1537 East 38th Street

Minneapolis, MN 55407

$470,000
Price
—
Beds
864 Sq. Ft.
$544 / Sq. Ft.
864
Sq. Ft.
$544
per Sq. Ft.

Description

Prime Investment Opportunity to Flip or Hold. Some Finishing Needed. This Unique Quadplex Offers a Fantastic Opportunity for Both Investors and Owner-Occupants Alike with One Unit Move-In Ready & A Second Unit at 90% Completion. The Additional Two Units Are a Blank Slate Waiting for Your Finishing Touches. It is Situated on a Double Lot for Ample Off Street Parking or The Space to Build Garages, Boasts New Plumbing, 4 New 75,000 BTU Boilers, 4 New High Capacity Water Heaters, 4 New Pressure Tanks,...Prime Investment Opportunity to Flip or Hold. Some Finishing Needed. This Unique Quadplex Offers a Fantastic Opportunity for Both Investors and Owner-Occupants Alike with One Unit Move-In Ready & A Second Unit at 90% Completion. The Additional Two Units Are a Blank Slate Waiting for Your Finishing Touches. It is Situated on a Double Lot for Ample Off Street Parking or The Space to Build Garages, Boasts New Plumbing, 4 New 75,000 BTU Boilers, 4 New High Capacity Water Heaters, 4 New Pressure Tanks, Updated Water Main Per City Requirement, Updated Electric, 4 Updated Split Meters, New Chimney Liner, Vinyl Windows Throughout (Basement Windows are New) , As An Equity Builder, A Full Un-Finished Basement With 4 Individual Storage Units & Laundry Hook-Ups Available. All Conveniently Located On a Bus Line, Near Parks & The Lakes, Restaurants, Shopping and Easy Access to the Freeway System, This Property is a Must-See!
  1. Listed by Homes Plus Realty

Property Details for 1537 East 38th Street

Neighborhood
Bancroft
Subdivision Name
Monroe Bros Sub Of Lts Herrick Haml
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 01/02/2025 10:37 AM

Property Details for 1537 East 38th Street

StatusActive
MLS #6639126
Days on Compass3
Taxes$6,306 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1911
Lot Size0.14 AC / 6,098 SF
CountyHennepin County

Building Information for 1537 East 38th Street

Stories-Residences4Year Built1911Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 1537 East 38th Street

Summary
Location and General Information
  • City Name: Minneapolis
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: From Hwy 62, Go North on Cedar to E 38th St, Go Left or West to Building
  • Latitude: 44.933846
  • Longitude: -93.251635
  • Map Coordinate: 120-E1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Minneapolis
  • City and Location Text: Minneapolis(MN)
  • Postal Code: 55407
  • State Or Province: MN
  • Public Survey Township: 28
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 1102824110068
  • Tax Annual Amount: $6,306.00
  • Tax Legal Description: BLOCK 004 MONROE BROS SUBD OF LOTS HERRICK HAML THAT PART OF LOTS 1 2 AND 3 LYING W OF E 78 FT THEREOF LOTS 1 2 AND 3
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2024
  • Tax With Assessments: 6306.0000
School Information
  • High School District: 1 - Minneapolis
  • School District Number: 1
  • School District Phone: 612-668-0000
Property
Lot Information
  • Above Grade Fin SQFT: 864.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 864.0
  • Lot Features: Public Transit (w/in 6 blks)
  • Lot Size Area: 0.14
  • Lot Size Dimensions: 0x0x0x0
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • SQFT Main Total: 1728.0000
  • Building Area Total: 3456.0
  • Above Grade SqFt Total: 3456.0000
  • Below Grade SqFt Total: 0.0000
Property and Assessments
  • Age Of Property: 114
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1728.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street
  • Roof: Rolled/Hot Mop, Flat
Interior Features
  • Basement Type: Full, Storage/Locker, Unfinished
  • DP Resource: Y
  • Heating: Boiler
  • Levels: Two
  • Number of Refrigerator: One
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Amenities: Center Hall Plan,Porch
  • Unit Appl: Microwave,Range
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Fireplace Num: 0
  • Unit Rooms Total: 5
  • Unit SqFt: 864
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 4
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 0

Property History for 1537 East 38th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1537 East 38th Street

Taxable ValueLand$86,300Additions$308,700Total$395,000
Tax Record2023$6,306 ($526 / month)
Home Facts
Total Finished SqFt3,456 SqFtAbove Grade Finished SqFt3,456 SqFtStories2Lot Size6,098 SqFtStyleMulti-Family Res (5+ Units)Year Built1911ZoningC1CountyHENNEPINAPN11-028-24-11-0068

Schools near 1537 East 38th Street

This home is within Minneapolis Public School Dist..
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Bancroft Elementary School
PublicPK to 5

Andersen Community
PublicPK to 8

South Senior High School
Public9 to 12

Folwell Arts Magnet
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1537 East 38th Street is a multi-family home for sale in Minneapolis, MN 55407. This property was listed for sale on December 30, 2024 by Homes Plus Realty, it's currently listed at $470,000. It has been on the market for a total of 3 days and was last sold on July 14, 2023. This listing's school district is Minneapolis Public School Dist.. Nearby schools include Bancroft Elementary School, Andersen Community and South Senior High School. 1537 East 38th Street is a 0-bed, 0-bath, 864 sqft multi-family home built in 1911.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Homes Plus Realty

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 01/02/2025 10:37 AM