This cash-flowing 4-plex located in South Central Minneapolis presents an exceptional opportunity to expand your portfolio.
Unit #3 is MTM and would be a great opportunity for an owner-occupant investor with almost all of the utilities being charged back to the tenants!
Large yard & parking lot with lots of extra storage available.
2/4 units are 4D program participants which reduces the property taxes by up to an estimated 40% (up to 80% if the new owner registers all 4 units in the program!)
With a limited number of 3-bedroom units available for rent in this area, you'll have strong rental demand and renters who want to stay long-term.
Closed
$695,000
3835 5th Ave S, Minneapolis, MN 55409
12beds
4baths
4,576sqft
Quadruplex
Built in 1916
-- sqft lot
$-- Zestimate®
$152/sqft
$3,077 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,077/mo
Zestimate® history
Owner options
List your home for rent
$3,077/mo
Rent Zestimate®
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$3,077/mo
Rent Zestimate®
Refinance and save
$4,427/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,427/mo
Est. payment
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List your homeWhat's special
Large yardParking lot
Zillow last checked:
Listing updated:
Listed by:
Nathan Schammel 651-955-4255,
MRG Realty Partners, LLC
Bought with:
Bryon Andrews
BRIX Real Estate
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6616316
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
Heating
- Boiler
Appliances
- Laundry: In Basement, Common Area
Features
- Has basement: No
Interior area
- Total structure area: 4,576
- Total interior livable area: 4,576 sqft
- Finished area above ground: 4,576
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
- Details: Garage Dimensions (0), Garage Door Height (0), Garage Door Width (0)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Fencing: Chain Link
Lot
- Size: 9,147 sqft
- Dimensions: 75 x 122
Details
- Foundation area: 2288
- Parcel number: 1002824110233
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Foundation: Brick/Mortar
- Roof: Flat
Condition
- New construction: No
- Year built: 1916
Utilities & green energy
- Electric: 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minneapolis
- Subdivision: Fifth Ave Add
Price history
| Date | Event | Price |
|---|---|---|
| 11/18/2024 | Sold | $695,000+6.9%$152/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6616316 Report a problem | ||
| 10/18/2024 | Pending sale | $650,000$142/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6616316 Report a problem | ||
| 10/12/2024 | Listed for sale | $650,000+30%$142/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6616316 Report a problem | ||
| 11/6/2019 | Sold | $500,000$109/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5319351 Report a problem | ||
| 10/8/2019 | Listed for sale | $500,000+31.5%$109/sqft |
Source: Piche & Associates Real Estate #5319351 Report a problem | ||
| 12/21/2015 | Sold | $380,252+3702.5%$83/sqft |
Source: Public Record Report a problem | ||
| 11/8/1996 | Sold | $10,000$2/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,245 -13.9% | $569,000 |
| 2024 | $7,257 -28.1% | $569,000 -7.9% |
| 2023 | $10,091 +16% | $618,000 -1.4% |
| 2022 | $8,698 +4% | $626,800 +22.4% |
| 2021 | $8,364 +1.7% | $512,000 |
| 2020 | $8,228 -1.6% | $512,000 +10% |
| 2019 | $8,364 +1.7% | $465,500 +12% |
| 2018 | $8,228 +19.3% | $415,500 +32.1% |
| 2017 | $6,897 +8.6% | $314,500 |
| 2016 | $6,351 +4.4% | $314,500 +21.7% |
| 2015 | $6,081 +15.9% | $258,500 +12.6% |
| 2014 | $5,245 +4% | $229,500 |
| 2013 | $5,041 -7.5% | $229,500 -10% |
| 2012 | $5,451 +4.8% | $255,000 |
| 2011 | $5,200 +9.2% | $255,000 -4.7% |
| 2010 | $4,760 -10.9% | $267,500 -9.9% |
| 2009 | $5,344 -1.2% | $297,000 +2.8% |
| 2006 | $5,410 +1.7% | $289,000 +7.8% |
| 2005 | $5,321 -9.5% | $268,000 |
| 2004 | $5,879 | $268,000 |
Find assessor info on the county website
Neighborhood: Bryant
Nearby schools
GreatSchools rating
- NABarton Open Elementary SchoolGrades: K-8Distance: 1.2 mi
- 8/10Washburn Senior High SchoolGrades: 9-12Distance: 1.5 mi
- 7/10Justice Page Middle SchoolGrades: 6-8Distance: 1.5 mi
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- Minnesota
- Hennepin County
- Minneapolis
- 55409
- Bryant
- 3835 5th Ave S
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