1537 E 38th Street, Minneapolis, MN 55407
Local realty services provided by:Better Homes and Gardens Real Estate First Choice
1537 E 38th Street,Minneapolis, MN 55407
$725,000
- 8 Beds
- 4 Baths
- 3,456 sq. ft.
- Multi-family
- Active
Listed by: jacqueline sandoval
Office: national realty guild
MLS#:7032128
Source:NSMLS
Price summary
- Price:$725,000
- Price per sq. ft.:$209.78
About this home
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.
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Home facts
- Year built:1911
- Listing ID #:7032128
- Added:1 day(s) ago
- Updated:March 07, 2026 at 01:03 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Basement:Yes
- Basement Description:Block, Full
- Living area:3,456 sq. ft.
Heating and cooling
- Heating:Baseboard, Boiler
Structure and exterior
- Roof:Asphalt
- Year built:1911
- Building area:3,456 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Corner Lot
- Construction Materials:Block
- Levels:2 Story
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$725,000
- Price per sq. ft.:$209.78
- Tax amount:$7,037 (2025)
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