$7,125 Closing Credit¹
#6700225, Listing office: Re/Max Advantage Plus
$659,000 List price
4348 Minnehaha Ave Minneapolis, MN 55406
$7,826
Closing credit¹
2,912 sqft
$226 / sqft
Multi-Family
Property details
About 4348 Minnehaha Ave
An excellent investment opportunity awaits with this well-maintained four-unit property in the sought-after Hiawatha Neighborhood, close to Minnehaha Falls. This 4-plex consists of four 2-bedroom units, each having oak hardwood floors, wall-mounted air conditioning units, dishwashers, as well as updated bathrooms and windows throughout. The property features separate hot water heating systems and updated electrical panels for each unit. Full basement offers additional storage space and two sets of coin operated laundry machines for tenants. Situated on an extra-deep lot, the property provides off-street parking. Its prime location is near the Mississippi River, offering access to scenic biking and jogging trails, light rail transit, shopping, restaurants, and convenient freeway access.
Highlights
Home typeQuadruplex
HeatingSteam
StatusActive
Size2,912 sqft
BasementYes
Year built1929
ParkingGravel, Unassigned
MLS #6698823
Summary
- Basement: Yes
- Attached Garage: No
- Parking: Gravel, Unassigned
- Heating: Steam
- List Price: $659,000
- Price/SqFt: $226
- Annual Tax Amount: $10,910
- Tax Year: 2023
- Directions: 46th St to Minnehaha, North on Minnehaha
- Year Built: 1929
- Living Area: 2,912 SqFt
- MLS Number: 6698823
- MLS Name: NORTHSTAR
- Office Name: Coldwell Banker Realty
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$659,000
4348 Minnehaha Ave
$7,826
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 15, 2021 | Home Sold | $140,700 |
| Jan 15, 2021 | Home Sold | $598,500 |
| May 02, 2002 | Home Sold | $360,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $661,000 | $10,910 |
| 2022 | $592,900 | $9,892 |
| 2021 | $531,000 | $9,377 |
| 2020 | $558,500 | $9,578 |
| 2019 | $485,500 | $9,049 |
| 2018 | $411,500 | $7,949 |
| 2017 | $367,500 | $7,232 |
History based on county public records data.
Nearby schools
6
Northrop Community School
Public District KG-5
0.4 mi
•4315 31st Ave S
6
Hiawatha Community School - Howe Campus
Public District 3-5
0.8 mi
•3733 43rd Ave S
4
Michael Dowling Elementary School
Public Magnet KG-5
0.9 mi
•3900 W River Pkwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $51,320. The most common annual income of people living in Minneapolis, MN is between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
32%
<35k
53%
35k-100k
13%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
62%
Single, No Kids
9%
Single, with Kids
20%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
4%
12-17 yrs old
36%
18-34 yrs old
41%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Men's Tennis
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Nordstrom Rack
Banana Republic
Where do the neighbors go to eat?
Chipotle
The Cheesecake Factory
Jack In The Box
What do the neighbors drive?
Volkswagen
Volvo
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4348 Minnehaha Ave
The listing price of 4348 Minnehaha Ave property is $659,000.
The property 4348 Minnehaha Ave is a multi located in Minneapolis, Minnesota, 55406.
Active Listing: 4348 Minnehaha Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 4348 Minnehaha Ave are: Northrop Community School (GreatSchools Rating 6/10), Hiawatha Community School - Howe Campus (GreatSchools Rating 6/10), Michael Dowling Elementary School (GreatSchools Rating 4/10), Friendship Academy of Arts - Interm (GreatSchools Rating 1/10), Hennepin Middle School (GreatSchools Rating 2/10), Sanford Community Middle School (GreatSchools Rating 4/10), Roosevelt Senior High School (GreatSchools Rating 4/10), Roosevelt High School (GreatSchools Rating 8/10), Longfellow Alternative (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $10,910 (source: MLS/based on county public records data).
The last sale was on January 15, 2021 for $140,700 (source: MLS/tax record).
The property 4348 Minnehaha Ave is 2,912 SqFt (source: MLS/tax record).
The year of construction for 4348 Minnehaha Ave is 1929.
This home is located at 4348 Minnehaha Ave in Minneapolis, MN and zip code 55406 in the Hiawatha neighborhood. This 2,912 square foot home was built in 1929. Features: 0 bathroom. It has been listed on Rocket Homes since April 14, 2025 and is currently priced at $659,000.
Minneapolis, MN housing market in May 2025 saw over 641 listings sold above listed price, more than 220 sold at listed price and over 368 sold below. The inventory of homes for sale in Minneapolis, MN between April and May 2025 increased by 16.4%. While the average time on the market in May 2025 was 26 days, the median list price was $355,510.
From Rocket Homes Real Estate and based on county public records data.