See all 37 photos
37 photos
Additional details
$495,900
Est. payment /mo
8 Beds
4 Baths
4,584 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,584 sqft
Price per Sqft $108
Subdivision Perkins Add
MLS Listing ID 6723443
Style (MF) Four Plex
Bedrooms 8
Year Built 1912
Annual Tax Amount $2,237
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50x122
Property Description
Discover a rare opportunity to own a well-maintained 4-unit investment property that has been lovingly cared for by the same family since 1985. Tucked away on a quiet street in the sought-after Corcoran neighborhood, this property offers the charm of residential living with quick access to Lake Street shops, restaurants, and Light Rail transit.
Each unit has seen thoughtful updates over the years, including:
Four new water heaters (2020)
Four new forced air furnaces (2020)
Modernized kitchens and bathrooms in three of the four units
In addition to its excellent condition, this property offers multiple value-add opportunities for the next owner in order to optimize rents.
The property is also enrolled in the 4D Affordable Housing Incentive Program, providing significantly reduced property taxes through 2029 — a major boost to your cash-flow.
Whether you're looking to live in one unit and rent the others or add a reliable asset to your investment portfolio, this property delivers flexibility, future upside, and enduring neighborhood appeal.
Each unit has seen thoughtful updates over the years, including:
Four new water heaters (2020)
Four new forced air furnaces (2020)
Modernized kitchens and bathrooms in three of the four units
In addition to its excellent condition, this property offers multiple value-add opportunities for the next owner in order to optimize rents.
The property is also enrolled in the 4D Affordable Housing Incentive Program, providing significantly reduced property taxes through 2029 — a major boost to your cash-flow.
Whether you're looking to live in one unit and rent the others or add a reliable asset to your investment portfolio, this property delivers flexibility, future upside, and enduring neighborhood appeal.
Location
State MN
County Hennepin
Community Perkins Add
Direction From Lake St, go South on 21st Ave S. Go East on 32nd ST. Go South on 23rd. Property is on the right.
Rooms
Basement Full, Storage Space, Unfinished
Interior
Heating Forced Air
Laundry Common Area
Exterior
Roof Type Flat,Rubber
Accessibility None
Porch Front Porch
Building
Water City Water/Connected
Architectural Style (MF) Four Plex
Others
Senior Community No
Tax ID 0102824240057
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