This outstanding Prospect Park property offers a rare opportunity for investors seeking a move-in-ready home with strong income potential. Situated on a quiet cul-de-sac and bordering a wooded area, the home features a spacious layout with an open-concept main floor, hardwood oak flooring, and abundant natural light. The large kitchen includes a walk-in pantry, and a substantial 2006 addition added four well-sized bedrooms, all with ample closet space—making it ideal for either long-term family tenants or short-term rental groups. The finished third floor offers additional living space with pine ceilings and new carpet installed in 2022, adding to the home’s versatility and appeal. A brand-new boiler and roof were installed in 2023, ensuring updated infrastructure for low-maintenance ownership. There is also space to add 2 future full bathrooms! Located within walking distance to the University of Minnesota, light rail access, and an array of popular destinations including Malcolm Yards, Surly Brewing Co., and O’Shaughnessy Distilling Co., this property is exceptionally well positioned for consistent rental demand. Whether you’re growing your portfolio or entering the Minneapolis market, this is a smart, turnkey investment in one of the city’s most vibrant and connected neighborhoods. This home has been virtually staged to illustrate its potential.
Closed
Zestimate®
$540,000
3135 4th St SE, Minneapolis, MN 55414
7beds
3,607sqft
Single Family Residence
Built in 1912
0.27 Acres Lot
$540,000 Zestimate®
$150/sqft
$4,754 Estimated rent
Home value
$540,000
$497,000 - $589,000
$4,754/mo
Zestimate® history
Owner options
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$4,754/mo
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$4,754/mo
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$3,434/mo
Est. payment
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$3,434/mo
Est. payment
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Hardwood oak flooringWalk-in pantryOpen-concept main floorPine ceilingsAbundant natural lightAmple closet spaceFinished third floor
Zillow last checked:
Listing updated:
Listed by:
Tamara Burch 612-360-3060,
Real Broker, LLC
Bought with:
JianBin Ou
Keller Williams Classic Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6706545
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 312 Square Feet
- Dimensions: 24x13
Bedroom 2
- Level: Upper
- Area: 133.1 Square Feet
- Dimensions: 12.10x11
Bedroom 3
- Level: Upper
- Area: 123.2 Square Feet
- Dimensions: 11x11.2
Bedroom 4
- Level: Upper
- Area: 110.94 Square Feet
- Dimensions: 12.9x8.6
Bedroom 5
- Level: Upper
- Area: 126.69 Square Feet
- Dimensions: 12.3x10.3
Bedroom 6
- Level: Upper
- Area: 127.72 Square Feet
- Dimensions: 10.3x12.4
Bonus room
- Level: Upper
- Area: 775 Square Feet
- Dimensions: 31x25
Dining room
- Level: Main
- Area: 191.7 Square Feet
- Dimensions: 14.2x13.5
Family room
- Level: Third
- Area: 775 Square Feet
- Dimensions: 31x25
Guest room
- Level: Upper
- Area: 64.8 Square Feet
- Dimensions: 8.10x8
Kitchen
- Level: Main
- Area: 179.2 Square Feet
- Dimensions: 16x11.2
Laundry
- Level: Main
- Area: 110.76 Square Feet
- Dimensions: 7.8x14.2
Living room
- Level: Main
- Area: 190.4 Square Feet
- Dimensions: 13.6x14
Office
- Level: Upper
- Area: 78.26 Square Feet
- Dimensions: 8.6x9.10
Heating
- Forced Air, Hot Water
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Cooktop, Dishwasher, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Refrigerator, Wall Oven, Washer
Features
- Basement: Concrete
Interior area
- Total structure area: 3,607
- Total interior livable area: 3,607 sqft
- Finished area above ground: 3,607
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached, Gravel, Concrete, Insulated Garage, Tuckunder Garage
- Attached garage spaces: 2
- Details: Garage Dimensions (24x26), Garage Door Height (8), Garage Door Width (9)
Accessibility
- Accessibility features: None
Features
- Levels: More Than 2 Stories
- Fencing: None
Lot
- Size: 0.27 Acres
- Dimensions: 60 x 200 appro x
- Features: Near Public Transit, Tree Coverage - Medium
Details
- Additional structures: Workshop, Storage Shed
- Foundation area: 624
- Parcel number: 3002923140037
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block, Frame
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minneapolis
- Subdivision: Eustis Park
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2025 | Sold | $540,000-3.6%$150/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6706545 Report a problem | ||
| 6/5/2025 | Pending sale | $559,900$155/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6706545 Report a problem | ||
| 5/22/2025 | Price change | $559,900-5.1%$155/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6706545 Report a problem | ||
| 5/1/2025 | Listed for sale | $589,900+20.4%$164/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6706545 Report a problem | ||
| 11/30/2023 | Sold | $490,000-9.1%$136/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6317005 Report a problem | ||
| 9/28/2023 | Pending sale | $539,000$149/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6317005 Report a problem | ||
| 4/26/2023 | Price change | $539,000-3.6%$149/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6317005 Report a problem | ||
| 4/12/2023 | Price change | $559,000-2.8%$155/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6317005 Report a problem | ||
| 3/1/2023 | Price change | $575,000-4%$159/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6317005 Report a problem | ||
| 1/12/2023 | Listed for sale | $599,000$166/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6317005 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,274 -2.7% | $453,900 +5.8% |
| 2024 | $6,451 +11.3% | $429,000 -6.3% |
| 2023 | $5,794 -7% | $458,000 +13.4% |
| 2022 | $6,228 -11.3% | $404,000 -2.2% |
| 2021 | $7,022 +9.6% | $413,000 -15% |
| 2020 | $6,406 -8.8% | $486,000 +10% |
| 2019 | $7,022 +9.6% | $442,000 +10% |
| 2018 | $6,406 +17.9% | $402,000 +13.9% |
| 2017 | $5,434 +1.3% | $353,000 +12.1% |
| 2016 | $5,362 +9.7% | $315,000 |
| 2015 | $4,887 -4.8% | $315,000 +10.5% |
| 2014 | $5,132 +3.7% | $285,000 |
| 2013 | $4,948 -3.1% | $285,000 -5% |
| 2012 | $5,108 -9.2% | $300,000 -11.8% |
| 2011 | $5,625 +20.5% | $340,000 +4.6% |
| 2010 | $4,668 -9.6% | $325,000 -7.9% |
| 2009 | $5,166 +120.6% | $353,000 +86.6% |
| 2006 | $2,342 +20.4% | $189,200 +21.4% |
| 2005 | $1,945 +16.1% | $155,900 +19.4% |
| 2004 | $1,675 +21.7% | $130,600 +16.8% |
| 2002 | $1,376 -47.8% | $111,800 |
| 2001 | $2,639 | -- |
Find assessor info on the county website
Neighborhood: Prospect Park
Nearby schools
GreatSchools rating
- 2/10Pratt Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 2/10Northeast Middle SchoolGrades: 6-8Distance: 3.7 mi
- 4/10Edison Senior High SchoolGrades: 9-12Distance: 3.4 mi
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Estimated market value
$540,000
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Estimated market value
$540,000
- Minnesota
- Hennepin County
- Minneapolis
- 55414
- Prospect Park
- 3135 4th St SE
Nearby cities
Nearby neighborhoods
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