6221 W Lake St

St. Louis Park, MN 55416

$640,000
Price
Beds
Baths
3,090 Sq. Ft.
$207 / Sq. Ft.
3,090
Sq. Ft.
$207
per Sq. Ft.

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 – the fourth unit is currently vacant, accommodating potential owner-occupancy. There is excellent potential for value-add improvements, including updating the kitchens and bathrooms,...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 – 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. Don’t miss out on this rare investment opportunity—schedule your showing today!

Listing Agent

  1. Paul Begich

    Paul Begich

    Listing Agent

    Compass

    paul.begich@compass.com

    P: (952)-847-3406

Property Details for 6221 West Lake Street

Subdivision Name
Auditors Sub 378
LISTING UPDATED: 03/20/2025 05:04 AM

Property Details for 6221 West Lake Street

StatusActive
MLS #6685957
Days on Compass9
Taxes$7,906 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1948
Lot Size0.09 AC / 3,920 SF
CountyHennepin County

Building Information for 6221 West Lake Street

Stories-Residences4Year Built1948Building Size-Lot Size0.09 AC / 3,920 SF

Property Information for 6221 West Lake Street

Summary
Location and General Information
  • City Name: Saint Louis Park
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: North on Highway 100, exit to Minnetonka Blvd. and take a left, left on W. Lake Street
  • Latitude: 44.942715
  • Longitude: -93.358452
  • Map Coordinate: 119-E1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Minneapolis
  • City and Location Text: Minneapolis(MN)
  • Postal Code: 55416
  • State Or Province: MN
  • Public Survey Township: 117
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 1611721230002
  • Tax Annual Amount: $7,906.00
  • Tax Legal Description: LOT 002 AUDITOR'S SUBD. NO. 378 SWLY 46 FT
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 7906.0000
School Information
  • High School District: 283 - St. Louis Park
  • School District Number: 283
  • School District Phone: 952-928-6000
Property
Lot Information
  • Above Grade Fin SQFT: 3090.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 3090.0
  • Lot Size Area: 0.09
  • Lot Size Dimensions: 46' x 91'
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • SQFT Main Total: 1545.0000
  • Building Area Total: 3090.0
  • Above Grade SqFt Total: 3090.0000
  • Below Grade SqFt Total: 0.0000
Property and Assessments
  • Age Of Property: 77
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1545.0
  • Fuel: Natural Gas
Interior Features
  • Basement Type: Block
  • DP Resource: Y
  • Heating: Forced Air
  • Levels: Two
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Rooms Total: 5
  • Unit SqFt: 700
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Type Total Rent: 0
  • Unit Furnished: No
Unit 2
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Rooms Total: 5
  • Unit SqFt: 700
  • Unit Type Actual Rent: $875.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Type Total Rent: 10500
  • Unit Furnished: No
Unit 3
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Rooms Total: 5
  • Unit SqFt: 700
  • Unit Type Actual Rent: $875.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Type Total Rent: 10500
  • Unit Furnished: No
Unit 4
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Rooms Total: 5
  • Unit SqFt: 700
  • Unit Type Actual Rent: $875.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Type Total Rent: 10500
  • Unit Furnished: No

Property History for 6221 West Lake 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 6221 West Lake Street

Taxable ValueLand$98,000Additions$362,000Total$460,000
Tax Record2023$7,484 ($624 / month)
Home Facts
Total Finished SqFt4,635 SqFtAbove Grade Finished SqFt4,635 SqFtStories2Lot Size3,920 SqFtStyleMulti-Family Res (5+ Units)Year Built1948CountyHENNEPINAPN16-117-21-23-0002

Schools near 6221 West Lake Street

This home is within St. Louis Park Public School Dist..
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Peter Hobart Elementary School
PublicK to 5

St. Louis Park Middle School
Public6 to 8

St. Louis Park Senior High School
Public9 to 12

Park Virtual - High School
Public9 to 12

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.

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6221 West Lake Street is a multi-family home for sale in St. Louis Park, MN 55416. This property was listed for sale on March 17, 2025 by Compass, it's currently listed at $640,000. This listing's school district is St. Louis Park Public School Dist.. Nearby schools include Peter Hobart Elementary School, St. Louis Park Middle School and St. Louis Park Senior High School. 6221 West Lake Street is a 0-bed, 0-bath, 3,090 sqft multi-family home built in 1948.

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.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 03/29/2025 04:26 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.