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$495,900
Est. payment /mo
3,056 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,056 sqft
Price per Sqft $162
Subdivision Perkins Add
MLS Listing ID 6723443
Year Built 1912
Annual Tax Amount $1,941
Tax Year 2025
Contingent None
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50x122
Property Sub-Type Quadruplex
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
Zoning Residential-Multi-Family
Rooms
Basement Full, Storage Space, Unfinished
Interior
Heating Forced Air
Fireplace No
Exterior
Fence Chain Link
Roof Type Flat,Rubber
Building
Story Two
Foundation 1528
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Stucco
New Construction false
Schools
School District Minneapolis
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Listed by John Stiles • First Select