Do not miss the opportunity to make this charming income producing 4plex yours. Priced to move, these four 1 bed 1 bath units always rent well, and are a great opportunity for long term rentals or could be fantastic for an airbnb. Units have hardwood floors and tons of natural light, and building has a newer boiler system. Located on Park Ave and Lake Street the property is a straight shot to downtown, and conveniently located near local shopping, restaurants, and the Midtown Greenway. There are 4 garages, and storages units, one for each apartment and laundry in the basement. There is plenty of opportunity for additional income on this property, there's an assumable loan, (reach out to listing agent for more details) and there's the possibility to house hack, at this price, it won't last long.
Active with contingency
Price cut: $9.1K (5/23)
$499,900
3025 Park Ave, Minneapolis, MN 55407
4beds
4baths
4,200sqft
Est.:
Quadruplex
Built in 1937
-- sqft lot
$488,500 Zestimate®
$119/sqft
$-- HOA
What's special
Hardwood floorsTons of natural light
- 63 days
- on Zillow |
- 277 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: June 13, 2025 at 04:41pm
Listed by:
Barbara Hoberg 612-418-1689,
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6710045

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Baseboard, Boiler
Features
- Basement: Full,Concrete,Unfinished
Interior area
- Total structure area: 4,200
- Total interior livable area: 4,200 sqft
- Finished area above ground: 2,800
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Detached
- Garage spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 4,791.6 Square Feet
- Dimensions: 40 x 119
- Features: Near Public Transit
Details
- Foundation area: 1400
- Parcel number: 0202824220031
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Stucco
Condition
- Age of Property: 88
- New construction: No
- Year built: 1937
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Chicago Lake Park Add
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $119/sqft
- Tax assessed value: $454,000
- Annual tax amount: $8,280
- Date on market: 4/26/2025
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