1107 57th AVE N Brooklyn Center, MN 55430
UPDATED:
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
-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
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