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$649,900

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
See This Home
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One-of-a-kind opportunity in booming downtown Hopkins! In fact, it's the first Hopkins fourplex to be offered on the MLS... EVER! The city is not aware of another fourplex in Hopkins. Truly an anomaly for the immediate area. Massive building with a large unfinished attic + huge basement with good ceiling height that offer interesting value add options. Extensive 2020 renovation. Gas & electric separately metered; four dedicated furnaces and water heaters. Tenants and owner-occupants alike will enjoy the unmatched Hopkins walkability + bikeability. A+ location with coveted proximity to Historic Mainstreet and Lake Minnetonka Regional Trail. Quick/easy access to Downtown Minneapolis. Award winning ISD 270! With development occurring everywhere you look on Mainstreet, here's your opportunity to plant your flag in this appreciating market! In an effort to make the sale as non-intrusive as possible for the current tenants: VACANT UNIT #3 AVAILABLE FOR SHOWINGS. Current lease details available upon request.

Full Property Details for 7 18th Ave N

General

  • Price: $649,900
  • Taxes: $9,838 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6637111
  • Updated: 12/18/2024
  • Added to Site: 44 day(s) ago

Exterior

  • Porch/Patio/Deck: Awning(s)

Location

  • County: Hennepin
  • Subdivision: West Minneapolis 3rd Div
  • Driving Directions: From Mainstreet in Downtown Hopkins: North on 18th Avenue North. Fourplex located on East side of street (directly across from Dale Feste Automotive).

School Information

  • School District: 270 - Hopkins
  • High School District: Hopkins

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Fiber Cement, Shake Siding
  • Basement: Yes
  • Basement Desc.: Block, Full, Storage Space, Unfinished
  • Foundation Size: 1228
  • Disability Access: None
  • Square Feet: 2,456
  • Above Ground: 3,684 Sq. Ft.
  • Below Ground: 1,228 Sq. Ft.
  • Finished Down/Base.: 4,912 Sq. Ft.
  • Year Built: 1930

Unit Information

  • Units w/Refrigerators: 4
  • Units w/Range/Oven: 4

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Dimensions: 80 x 50
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $5,119
  • Tax Amount: $9,838
  • Tax Year: 2024
  • Owner Pays: Insurance, Sewer, Taxes, Trash Collection
  • Tenant Pays: Cable TV, Electricity, Gas
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Trash: Owner Pays

Disclosures and Reports

  • Legal Description: BLOCK 016 WEST MINNEAPOLIS 3RD DIV THAT PART OF LOTS 18 AND 19 LYING N OF S 80 FT THEREOF
  • Property ID: 2311722410157
Buyer's Brokerage Compensation: 2.5%
Not binding unless confirmed by separate agreement among applicable parties.

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— 7 18th Ave N —

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 7 18th Ave N

School District:Hopkins Public School District
RatingNameGradesDistance
7
Glen Lake Elementary School
4801 Woodridge Rd, Minnetonka, MN 55345
K-61.8 mi
5
Hopkins West Junior High School
3830 Baker Rd, Minnetonka, MN 55305
7-91.4 mi
6
Hopkins High School
2400 Lindbergh Dr, Minnetonka, MN 55305
9-122.3 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7 18th Ave N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/06/2024
Listed
$649,900
120.31%
MLS
6/04/2019
Sold
$295,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7 18th Ave N

Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,838
20%
$150,000
-70%
2023
$8,218
—
$504,000
57%
2023
$8,218
36%
$321,000
7%
2020
$6,049
—
$300,000
12%
2019
$6,020
6%
$269,000
7%
2018
$5,684
8%
$252,000
11%
2017
$5,243
37%
$227,000
23%
2016
$3,821
16%
$185,000
16%
2015
$3,294
-6%
$160,000
—
2014
$3,488
7%
$160,000
3%
2013
$3,266
—
$156,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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7 18th Avenue N, Hopkins, MN 55343 (MLS# 6637111) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 7 18th Avenue N is currently listed for $649,900 and was received on December 04, 2024. This property is listed by Brandon Hayes from our Wayzata Office.Want to learn more about 7 18th Avenue N? Do you have questions about finding other Multi-Family real estate for sale in Hopkins? You can browse all Hopkins real estate or contact a Coldwell Banker agent to request more information.

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