Home for Sale in Minneapolis
1537 E 38th Street
Minneapolis, MN 55407

Price
$725,000

MLS #
7032128

Status
Active


Request Showing

Property Details

No. of Units
3

Year Built
1911

Square Feet
3,456

Acres
0.14

2025 Property Taxes
$7,037

School District
Minneapolis

County
Hennepin


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.


Take the I-35W S/MN-55 E/Hiawatha Ave ramp Use the left lane to take the MN-55 E/Hiawatha Ave exit Continue onto MN-55 E/Hiawatha Ave Turn right onto E 26th St Turn left onto Bloomington Ave Destination will be on the right


Take the I-35W S/MN-55 E/Hiawatha Ave ramp Use the left lane to take the MN-55 E/Hiawatha Ave exit Continue onto MN-55 E/Hiawatha Ave Turn right onto E 26th St Turn left onto Bloomington Ave Destination will be on the right

Unit Information


Unit 1

Unit 2

Unit 3

Features


Electric
Circuit Breakers

Heating
Baseboard,Boiler

Sewer
City Sewer/Connected

Water
Public

Additional Info


Listed By
Jacqueline Sandoval of National Realty Guild

Listed
03/06/26 and last updated 03/15/26

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Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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