Date
Details
Price
Change
Source
8/18/2026
Listed
$300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$300,000
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Property Description
Excellent investment opportunity in Springfield, Minnesota! This well-maintained four-unit apartment building offers a strong combination of current rental income, multiple unit configurations, garage space, and significant potential for increased revenue. The property features two one-bedroom apartments and two two-bedroom apartments, with all four units currently occupied, providing an established income stream from day one. A major advantage of this property is the four detached garage stalls. With thoughtful restructuring of the garage spaces and a review of how the garage and rental spaces are utilized, there is substantial upside potential to increase monthly revenue. A new owner may have the opportunity to better allocate or separately rent garage space and make adjustments to the existing rental structure, creating additional income beyond what the current rates are. The property also includes coin-operated laundry, providing a convenient amenity for tenants and another source of potential income. Situated on a corner lot, the property offers good access, visibility, and off-street parking. This is an attractive opportunity for an investor looking for a property with existing occupancy and cash flow today, while still offering room to improve and increase revenue over time. The combination of four rental units, four detached garage stalls, on-site laundry, and potential for restructuring makes this a property with both stability and upside.
Full Property Details
Full Property Details for 305 N Van Buren Ave
General
- Price: $300,000
- Taxes: $3,010 (2025)
- Status: Active
- Type: Multi-Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7129280
- Updated: 8/19/2026
- Added to Site: 7 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: In Basement, Common Area, Lower Level, Laundry Room, In Basement, Common Area, Lower Level, Laundry Room
Additional Information
- Shared Amenities: Laundry, Coin-op Laundry Owned
Exterior
- Porch/Patio/Deck: Patio, Rear Porch
Parking
- Garage: Yes
- Garage Description: 20 x 12
- Garage Spaces: 4
- Parking Features: Detached Garage, Gravel, Multiple Garages, Parking Lot
Location
- County: Brown
- Township: Springfield
- Subdivision: Van Dusen Add
- Driving Directions: 305 North Van Buren. Springfield, MN 56087
School Information
- School District: 85 - Springfield
- High School District: Springfield
Heating & Cooling
- Heating Type: Baseboard, Boiler
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Exterior Const.: Block, Brick
- Basement: Yes
- Finished basement: Yes
- Basement Desc.: Finished
- Foundation Size: 2400
- Roof: Asphalt
- Disability Access: None
- Square Feet: 2,400
- Above Ground: 1,200 Sq. Ft.
- Below Ground: 1,200 Sq. Ft.
- Finished Down/Base.: 2,400 Sq. Ft.
- Year Built: 1970
Unit Information
- Units w/Refrigerators: 4
Lot Features
- Lot Size (Acres): 0.351
- Lot Dimensions: 100 x 153
- Frontage: City Street, Sidewalks, Street Lights
- Zoning: Residential-Multi-Family
- Lot Description: Corner Lot, Light Tree Coverage
Financial Considerations
- Operating Expenses: $10,000
- Tax Amount: $3,010
- Tax Year: 2025
- Terms: Conventional, Cash
- Owner Pays: Common Area Maintenance, Insurance, Grounds Care, Snow Removal, Taxes, Water
- Tenant Pays: Electricity, Fuel
- Pays Electric: Tenant Pays
- Pays Water: Owner Pays
Disclosures and Reports
- Legal Description: VAN DUSEN ADDITION LOT-006 BLOCK-004 LOT 5 &
- Property ID: 331000406060
Listed by Kemp Real Estate
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NMLS#: 1598647
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Schools
Schools serving 305 N Van Buren Ave
School District:Springfield Public School District
| Name | Grades | Distance |
|---|---|---|
Springfield Elementary School 12 S Burns, Springfield, MN 56087 | PK-6 | 0.6 mi |
Springfield Secondary 12 S Burns, Springfield, MN 56087 | 7-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 305 N Van Buren Ave
Tax History
Tax History for 305 N Van Buren Ave
Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,658
—
$206,600
121%
2026
$5,658
100%
$93,300
6%
2023
$2,822
-7%
$88,100
7%
2023
$3,046
—
$82,200
10%
2023
$3,046
56%
$74,400
1%
2020
$1,958
2%
$73,700
2%
2019
$1,925
3%
$72,200
2%
2018
$1,860
5%
$70,800
—
2017
$1,772
-4%
$70,900
—
2016
$1,842
—
$70,884
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 305 N Van Buren Ave
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Sold by Edina Realty, Inc.
305 N Van Buren Avenue, Springfield, MN 56087 (MLS# 7129280) is a Multi-Family property with 4 units containing 6 bedrooms and 0 full bathrooms. 305 N Van Buren Avenue is currently listed for $300,000 and was received on August 18, 2026. Want to learn more about 305 N Van Buren Avenue? Do you have questions about finding other Multi-Family real estate for sale in Springfield? You can browse all Springfield real estate or contact a Coldwell Banker agent to request more information.