USAMNMinneapolisMonroe Bros Sub of Lts Herrick Haml1537 E 38Th St

1537 E 38 Th St, Minneapolis, MN

Name: 1537 E 38 Th St, For Sale in Minneapolis - eXp Realty
Brand: National Realty Guild
SKU: 7032128
Price: 725000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$725,000

840

MLS® 7032128

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential Income

Size 3456 sqft

Garage No

Taxes $7,037

Days Active 0

Lot Size

Approx. Age 1911

Avg. Price Per Sqft $209

MLS® Number 7032128

Property Address: 1537 E 38th St, Minneapolis, MN, 55407-2848

Average square foot calculated using Size range provided by listing agent.

Description

Fully Renovated Fourplex | Turn-Key Investment Opportunity | Prime South Minneapolis Location Exceptional 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.

MLS® Number7032128

Laundry LevelIn Basement

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNo

Approx. Age1911

BasementBlock, Full

DrivewayParking Lot

Garage Spaces0

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 6, 2026List Date

$725,000List Price

Mar 14, 2025End Date

$445,000Sold Price

Sold

Dec 30, 2024List Date

$460,000List Price

Commute

Commute

Starting Address

Destination Address

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