis Downtown #5647001 Report a problem | ||
| 9/17/2020 | Listed for sale | $565,000$135/sqft |
Source: Engel & Volkers Minneapolis Downtown #5647001 Report a problem | ||
| 3/20/2020 | Listing removed | $1,150 |
Source: Owner Report a problem | ||
| 3/18/2020 | Listed for rent | $1,150+9.5% |
Source: Owner Report a problem | ||
| 2/24/2020 | Listing removed | $565,000$135/sqft |
Source: Engel & V�lkers Minneapolis Downtown #5433314 Report a problem | ||
| 2/23/2020 | Listed for sale | $565,000$135/sqft |
Source: Engel & V�lkers Minneapolis Downtown #5433314 Report a problem | ||
| 2/10/2020 | Pending sale | $565,000$135/sqft |
Source: Engel & V�lkers Minneapolis Downtown #5433314 Report a problem | ||
| 2/10/2020 | Listed for sale | $565,000$135/sqft |
Source: Engel & Volkers Minneapolis Downtown #5433314 Report a problem | ||
| 2/10/2020 | Pending sale | $565,000$135/sqft |
Source: Engel & Volkers Minneapolis Downtown #5433314 Report a problem | ||
| 1/22/2020 | Listed for sale | $565,000-1.7%$135/sqft |
Source: Engel & Volkers Minneapolis Downtown #5433314 Report a problem | ||
| 11/23/2019 | Listing removed | $575,000$137/sqft |
Source: Engel & V�lkers Minneapolis Downtown #5324713 Report a problem | ||
| 11/19/2019 | Listed for sale | $575,000+69.1%$137/sqft |
Source: Engel & Volkers Minneapolis Downtown #5324713 Report a problem | ||
| 7/30/2019 | Listing removed | $1,050 |
Source: Owner Report a problem | ||
| 7/28/2019 | Listed for rent | $1,050+17.3% |
Source: Owner Report a problem | ||
| 3/7/2018 | Sold | $340,000+51.1%$81/sqft |
Source: Public Record Report a problem | ||
| 2/17/2018 | Listing removed | $895 |
Source: Owner Report a problem | ||
| 2/7/2018 | Listed for rent | $895 |
Source: Owner Report a problem | ||
| 1/23/2007 | Sold | $225,000-35.7%$54/sqft |
Source: Public Record Report a problem | ||
| 9/8/2003 | Sold | $350,000+560.4%$83/sqft |
Source: Public Record Report a problem | ||
| 3/14/1996 | Sold | $53,000$13/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,280 +5% | $454,000 |
| 2024 | $7,886 -0.6% | $454,000 -7.9% |
| 2023 | $7,931 +14.4% | $493,000 +0.1% |
| 2022 | $6,931 +4% | $492,600 +20.7% |
| 2021 | $6,665 +1.6% | $408,000 |
| 2020 | $6,558 -1.6% | $408,000 +10% |
| 2019 | $6,665 +1.6% | $371,000 |
| 2018 | $6,558 +13.7% | $371,000 +27.5% |
| 2017 | $5,767 +5.7% | $291,000 |
| 2016 | $5,455 -7.4% | $291,000 +15% |
| 2015 | $5,890 +9% | $253,000 +15% |
| 2014 | $5,402 +5.7% | $220,000 |
| 2013 | $5,110 -0.8% | $220,000 |
| 2012 | $5,151 -23.7% | $220,000 -9.5% |
| 2011 | $6,750 +40.5% | $243,000 -10% |
| 2010 | $4,805 -21.5% | $270,000 -20.6% |
| 2009 | $6,118 +9.5% | $340,000 +14.7% |
| 2006 | $5,584 +3.5% | $296,500 +7.6% |
| 2005 | $5,394 +33.1% | $275,500 +18.8% |
| 2004 | $4,052 +6% | $232,000 +27.5% |
| 2002 | $3,822 +29.1% | $182,000 |
| 2001 | $2,960 | -- |
Find assessor info on the county website
Neighborhood: Central
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Nearby schools
GreatSchools rating
- 3/10Lyndale Elementary SchoolGrades: PK-5Distance: 1 mi
- 7/10Justice Page Middle SchoolGrades: 6-8Distance: 2.5 mi
- 8/10Washburn Senior High SchoolGrades: 9-12Distance: 2.5 mi
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Estimated market value
$430,600
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Estimated market value
$430,600
- Minnesota
- Hennepin County
- Minneapolis
- 55407
- Central
- 3025 Park Ave
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