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$595,000   Price Analysis
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240 Bedford St SE
Minneapolis, MN 55414
6 bed 4 bath 3,132 SqFt ($189/SqFt)
7,841SqFt lot. Built 1915
Listed 2024-04-19, Taxes $8,417
Ⓧ USDA Ineligible
due to location

near Minneapolis

Rare brick Prospect Park fourplex on a quiet

* No Longer For Sale *
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Dead end street. Great opportunity for owner-occupant or investor. All th charm and woodwork of its born on date. Perfectly located so as to be in a quiet neighborhood yet still have easy access to the U, river, light rail or interstate.

Two units currently rented to long-term tenants, two are extended stay and Airbnb for additional reve nue.


Presented by Kari Lundin at
Keller Williams Realty Integrity Edina.


Property MLS #6521928 from NorthstarMLS

Bedrooms: 6

Basement Features: Concrete Block

Full Bathrooms: 4

Heating Features: Boiler
Heating Fuel: Natural Gas

Brick/Stone
Road Frontage Type: City

Land Lease Amount Frequency: No
Lot Description: Tree Coverage - Medium
Lot Size Acres: 0.18
Lot Size Dimensions: 133x60
Lot Size Square Feet: 7841

Carport Spaces: 2

Association: No
Calculated Total Monthly Association Fees: 0

Gross Income: 62280.00
Tenant Pays: Electric

Number of Units: 4

School District: 1 - Minneapolis

Pratt Elementary School is a public elementary school located approximately 0.6 miles away.
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Edison Senior High School is a public high school located approximately 3.9 miles away.
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Northeast Middle School is a public middle school located approximately 4.3 miles away.
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Minnehaha Academy - Upper School is a private elementary, middle and high school located approximately 1.1 miles away.
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Annual Tax Amount: 7534.00
Source Listing Status: Closed
County: Hennepin
Directions: 35W to MN-280 S. Continue on MN-280 S. Take Territorial Rd/University Ave Exit. Continue on N Eustis St. Take Franklin Ave to Bedford St SE. Turn Left onto Beford St SE. Home will be on the right.
Tax Year: 2024
Source Property Type: Multi-Family
Source Neighborhood: Prospect Park - East River Road
Owner Pays: Insurance, Sewer, Taxes, Trash, Water
Parcel Number: 3102923110110
Subdivision: Watsons Prospect Place Add
Zoning: Residential-Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$342,500 + $153,000
$495,500
$8,417
2021$393,500 + $102,000
$495,500
$8,094
2020$370,000 + $102,000
$472,000
$8,342
2019$298,000 + $102,000
$400,000
$7,260
2018$279,000 + $102,000
$381,000
$6,986
2017$260,300 + $92,700
$353,000
$6,616
2016$260,300 + $92,700
$353,000
$6,826
2015$253,800 + $92,700
$346,500
$7,030
2014$261,400 + $85,100
$346,500
$7,566
2013$261,400 + $85,100
$346,500
$7,938
2012$261,400 + $85,100
$346,500
$7,743
2011$261,400 + $85,100
$346,500
$7,411
2010$299,900 + $85,100
$385,000
$6,851
2009$256,200 + $102,800
$359,000
$6,460
2008$256,200 + $102,800
$359,000
$5,835
2007$256,200 + $102,800
$359,000
$6,006

Sold 2024-05-23
$595,000
NorthstarMLS
Listed 2024-04-19
$595,000
NorthstarMLS
Sold 2018-02-02
$443,700
Public Record
Sold 2013-08-15
$379,900
NorthstarMLS
Sold 2013-07-08
$350,000
Public Record
Price Changed 2013-04-14
$379,900
NorthstarMLS
Price Changed 2013-03-12
$389,900
NorthstarMLS
Listed 2012-11-30
$399,900
NorthstarMLS
Sold 2005-06-22
$420,000
Public Record
Sold 1998-07-08
$204,000
Public Record
Sold 1995-05-03
$165,000
Public Record

Total Square Feet Living: 3132
Above Grade Finished Area: 3132
Construction Materials: Brick
Foundation Area: 1566.00
Property Age: 109
Property Condition: Previously Owned
Roof: Age Over 8 Years
Levels or Stories: 2
Total Above Grade Sqft Area: 3132.00
Total Area Main: 1566.00
Total Below Grade Area: 1566.00

Electric: Circuit Breakers
Sewer: City Sewer/Connected
Water Source: City Water/Connected

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.