11 days on rocket

1537 38th St, Minneapolis, MN, 55407

$470,000

Home List Price

$5,581*

Closing Credit

0 Baths
864 SqFt
$544/SqFt
Multi

Location

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1537 38th St, Minneapolis$470,000

Buyer Closing Credits

$5,581*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingParking Lot, Open
Year Built1911
HeatingSteam
BasementYes
MLS #6639126
StatusActive

About 1537 38th St

Prime Investment Opportunity to Flip or Hold. Some Finishing Needed. This Unique Quadplex Offers a Fantastic Opportunity for Both Investors and Owner-Occupants Alike with One Unit Move-In Ready & A Second Unit at 90% Completion. The Additional Two Units Are a Blank Slate Waiting for Your Finishing Touches. It is Situated on a Double Lot for Ample Off Street Parking or The Space to Build Garages, Boasts New Plumbing, 4 New 75,000 BTU Boilers, 4 New High Capacity Water Heaters, 4 New Pressure Tanks, Updated Water Main Per City Requirement, Updated Electric, 4 Updated Split Meters, New Chimney Liner, Vinyl Windows Throughout (Basement Windows are New) , As An Equity Builder, A Full Un-Finished Basement With 4 Individual Storage Units & Laundry Hook-Ups Available. All Conveniently Located On a Bus Line, Near Parks & The Lakes, Restaurants, Shopping and Easy Access to the Freeway System, This Property is a Must-See!

Property Details

Property Features

Property Information:

  • Year Built: 1911
  • Living Area: 864 SqFt

Listing Office:

  • Office Name: Homes Plus Realty

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Parking Lot, Open

Utilities

Utilities Information:

  • Heating: Steam

Other

Directions Information:

  • Directions: From Hwy 62, Go North on Cedar to E 38th St, Go Left or West to Building

Price Information

Listing Price Info

Price Summary:

  • List Price: $470,000
  • Price Per SqFt: $544/SqFt
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Housing Market Comparison

See how this home compares to others in Minneapolis, MN.

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Minneapolis, MN

City

Med. Sold Price

$350K

Med. Price/SqFt

$202

Avg. Days On Market

40

# of Sold Homes

875

1537 38th St vs Minneapolis

11 DAYS ON ROCKET

-29 Days

$470,000

+$120K More

$544/SqFt

+$341 More

KEY TAKEAWAY

This property is $120K more than the Median Sold Price and $341/SqFt more than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6639126

Listing Office:

  • Office Name: Homes Plus Realty

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/11/2025, 1:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,476

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1882290
4
/10

  • Bancroft Elementary School

  • 3829 13th Ave S

  • 0.20 miles

  • Public Magnet Grades PK-5

school-card-donut-1882291
1
/10

  • Hiawatha Leadership Acdy-Northrop

  • 1611 E 46th St

  • 1.00 miles

  • Public Charter Grades KG-4

school-card-donut-1882292
3
/10

  • Green Central Park Elementary School

  • 3416 4th Ave S

  • 1.05 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,174. Residents of Minneapolis, MN typically earn between $35k-100k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55407›1537 38th St

This home is located at 1537 38th St in Minneapolis, MN and zip code 55407 in the Bancroft neighborhood. This 864 square foot home was built in 1911. It has been listed on Rocket Homes since December 30, 2024 and is currently priced at $470,000.

In December 2024, from all listings sold in Minneapolis, MN there were more than 289 sold above asking price, over 405 sold below and more than 179 were sold right at the asked price. In December 2024 in Minneapolis, MN there were 11.9% less homes for sale than in November 2024. In December 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $350,000.

From Rocket Homes Real Estate and based on county public records data.

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