Price Reduction
Address
3921 Thomas Avenue N, Minneapolis, MN
Price
$ 559,000
Property Attributes
  • ID#6545148
  • TypeMulti-Family
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaThorpe Bros William Penn Add
  • NeighborhoodThorpe Bros William Penn Add
  • Zip55412
  • StyleQuadruplex
  • Year Built1928
  • Taxes$ 5400
  • Price$ 559,000
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2913
  • Lot Size0.12 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description

Welcome to 3921 Thomas! Just blocks from the beautiful Victory & Theodore Wirth Parkway, this rare 4plex was completely remodeled in 2020. It is being offered fully furnished so that the new owner can walk right into a profitable Mid-Term rental business. The current owners are advocates for real estate stewardship and will be happy to consult the next buyer on managing the mid-term rentals. In the 4plex you will find original charm and character combined with intentional design. A classic 4 by 4 layout with shared stairwells ensure the units privacy and enjoyment. To top it all off this 4plex boasts 3 garage stalls perfect for tenant or guest parking. Live in one unit and rent the other units to cover all your living expenses or lease up the building for immediate cashflow. Be sure to check out this wonderful 4plex today! See Matterport walkthrough Unit 1&2 (lower): 1bed/1bath Unit 2&3 (upper): 2bed/1bath

Price History
5/30/2024 Listed $669,000
6/7/2024 8% - $619,000
6/10/2024 7% - $579,000
6/18/2024 4% - $559,000

General Features

Sewer City Sewer/Connected
Heating Hot Water
Garage Spaces 3
Construction Materials Vinyl Siding
Year Built 1928
Electric 150 Amp Service,200+ Amp Service
Levels Two
Property SubType Quadruplex
Tax Year 2023
Gross Income 61344
Accessibility None
County Hennepin
New Construction No
Property Type Residential Income
Contingency None
Subdivision Name Thorpe Bros William Penn Add
Directions Located on Thomas
City Minneapolis
Buyer Agent Compensation 2.70
High School District Minneapolis
NumberOfUnitsTotal 4
Lot Size Units Acres
Land Lease Y/N No
Tax Annual Amount 5400
Additional Parcels Y/N No
Virtual Tour https://my.matterport.com/show/?m=NFp9KBCGtSf&mls=1
Days on Market 19
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
PostalCity Minneapolis

Interior Features

Basement Unfinished
Basement (Y/N) Yes
Above Grade Finished Area 2913
Fuel Natural Gas

Exterior Features

Water Source City Water/Connected
Lot Size Area 0.12
Lot Dimensions 126x40
Foundation Area 1456

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 55412

Price
AVG $310K
$560K
Taxes
AVG $3,273
$5,400
Visits
AVG 256
102
Data Provided by Inside Real Estate®
Year Built
AVG 1913
1928

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