MLS# 7032128
1537 E 38th Street Minneapolis, MN 55407
National Realty Guild is the brokerage office representing the seller for this listing.
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{"Id":526115,"ORGTABLE":"RAW_Property","MLSCLASS":"RES","MLSNUMBER":"NST7032128","MLSAGENTID":"NST502047129","MLSOFFICEID":"NST10669","ADDRESS":"1537 E 38th Street","ACRES":0.14,"AGENTOWNER":false,"AUCTIONYN":false,"BASEMENT":"Block,Full","BATHSTOTAL":4.0,"BEDROOMS":8.0,"CITY":"Minneapolis","CONTINGENCY":"None","COUNTY":"Hennepin","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"EXTERIOR":"Block,Post and Beam,Concrete,Stone","FORECLOSURE":"No","LASTPRICE":725000.0,"LASTPRICEDATE":"2026-03-07T01:40:05.97","LATITUDE":44.933846,"LENDEROWNED":"No","LISTDATE":"2026-03-06T06:00:00","LISTPRICE":725000.0,"LIVINGAREA":3456.0,"LONGITUDE":-93.251635,"LOTDESCRIPTION":"Corner Lot","MODIFICATIONTIMESTAMP":"2026-03-07T11:06:14.379","NEIGHBORHOOD":"3","OFFICE_OFFICENAME":"National Realty Guild","PHOTOCOUNT":42,"POSTALCODE":"55407","POTENTIALSHORTSALE":"No","PRESENTUSE":"Yearly","PUBLICREMARKS":"Fully Renovated Fourplex | Turn-Key Investment Opportunity | Prime South Minneapolis Location\nExceptional opportunity to own a recently renovated fourplex in the heart of South Minneapolis. This well-maintained multifamily property has undergone extensive interior and exterior improvements, making it a strong turn-key investment with additional value-add potential.\nThe exterior has been completely refreshed, Improvements include brand-new siding, exterior paint, and new upper rear windows, along with a fully rebuilt upper balcony featuring new decking and flooring. The front porch flooring has been replaced and the stucco professionally restored, preserving the property’s character while enhancing durability. Common areas have also been updated with new carpeting on the stairways.\nInside, the units have been thoughtfully remodeled, featuring new kitchens, updated bathrooms, new flooring, fresh paint, modern light fixtures, and efficient hot and cold mini-split systems. Each unit offers spacious layouts providing comfortable and functional living spaces.\nMajor operational feature with four 75,000 BTU boilers, four high-capacity water heaters, four pressure tanks, updated electrical with split meters ideal management for owners.\nThe property sits on a generous lot with off-street parking for up to 10 vehicles, a rare amenity in this central Minneapolis location. The building also includes two separate rear entrances in addition to the main front entry, providing convenient access for residents.\nThere is also additional income potential, with the possibility of finishing the basement and installing coin-operated laundry machines, creating another revenue stream for investors.\nLocated near parks, restaurants, shopping, public transportation, and major city routes, this property offers strong rental appeal and long-term investment potential.","ROADBETWEENWATERFRONTANDHOMEYN":false,"ROOF":"Asphalt","SCHOOLDISTRICTNUMBER":"558-Minneapolis","SCHOOLDISTRICTPHONE":"6126680000","SEWER":"City Sewer/Connected","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2026-03-07T01:40:05.97","LASTSTATUS":"Active","STREETDIRPREFIX":"E","STREETNAME":"38th","STREETNUMBER":"1537","STREETSUFFIX":"Street","STYLE":"Quadruplex","TRANSACTIONTYPE":"For