Listed By
Agency Name: National Realty Guild
Agency Phone: 651-330-8001
Shown By
Agent Name: Jeanne Hauser, Broker/Agent
Agent Phone: (651) 269-2987
Agency Title: Counselor Realty
Property Description
Fully Renovated Fourplex | Turn-Key Investment Opportunity | Prime South Minneapolis LocationExceptional opportunity to own a recently renovated fourplex in the heart of South Minneapolis. This well-maintained multifamily property has undergone extensive interior and exterior improvements, making it a strong turn-key investment with additional value-add potential.The exterior has been completely refreshed, Improvements include brand-new siding, exterior paint, and new upper rear windows, along with a fully rebuilt upper balcony featuring new decking and flooring. The front porch flooring has been replaced and the stucco professionally restored, preserving the property's character while enhancing durability. Common areas have also been updated with new carpeting on the stairways.Inside, the units have been thoughtfully remodeled, featuring new kitchens, updated bathrooms, new flooring, fresh paint, modern light fixtures, and efficient hot and cold mini-split systems. Each unit offers spacious layouts providing comfortable and functional living spaces.Major operational feature with four 75,000 BTU boilers, four high-capacity water heaters, four pressure tanks, updated electrical with split meters ideal management for owners.The property sits on a generous lot with off-street parking for up to 10 vehicles, a rare amenity in this central Minneapolis location. The building also includes two separate rear entrances in addition to the main front entry, providing convenient access for residents.There is also additional income potential, with the possibility of finishing the basement and installing coin-operated laundry machines, creating another revenue stream for investors.Located near parks, restaurants, shopping, public transportation, and major city routes, this property offers strong rental appeal and long-term investment potential.
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1537 E 38th Street , Minneapolis, MN 55407
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$ 4,656.63 per month $3,858.75 Principal & Interest $586.42 Property Tax $211.46 Homeowner's InsuranceChange Payment Information
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1537 E 38th Street , Minneapolis, MN 55407
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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1537 E 38th Street | MLS# 7032128
This multi-family property located at 1537 E 38th Street , Minneapolis, MN 55407 is currently listed for sale with an asking price of $725,000. E 38th Street is located within the Minneapolis school district. Search Minneapolis real estate on jhauser.counselorrealty.com today.