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$759,900   Price Analysis
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4550 Madison St NE
Columbia Heights, MN 55421
12 bed 4 bath 3,840 SqFt ($197/SqFt)
0.23 acre lot. Built 1961
Listed 2023-06-08, Taxes $6,803		Ⓧ USDA Ineligible
due to price & location
near Columbia Heights

Fantastic investment opportunity

All 4 units have 3 bedrooms per unit, located on cul-de-sac with off street parking and laundry on each level! All separate utilities per unit. Central air in all units (2010), 3 newer furnaces, Pristine Soffits, facia and gutters (2018) 2 Newly updated units with Stainless appliances and new floring.

This i s a unique 4 unit building that is a tremendous investment. 3 units are on lease, 1 unit is month-to-month.


Presented by Chris Lutter at
RE/MAX Results.
Listing Agent Photo

Property MLS #6383703 from NorthstarMLS

Bedrooms: 12

Basement Features: Daylight/Lookout Windows, Finished (Livable), Full

Full Bathrooms: 4

Heating Features: Forced Air
Heating Fuel: Natural Gas

Brick/Stone
Stucco
Road Frontage Type: City, Cul De Sac

Land Lease Amount Frequency: No
Lot Size Acres: 0.231
Lot Size Dimensions: 62x118x118x163
Lot Size Square Feet: 10062

Parking Features: Paved Lot

Association: No
Association Amenities: Coin-op Laundry Owned
Calculated Total Monthly Association Fees: 0

Gross Income: 79800.00
Tenant Pays: Broadband, Cable T.V., Electric, Fuel

Number of Units: 4

School District: 13 - Columbia Heights

Valley View Elementary School is a public elementary school located approximately 0.4 miles away.
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Columbia Academy is a public middle school located approximately 0.4 miles away.
directions icon Map directions

Columbia Heights Senior High School is a public high school located approximately 0.8 miles away.
directions icon Map directions

Immaculate Conception School is a private elementary and middle school located approximately 0.7 miles away.
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Annual Tax Amount: 6388.00
Source Listing Status: Active
County: Anoka
Directions: University ave to 44th Ave East to Madison St NE, north 2 blocks to property on the left in the cul-de-sac
Tax Year: 2023
Source Property Type: Multi-Family
Source Neighborhood: Julian Johnson Add
Owner Pays: Insurance, Maintenance/Repair, Taxes, Trash, Water/Sewer
Parcel Number: 263024430094
Subdivision: Julian Johnson Add
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$329,000 + $70,000
$399,000		$6,803
2021$268,000 + $68,700
$336,700		$6,153

Listed 2023-06-08
$759,900
NorthstarMLS
Listing removed 2023-06-06
$0
NorthstarMLS
Listing removed 2022-07-30
$0
NorthstarMLS
Listed 2022-07-29
$759,900
NorthstarMLS
Listed 2021-05-25
$749,900
NorthstarMLS
Listing removed 2021-05-25
$749,900
NorthstarMLS
Relisted 2021-02-28
$749,900
NorthstarMLS
Listing removed 2021-02-22
$749,900
NorthstarMLS
Price Changed 2021-02-08
$749,900
NorthstarMLS
Listed 2021-01-21
$779,900
NorthstarMLS
Sold 2008-10-13
$250,000
Public Record
Sold 2006-06-21
$385,000
Public Record
Sold 2002-11-08
$345,000
Public Record
Sold 2001-04-30
$159,900
Public Record
Sold 1998-11-09
$130,900
Public Record

Total Square Feet Living: 3840
Above Grade Finished Area: 1920
BelowGradeFinishedArea: 1920
Foundation Area: 1920.00
Property Age: 63
Property Condition: Previously Owned
Roof: Asphalt Shingles
Levels or Stories: 2
Total Above Grade Sqft Area: 1920.00
Total Area Main: 1920.00
Total Below Grade Area: 1920.00

Electric: Circuit Breakers
Electric Expense: 636.00
Sewer: City Sewer/Connected
Water Source: City Water/Connected
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.