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$599,999   Price Analysis
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438 3rd Ave E
Shakopee, MN 55379
4 bed 4 bath 3,133 SqFt ($191/SqFt)
8,712SqFt lot. Built 1950
Listed 2024-06-12, Taxes $4,896
Ⓧ USDA Ineligible
due to location

near Shakopee

Welcome to this stunning and recently renovated 4-unit prperty located at 438 3rd Ave E

Shakopee, Minnesota. Each unit features 1 bedroom and 1 bathroom, ideal for tenants seeking a cozy and modern living space. The property has been updated with a new roof, siding and gutters, ensuring long-lasting durability and aesthetic appeal. Residents will appreciate the proximity to local amenities, including Valleyfair amusement park, the Minnesota Renaissance Festival and Mystic Lake Casino.

Nearby parks such as Huber Park and Memorial Park offer pleasing outdoor spaces for recreation and relaxation. Commuting is convenient with easy access to major highways like Highway 169 and County Road 101, making travel to the Twin Cities and surrounding areas a breeze. The property is also near various shopping centers, dining options and top-rat ed schools within the Shakopee School District, ensuring a well-rounded and enjoyable living experience for residents.





Property MLS #6552292 from NorthstarMLS

Bedrooms: 4

Basement Features: Full

Full Bathrooms: 4

Heating Features: Boiler, Radiator
Heating Fuel: Natural Gas

Vinyl
Road Frontage Type: City, Paved Streets
Road Responsibility: Public Maintained Road

Land Lease Amount Frequency: No
Lot Description: Corner Lot, Tree Coverage - Medium
Lot Size Acres: 0.2
Lot Size Dimensions: 59x142
Lot Size Square Feet: 8712

Garage Spaces: 4
Parking Features: Detached Garage
Garage Dimensions: 41 x 18
Garage Sqft: 738

Association: No
Calculated Total Monthly Association Fees: 0

Gross Income: 66000.00
Tenant Pays: Electric, Trash

Number of Units: 4

School District: 720 - Shakopee

Shakopee West Junior High School is a public middle school located approximately 0.7 miles away.
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Shakopee Senior High School is a public high school located approximately 1.9 miles away.
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Eagle Creek Elementary School is a public elementary school located approximately 4.8 miles away.
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Minnesota Montessori Accelertd Learning Center Inc is a private elementary school located approximately 2.3 miles away.
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Annual Tax Amount: 4960.00
Source Listing Status: Active
County: Scott-MN
Directions: I-494 S to US-212 W to Great Plains Blvd. Take the MN-101 exit from US-212 W. Follow Great Plains Blvd to County Hwy 101 to 3rd Ave E in Shakopee. Four-Plex = 438 3rd Avenue E
Tax Year: 2023
Source Property Type: Multi-Family
Source Neighborhood: City Of Shakopee
Owner Pays: Lawn, Maintenance/Repair, Sewer, Snow, Taxes, Water
Parcel Number: 270013800
Subdivision: City Of Shakopee
Zoning: Residential-Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$240,000 + $80,000
$320,000
$4,896
2021$240,000 + $80,000
$320,000
$4,576
2020$228,400 + $76,300
$304,700
$4,974
2019$192,100 + $64,200
$256,300
$4,412
2018$192,100 + $64,200
$256,300
$4,526
2017$165,300 + $55,300
$220,600
$3,824
2016$165,300 + $55,300
$220,600
$3,966
2015$157,400 + $52,600
$210,000
$3,268
2014$157,400 + $52,600
$210,000
$3,548
2013$157,400 + $52,600
$210,000
$3,686
2012$157,400 + $52,600
$210,000
$3,332
2011$187,500 + $62,500
$250,000
$3,682

Listed 2024-06-12
$599,999
NorthstarMLS
Listing removed 2023-12-12
$0
NorthstarMLS
Listed 2023-11-04
$600,000
NorthstarMLS
Sold 2022-09-21
$392,000
Public Record
Sold 1987-04-30
$62,000
Public Record

Total Square Feet Living: 3133
Above Grade Finished Area: 2474
BelowGradeFinishedArea: 659
Foundation Area: 1003.00
Property Age: 74
Property Condition: Previously Owned
Roof: Asphalt Shingles, Pitched
Levels or Stories: 2
Total Above Grade Sqft Area: 2474.00
Total Area Main: 1325.00
Total Below Grade Area: 1003.00

Electric: Circuit Breakers
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.