For Sale: Saint Louis Park MLS# 6685957
Active
$640,000
Multi-family: Four Plex
Built 1948
3,090 sqft • 0.09 acres
St. Louis Park schools
MLS# 6685957
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Property Description
Discover this rare four-plex gem in the heart of St. Louis Park, just off W. Lake Street! This well-maintained property has been lovingly cared for by its long-time owner. The building features four spacious 1-bedroom units, three of which are currently leased at $875/month, with leases in place through September 2025 â?? the fourth unit is currently vacant, accommodating potential owner-occupancy. There is excellent potential for value-add improvements, including updating the kitchens and bathrooms, and increasing rents to reflect current market rates. Take advantage of low-down payment financing and the opportunity for long-term appreciation in this prime location! A standout feature of this property is the presence of four individual furnaces (as opposed to a shared boiler), allowing tenants to pay their own gas and heat bills. Donâ??t miss out on this rare investment opportunityâ??schedule your showing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$640,000
Price per sq ft:
$207
Property Type:
Multi-family
City:
Saint Louis Park
Garage Spaces:
0
County:
Hennepin
Year Built:
1948
State:
MN
Property Style:
Four Plex
Zip Code:
55416
Subdivision Name:
Auditors Sub 378
Interior
Finished Area:
3,090 ft2
Living Area:
3,090 ft2
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,545 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Exterior Material:
- Brick/Stone
- Stucco
Lot & Land
Acres:
0.09
Geolocation:
44.942715, -93.358452
Lot Dimensions:
46' x 91'
Schools
School District:
283
District Phone:
952-928-6000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,906
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,906
Income
Annual Gross Income:
None
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Compass.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.