Property Listing
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, 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!
Property Information
Status: Active
Sub Type: ********
List Price: $640,000
MLS#: 6685957
Current Price: $640,000
Address: 6221 W Lake Street, Minneapolis, MN 55416
City: Minneapolis
State: MN
Postal Code: 55416
Geo Lat: 44.942715
Geo Lon: -93.358452
Subdivision: Auditors Sub 378
County: Hennepin
Property Description
Year Built: 1948
Lot Size SqFt: 3920.4
Gen Tax: 7906
Specials Inst: 0
High School: ********
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 3090
Style: Array
Total Bedrooms: 4
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: