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$659,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 8 Total Beds
  • Updated 3 days ago
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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.

Full Property Details for 4348 Minnehaha Ave

General

  • Price: $659,000
  • Taxes: $11,216 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6698823
  • Updated: 2/17/2026
  • Added to Site: 313 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: In Basement, Common Area, In Basement, Common Area

Additional Information

  • Shared Amenities: Coin-op Laundry Owned

Parking

  • Parking Features: Gravel, Unassigned

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: A Oddens Add
  • Neighborhood: 32
  • Driving Directions: 46th St to Minnehaha, North on Minnehaha

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Basement Desc.: Daylight/Lookout Windows, Full, Unfinished
  • Foundation Size: 1456
  • Roof: Age Over 8 Years
  • Disability Access: No Stairs External
  • Square Feet: 2,912
  • Above Ground: 2,912 Sq. Ft.
  • Below Ground: 1,456 Sq. Ft.
  • Year Built: 1929

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 0.18
  • Lot Dimensions: 48 x 164
  • Frontage: City Street, Curbs, Sidewalks
  • Zoning: Residential-Multi-Family
  • Lot Description: Public Transit (w/in 6 blks)

Financial Considerations

  • Tax Amount: $11,216.4
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash
  • Owner Pays: Insurance, Sewer, Taxes, Trash Collection, Water
  • Tenant Pays: Electricity, Gas
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 001 BLOCK 001 A ODDENS ADDN
  • Property ID: 702823420001
Buyer's Brokerage Compensation: 2.7%
Not binding unless confirmed by separate agreement among applicable parties.

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— 4348 Minnehaha Ave —

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Schools serving 4348 Minnehaha Ave

School District:Minneapolis Public School District
NameGradesDistance
Hiawatha Elementary School
4201 42nd Avenue South, Minneapolis, MN 55406
K-20.4 mi
Howe Elementary School
3733 43rd Avenue South, Minneapolis, MN 55406
3-50.8 mi
Sanford Middle School
3524 42nd Avenue South, Minneapolis, MN 55406
6-81.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4348 Minnehaha Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/10/2025
Price Reduced
$659,000
-2.95%
MLS
4/14/2025
Listed
$679,000
13.45%
MLS
1/13/2021
Sold
$598,500
—
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 4348 Minnehaha Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,544
6%
$615,000
-7%
2023
$10,911
10%
$661,000
11%
2023
$9,892
—
$592,900
12%
2023
$9,892
9%
$531,000
9%
2020
$9,050
14%
$485,500
18%
2019
$7,950
10%
$411,500
12%
2018
$7,232
5%
$367,500
8%
2017
$6,887
10%
$340,500
5%
2016
$6,271
20%
$324,300
25%
2015
$5,245
-7%
$258,500
—
2014
$5,645
-1%
$258,500
—
2013
$5,677
—
$258,500
—
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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4348 Minnehaha Avenue, Minneapolis, MN 55406 (MLS# 6698823) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 4348 Minnehaha Avenue is currently listed for $659,000 and was received on April 14, 2025. This property is listed by Christian Knudson from our Minneapolis Lakes Office.Want to learn more about 4348 Minnehaha Avenue? Do you have questions about finding other Multi-Family real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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