1107 57th AVE N new Save Request In-Person Tour Request Virtual Tour
Brooklyn Center,MN 55430
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $191
MLS Listing ID 6807486
Year Built 1963
Annual Tax Amount $10,389
Tax Year 2025
Contingent None
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 102x136
Property Sub-Type Quadruplex
Property Description
24 hr notice to show. Well-maintained property offers an excellent opportunity for a new or growing investor to step into a cash-flowing asset.
-Three units occupied w/market-rate tenants and a lease is pending on the fourth. Two units have been updated.
-4 furnaces-CenterPoint Energy has quoted approx. $2,500 to separate gas meters, allowing future heat costs to be shifted to tenants, further increasing net income.
-E-Z access to I-94, Hwy 100, and I-694, and public transit routes-high rental demand area. Street has an expanded pedestrian path leading to a regional park and the Mississippi River — approx. a 15-minute walk.
-Coin-op laundry on inactive third-party contract —new owner can take over machines and capture 100% of income.
-Detached garage provides another revenue opportunity if rented separately. Property has been professionally managed and would be suitable for either passive ownership or self-management.
**Listing agent holds an ownership interest in the property.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Other
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached,Asphalt,Garage Door Opener,Parking Lot,Paved
Garage Spaces 4.0
Fence Chain Link,Partial
Roof Type Age Over 8 Years,Asphalt
Building
Lot Description Public Transit (w/in 6 blks),Many Trees
Story Split Entry (Bi-Level)
Foundation 1700
Sewer City Sewer - In Street
Water City Water/Connected,City Water - In Street
Level or Stories Split Entry (Bi-Level)
Structure Type Stucco
New Construction false
Schools
School District Brooklyn Center