An excellent investment opportunity awaits with this well-maintained four-unit property in the sought-after Hiawatha Neighborhood, close to Minnehaha Falls. This 4-plex consists of four 2-bedroom units, each having oak hardwood floors, wall-mounted air conditioning units, dishwashers, as well as updated bathrooms and windows throughout.
The property features separate hot water heating systems and updated electrical panels for each unit. Full basement offers additional storage space and two sets of coin operated laundry machines for tenants.
Situated on an extra-deep lot, the property provides off-street parking. Its prime location is near the Mississippi River, offering access to scenic biking and jogging trails, light rail transit, shopping, restaurants, and convenient freeway access.
Active
Price cut: $5.1K (7/14)
$639,900
4348 Minnehaha Ave, Minneapolis, MN 55406
8beds
4baths
2,912sqft
:
Get pre-qualified$4,065/mo
Fourplex
Built in 1929
-- sqft lot
$-- Zestimate®
$220/sqft
$-- HOA
What's special
Oak hardwood floorsExtra-deep lotUpdated electrical panelsOff-street parkingUpdated bathroomsWall-mounted air conditioning units
- 155 days |
- 444 |
- 30 |
Zillow last checked:
Listing updated:
Listed by:
Christian Knudson 612-387-1493,
Coldwell Banker Realty - Lakes,
Christopher J Carrow 612-802-5592
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6698823
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Boiler
Appliances
- Laundry: In Basement, Common Area, Coin-op Laundry Owned
Features
- Basement: Daylight,Full,Unfinished
Interior area
- Total structure area: 4,368
- Total interior livable area: 2,912 sqft
- Finished area above ground: 2,912
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, Unassigned
Accessibility
- Accessibility features: No Stairs External
Features
- Levels: Two
- Fencing: None
Lot
- Size: 7,840 Square Feet
- Dimensions: 48 x 164
- Features: Near Public Transit
Details
- Foundation area: 1456
- Parcel number: 0702823420001
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Materials
- Roof: Age Over 8 Years
Condition
- New construction: No
- Year built: 1929
Utilities & green energy
- Electric: Circuit Breakers, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: A Oddens Add
HOA
- Amenities included: Coin-op Laundry Owned
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $220/sqft
- Tax assessed value: $572,000
- Annual tax amount: $11,216
- Date on market: 2/17/2026
- Cumulative days on market: 135 days
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Price change | $639,900-0.8%$220/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6698823 Report a problem | ||
| 4/15/2026 | Price change | $645,000-2.1%$221/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6698823 Report a problem | ||
| 2/17/2026 | Listed for sale | $659,000$226/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6698823 Report a problem | ||
| 8/18/2025 | Listing removed | $659,000$226/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6698823 Report a problem | ||
| 6/10/2025 | Price change | $659,000-2.9%$226/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6698823 Report a problem | ||
| 4/14/2025 | Listed for sale | $679,000+13.5%$233/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6698823 Report a problem | ||
| 1/13/2021 | Sold | $598,500-2.7%$206/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5641482 Report a problem | ||
| 11/2/2020 | Pending sale | $614,900$211/sqft |
Source: Shift Real Estate #5641482 Report a problem | ||
| 9/14/2020 | Price change | $614,900-3.8%$211/sqft |
Source: Shift Real Estate #5641482 Report a problem | ||
| 8/28/2020 | Listed for sale | $639,000+77.5%$219/sqft |
Source: Shift Real Estate #5641482 Report a problem | ||
| 4/26/2002 | Sold | $360,000+73.1%$124/sqft |
Source: Public Record Report a problem | ||
| 11/2/1999 | Sold | $208,000+108%$71/sqft |
Source: Public Record Report a problem | ||
| 11/21/1997 | Sold | $100,000$34/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,544 +5.8% | $572,000 -7% |
| 2024 | $10,911 +10.3% | $615,000 -7% |
| 2023 | $9,892 +5.5% | $661,000 +11.5% |
| 2022 | $9,378 -2.1% | $592,900 +11.7% |
| 2021 | $9,579 +5.8% | $531,000 -4.9% |
| 2020 | $9,050 -5.5% | $558,500 +15% |
| 2019 | $9,579 +5.8% | $485,500 +18% |
| 2018 | $9,050 +25.1% | $411,500 +20.9% |
| 2017 | $7,232 +5% | $340,500 +5% |
| 2016 | $6,887 +9.8% | $324,300 +25.5% |
| 2015 | $6,271 +19.6% | $258,500 |
| 2014 | $5,245 -7.6% | $258,500 |
| 2013 | $5,677 -7.5% | $258,500 -9.9% |
| 2012 | $6,135 -0.4% | $287,000 -5% |
| 2011 | $6,157 -2.7% | $302,000 -15% |
| 2010 | $6,326 -16% | $355,500 -15.1% |
| 2009 | $7,530 +10.5% | $418,500 +7.2% |
| 2006 | $6,812 +1.6% | $390,500 +7.1% |
| 2005 | $6,705 -5% | $364,500 +2.1% |
| 2004 | $7,060 +7.5% | $357,000 +30.1% |
| 2002 | $6,569 -34.9% | $274,500 |
| 2001 | $10,084 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Hiawatha
Nearby schools
GreatSchools rating
- NAHiawatha Elementary SchoolGrades: K-2Distance: 0.4 mi
- 6/10Sanford Middle SchoolGrades: 6-8Distance: 1.1 mi
- NARoosevelt High School - SwsGrades: 9-12Distance: 0.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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