1107 57th Avenue N, Brooklyn Center, MN 55430
- $550,000
- 8
- BD
- 4
- BA
- 3,400
- SqFt
- Sold Price
- $550,000
- List Price
- $589,900
- Closing Date
- Jun 03, 2026
- MLS#
- 7032582
- Status
- CLOSED
- Type
- Multifamily
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,400
- Acres
- 0.32
- Year Built
- 1963
Property Description
8 hr notice to show. This property offers an excellent opportunity for a new or growing investor to step into a cash-flowing asset. -Three units occupied w/market-rate tenants. Some units have been updated. -4 furnaces-CenterPoint Energy has quoted approx. $2,500 to separate gas meters, allowing future heat costs to be shifted to tenants, further increasing net income. -E-Z access to I-94, Hwy 100, and I-694, and public transit routes-high rental demand area. Street has an expanded pedestrian path leading to a regional park and the Mississippi River — approx. a 15-minute walk. -Coin-op laundry on third-party contract —new owner can take over machines and capture 100% of income. -Detached garage provides another revenue opportunity if rented separately. Property has been professionally managed and would be suitable for either passive ownership or self-management. **Listing agent holds an ownership interest in the property.
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Additional Information
- School District
- Brooklyn Center
- Amenities Shared
- Coin-op Laundry Leased, Laundry, Patio, Security Lighting
- Tax Year
- 2025
- Fencing
- Chain Link, Partial
- Fuel
- Natural Gas
- Lot Description
- Public Transit (w/in 6 blks), Tree Coverage - Medium
- Sewer
- City Sewer - In Street
- Roof
- Age Over 8 Years, Asphalt
- Topography
- Level
- Heating
- Forced Air
- Water
- City Water/Connected, City Water - In Street
- Basement
- Other
- Parking
- Detached Garage, Asphalt, Garage Door Opener, Parking Lot, Paved Lot
- Garage Spaces
- 4
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Listing courtesy of National Realty Guild.
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