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  • Price cut: $16K (5/8)
    $649,000

    5101 56th Ave N, Minneapolis, MN 55429

    8beds
    4baths
    3,472sqft
    : 
    $4,124/mo
    Get pre-qualified
    Fourplex
    Built in 1960
    -- sqft lot
    $645,600 Zestimate®
    $187/sqft
    $-- HOA

    What's special

    Ample off street parkingCoin operated laundry
    Terrific opportunity to own a 4-plex in an area where they rarely hit the market. This solid, turn-key building offers 4 identical units – each of which is 2 bedrooms, 1 bath, and 742 SF. This gem is located on a 13K SF lot – [yes….a lot that is over 13,000 SF] – and literally just steps to Twin Oaks Park. Recent updates include 4 brand new furnaces, 4 brand new hot water heaters, a new roof in 2023 and numerous appliances in various units. All units have their own furnace and central A/C unit [no window A/C units here] Add’l revenue streams include coin operated laundry and 2 garage stalls. There is ample off street parking in addn to the garages. Located on a bus line – this property is located 4/10 of a mile from Twin Lakes, and 8/10 of a mile from the MAC Wildlife Area. One unit is intentionally vacant for a potential owner occupant. Easy access to Highways 100, 694, and 94.
    145 days
    |
    289
    |
    23
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    Zillow last checked:

    Listing updated:

    Listed by:

    Clay Lowen 612-360-8333,

    BRIX Real Estate

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7028972MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      Heating
      • Forced Air
      Appliances
      • Laundry: Common Area, Lower Level, Laundry Room, Coin-op Laundry Owned
      Features
      • Basement: Daylight,Finished
      Interior area
      • Total structure area: 3,472
      • Total interior livable area: 3,472 sqft
      • Finished area above ground: 1,736
      • Finished area below ground: 1,736

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached Garage, Parking Lot
      • Garage spaces: 2
      • Details: Garage Dimensions (24x24)
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Multi/Split
      • Patio & porch: Patio
      • Pool features: None
      • Fencing: Partial
      Lot
      • Size: 0.3 Acres
      • Dimensions: 176 x 74
      • Features: Corner Lot
      Details
      • Foundation area: 1736
      • Parcel number: 0411821430066
      • Zoning description: Residential-Multi-Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Fourplex
      Materials
      • Block
      • Roof: Age 8 Years or Less
      Condition
      • New construction: No
      • Year built: 1960

      Utilities & green energy

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

      Community & HOA

      Community
      • Subdivision: Twin Oak Terrace
      HOA
      • Amenities included: Coin-op Laundry Owned, Patio, Security Building
      Location
      • Region: Minneapolis

      Financial & listing details

      • Price per square foot: $187/sqft
      • Annual tax amount: $10,426
      • Date on market: 3/2/2026
      • Cumulative days on market: 199 days
      • Tenant pays: Cable TV, Gas, Other

        Estimated market value

        $645,600

        $613,000 - $678,000

        $1,644/mo

        Price history

        DateEventPrice
        7/1/2026Listed for sale$649,000$187/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7028972 Report a problem
        6/19/2026Pending sale$649,000$187/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7028972 Report a problem
        5/8/2026Price change$649,000-2.4%$187/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7028972 Report a problem
        3/2/2026Listed for sale$665,000+4.7%$192/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7028972 Report a problem
        12/2/2025Listing removed$635,000$183/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6793457 Report a problem
        10/10/2025Price change$635,000-2.2%$183/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6793457 Report a problem
        9/26/2025Listed for sale$649,000+14.9%$187/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6793457 Report a problem
        5/8/2023Sold$565,000+5.6%$163/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6327254 Report a problem
        2/13/2023Pending sale$535,000$154/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6327254 Report a problem
        2/6/2023Listing removed--
        Source: NorthstarMLS as distributed by MLS GRID #6327254 Report a problem
        1/31/2023Listed for sale$535,000$154/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6327254 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 55429

        Getting around

        55 / 100
        Somewhat Walkable
        27 / 100
        Some Transit
        43 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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