6221 LAKE STREET
6221 Lake Street, Minneapolis (Saint Louis Park), 55416, MN
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Price: $640,000
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Status type: For Sale
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Neighborhood: Auditors Sub 378
Bedrooms: 0
Property Size :3090
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Listing Agent: NST49138,NST109245
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Property type : Quadruplex
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Zip code: 55416
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Street: 6221 Lake Street
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Street: 6221 Lake Street
Bathrooms: N/A
Year: 1948
Listing Brokerage: Compass
DETAILS
Discover this rare four-plex gem in the heart of St. Louis Park, just off W. Lake Street! This well-maintained property has been lovingly cared for by its long-time owner. The building features four spacious 1-bedroom units, three of which are currently leased at $875/month, with leases in place through September 2025 – the fourth unit is currently vacant, accommodating potential owner-occupancy. There is excellent potential for value-add improvements, including updating the kitchens and bathrooms, and increasing rents to reflect current market rates. Take advantage of low-down payment financing and the opportunity for long-term appreciation in this prime location! A standout feature of this property is the presence of four individual furnaces (as opposed to a shared boiler), allowing tenants to pay their own gas and heat bills. Don’t miss out on this rare investment opportunity—schedule your showing today!
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: 3090 ft²
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: 3090ft²
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Basement Details: Block,
Appliances Included:
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EXTERIOR
Air Conditioning: N/A
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 1545ft²
Unit Amenities:
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Heating System:
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- Forced Air
LOT
Acres: N/A
Lot Size Dim.: 46' x 91'
Longitude: 44.9427
Latitude: -93.3585
Zoning: N/A
FINANCIAL & TAXES
Tax year: 2025
Tax annual amount: $7,906
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADITIONAL INFORMATION
MLS#: NST7713295
Listing Brokerage: Compass
ID: 3502236
Published: March 20, 2025
Last Update: March 20, 2025
Views: 7
