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  • $620,000

    4255 Minnehaha Ave, Minneapolis, MN 55406

    4beds
    4baths
    5,040sqft
    Fourplex
    Built in 1926
    -- sqft lot
    $627,700 Zestimate®
    $123/sqft
    $3,421 Estimated rent

    Home value

    $627,700

    $571,000 - $684,000

    $3,421/mo

    Zestimate® history
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    $3,421/mo

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    $3,974/mo

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    What's special

    Experience the original character of this gorgeous brownstone four plex! Modern and renovated kitchens and bathrooms, along with gorgeous hardwood floors throughout. Beautiful built-in hutch with glass doors and a large closet with French doors in each unit. Each unit is on its own utilities. Basement has new washer and dryer on bluetooth pay system. Property has four long term tenants and excellent rental history. On site caretaker handles maintenance and snow removal for adjusted rent. Wall unit A/C. Back courtyard with raised garden beds, and steps down to the garages and alley. Classic brownstone building with 4 one-bedroom units located on Minnehaha Avenue just 4 block north of Minnehaha Regional Park and the famous Minnehaha Falls and three blocks east of Hiawatha Avenue/Hwy 55, with direct access to downtown Minneapolis. The site has four garage stalls in the back with alley access. The units have original hardwood floors, classic woodwork and the dining room hutch that is common with the classic brownstone building. The kitchens and baths have been updated but still have the classic brownstone feel. Caretaker on site sees to keeping the property clean. Multiple long-term tenants with rents below market. One vacant unit for an owner occupant. Let the rents pay your mortgage.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kristi N Nemec 320-250-1848,

    RE/MAX Results

    Bought with:

    Michael Moe

    Keller Williams Classic Rlty NW

    Mason D Vitalis

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6658554MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Heating
    • Forced Air
    Appliances
    • Laundry: In Basement, Common Area, Lower Level
    Features
    • Basement: Block,Unfinished
    Interior area
    • Total structure area: 5,040
    • Total interior livable area: 5,040 sqft
    • Finished area above ground: 3,360
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 4
    • Parking features: Detached Garage, Multiple Garages, Shared Garage/Stall
    • Garage spaces: 4
    • Details: Garage Dimensions (15x34)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Fencing: Partial
    Lot
    • Size: 4,791 Square Feet
    • Dimensions: 40 x 117
    Details
    • Foundation area: 1680
    • Parcel number: 0702823420151

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Fourplex
    Materials
    • Block
    • Roof: Age Over 8 Years,Rubber
    Condition
    • New construction: No
    • Year built: 1926

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    Community
    • Subdivision: Minnehaha Terrace
    HOA
    • Amenities included: Common Garden
    Location
    • Region: Minneapolis

    Financial & listing details

    • Price per square foot: $123/sqft
    • Tax assessed value: $496,000
    • Annual tax amount: $7,854
    • Date on market: 2/7/2025
    • Cumulative days on market: 30 days
    • Tenant pays: Broadband, Cable TV, Electricity, Gas

    Price history

    DateEventPrice
    3/26/2025Sold$620,000-0.8%$123/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6658554 Report a problem
    3/7/2025Pending sale$625,000$124/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6658554 Report a problem
    2/18/2025Price change$625,000-1.6%$124/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6658554 Report a problem
    2/7/2025Listed for sale$635,000+9%$126/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6658554 Report a problem
    9/1/2023Sold$582,500+1.7%$116/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6411232 Report a problem
    8/17/2023Pending sale$572,500$114/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6411232 Report a problem
    8/2/2023Listed for sale$572,500$114/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6411232 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,730 +23.9%$496,000 -7%
    2024$7,854 -6.2%$533,500 +8.7%
    2023$8,375 -9.8%$491,000 -3%
    2022$9,290 -1.2%$506,000 -5.1%
    2021$9,406 +6%$533,000 -5%
    2020$8,873 -5.7%$561,000 +15%
    2019$9,406 +6%$488,000 +18%
    2018$8,873 +26.3%$413,500 +21.1%
    2017$7,027 +5.4%$341,500 +5.1%
    2016$6,667 +6.1%$325,000 +21.3%
    2015$6,285 +15.6%$268,000
    2014$5,438 -7.6%$268,000
    2013$5,886 -7.4%$268,000 -9.9%
    2012$6,359 +2.1%$297,500 -2.6%
    2011$6,229 -2.6%$305,500 -15%
    2010$6,398 -4.8%$359,500 -3.7%
    2009$6,721 +10.7%$373,500 +7.3%
    2006$6,071 -2.5%$348,000 +2.8%
    2005$6,227 -7%$338,500
    2004$6,693 +7.4%$338,500 +29.9%
    2002$6,234 -50%$260,500
    2001$12,461 --
    Find assessor info on the county website

    Neighborhood: Hiawatha

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $627,700
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $627,700