Incredible Investment Opportunity in the Historic Marcy Holmes neighborhood this classic charmer exudes character & features a double lot perfect for expansion. The main floor features one bedroom w/room for bath, spacious living, dining & kitchen, tall ceilings & original woodwork. Upstairs, 4 more bedrooms, remodeled bath, kitchenette & separate entrance with potential to convert to a duplex. Possibility of rezoning for multifamily use & adding multi-unit on the expanded double lot. Cash is king in this deal & being sold as-is. No repairs will be made offering a clean slate for investors to craft their vision. Featuring newer radiator heating & a kitchen on both levels, the property is primed for multi-family living. The basement, with a plumbed bathroom, presents an opportunity for a basement remodel, adding value. This property is located in a prime location walking distance to the Mississippi River, restaurants, dinkytown and close to U of M. This is an incredible prospect.
Closed
$275,000
514 4th Ave SE, Minneapolis, MN 55414
4beds
1,874sqft
Single Family Residence
Built in 1926
7,405 Square Feet Lot
$459,700 Zestimate®
$147/sqft
$2,587 Estimated rent
Home value
$459,700
$418,000 - $506,000
$2,587/mo
Zestimate® history
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List your homeWhat's special
Separate entrancePlumbed bathroomRemodeled bathTall ceilingsSpacious livingClassic charmerHistoric marcy holmes neighborhood
Zillow last checked:
Listing updated:
Listed by:
Leobardo Sandoval 612-816-8046,
eXp Realty,
Lindsey Jo Sandoval 405-922-1153
Bought with:
David Thomas Lee
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6449953
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/4 bathrooms: 1
Other
- Level: Basement
Heating
- Radiator
Cooling
- Window Unit(s)
Features
- Basement: Block,Concrete
- Has fireplace: No
Interior area
- Total structure area: 1,874
- Total interior livable area: 1,874 sqft
- Finished area above ground: 1,874
- Finished area below ground: 0
Property
Parking
- Parking features: Concrete, Open
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Stair Lift, Accessible Approach with Ramp
Features
- Levels: One and One Half
- Stories: 1.5
Lot
- Size: 7,405 Square Feet
- Dimensions: 123 x 55
Details
- Foundation area: 986
- Parcel number: 2302924140009
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
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: Mill Cos Add To St Anthony Falls
HOA
- Has HOA: No
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $147/sqft
- Tax assessed value: $367,800
- Annual tax amount: $4,517
- Date on market: 10/20/2023
- Cumulative days on market: 41 days
Price history
| Date | Event | Price |
|---|---|---|
| 12/6/2023 | Sold | $275,000$147/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6449953 Report a problem | ||
| 11/28/2023 | Pending sale | $275,000$147/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6449953 Report a problem | ||
| 10/25/2023 | Price change | $275,000-14.1%$147/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6449953 Report a problem | ||
| 10/20/2023 | Listed for sale | $320,000$171/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6449953 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,179 +13.8% | $367,800 +1.9% |
| 2024 | $4,552 +0.8% | $361,000 -4.7% |
| 2023 | $4,517 -5.7% | $379,000 +1.3% |
| 2022 | $4,787 +3.7% | $374,000 -0.5% |
| 2021 | $4,615 -7.7% | $376,000 +0.1% |
| 2020 | $5,001 +8.4% | $375,500 |
| 2019 | $4,615 -7.7% | $375,500 |
| 2018 | $5,001 -1.1% | $375,500 +30.8% |
| 2017 | $5,057 +18.5% | $287,000 +15% |
| 2016 | $4,266 +13.3% | $249,500 |
| 2015 | $3,765 -4.8% | $249,500 +9.9% |
| 2014 | $3,953 +12% | $227,000 +7.1% |
| 2013 | $3,529 -3.3% | $212,000 -4.9% |
| 2012 | $3,650 -3% | $223,000 -4.9% |
| 2011 | $3,764 +15.3% | $234,500 |
| 2010 | $3,265 -11.6% | $234,500 -9.5% |
| 2009 | $3,695 +67.2% | $259,200 +52% |
| 2006 | $2,210 +11.4% | $170,500 +15% |
| 2005 | $1,983 +11.9% | $148,300 +17.4% |
| 2004 | $1,772 +21.1% | $126,300 +18.3% |
| 2002 | $1,463 -48.1% | $106,800 |
| 2001 | $2,817 | -- |
Find assessor info on the county website
Neighborhood: Marcy Holmes
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Nearby schools
GreatSchools rating
- 2/10Webster ElementaryGrades: PK-5Distance: 0.6 mi
- 2/10Northeast Middle SchoolGrades: 6-8Distance: 2.5 mi
- 4/10Edison Senior High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$459,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$459,700
- Minnesota
- Hennepin County
- Minneapolis
- 55414
- Marcy Holmes
- 514 4th Ave SE
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