Sale","WATER":"City Water/Connected","WATERFRONTPRESENT":false,"YEARBUILT":1911,"ZONING":"Residential-Multi-Family","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2026-03-07T01:38:05.729","PHOTOREMARKS":"[{\"Order\":1,\"Remarks\":\"43_1000034705.jpg\"},{\"Order\":2,\"Remarks\":\"44_1000034708.jpg\"},{\"Order\":3,\"Remarks\":\"45_1000034734.jpg\"},{\"Order\":4,\"Remarks\":\"42_1000034703.jpg\"},{\"Order\":5,\"Remarks\":\"1_1000034697.jpg\"},{\"Order\":6,\"Remarks\":\"2_1000034693.jpg\"},{\"Order\":7,\"Remarks\":\"5_1000034729.jpg\"},{\"Order\":8,\"Remarks\":\"3_1000034730.jpg\"},{\"Order\":9,\"Remarks\":\"4_1000034715.jpg\"},{\"Order\":10,\"Remarks\":\"6_1000034707.jpg\"},{\"Order\":11,\"Remarks\":\"7_1000034724.jpg\"},{\"Order\":12,\"Remarks\":\"8_1000034721.jpg\"},{\"Order\":13,\"Remarks\":\"9_1000034722.jpg\"},{\"Order\":14,\"Remarks\":\"10_1000034718.jpg\"},{\"Order\":15,\"Remarks\":\"11_1000034699.jpg\"},{\"Order\":16,\"Remarks\":\"12_1000034728.jpg\"},{\"Order\":17,\"Remarks\":\"13_1000034727.jpg\"},{\"Order\":18,\"Remarks\":\"14_1000034726.jpg\"},{\"Order\":19,\"Remarks\":\"15_1000034702.jpg\"},{\"Order\":20,\"Remarks\":\"16_1000034700.jpg\"},{\"Order\":21,\"Remarks\":\"17_1000034736.jpg\"},{\"Order\":22,\"Remarks\":\"18_1000034735.jpg\"},{\"Order\":23,\"Remarks\":\"19_1000034731.jpg\"},{\"Order\":24,\"Remarks\":\"20_1000034732.jpg\"},{\"Order\":25,\"Remarks\":\"21_1000034714.jpg\"},{\"Order\":26,\"Remarks\":\"22_1000034720.jpg\"},{\"Order\":27,\"Remarks\":\"23_1000034719.jpg\"},{\"Order\":28,\"Remarks\":\"24_1000034710.jpg\"},{\"Order\":29,\"Remarks\":\"25_1000034692.jpg\"},{\"Order\":30,\"Remarks\":\"26_1000034733.jpg\"},{\"Order\":31,\"Remarks\":\"28_1000034725.jpg\"},{\"Order\":32,\"Remarks\":\"29_1000034723.jpg\"},{\"Order\":33,\"Remarks\":\"30_1000034695.jpg\"},{\"Order\":34,\"Remarks\":\"31_1000034694.jpg\"},{\"Order\":35,\"Remarks\":\"32_2y3a9137.jpg\"},{\"Order\":36,\"Remarks\":\"33_2y3a9101.jpg\"},{\"Order\":37,\"Remarks\":\"34_2y3a9104.jpg\"},{\"Order\":38,\"Remarks\":\"35_2y3a9107.jpg\"},{\"Order\":39,\"Remarks\":\"36_2y3a9116.jpg\"},{\"Order\":40,\"Remarks\":\"47_1000034716.jpg\"},{\"Order\":41,\"Remarks\":\"48_1000034713.jpg\"},{\"Order\":42,\"Remarks\":\"49_1000034711.jpg\"}]","PHOTOORDER":"1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42","SOURCE":"MG_NST"}
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This well-maintained multifamily property has undergone extensive interior and exterior improvements, making it a strong turn-key investment with additional value-add potential.\nThe exterior has been completely refreshed, Improvements include brand-new siding, exterior paint, and new upper rear windows, along with a fully rebuilt upper balcony featuring new decking and flooring. The front porch flooring has been replaced and the stucco professionally restored, preserving the property’s character while enhancing durability. Common areas have also been updated with new carpeting on the stairways.\nInside, the units have been thoughtfully remodeled, featuring new kitchens, updated bathrooms, new flooring, fresh paint, modern light fixtures, and efficient hot and cold mini-split systems. 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The building also includes two separate rear entrances in addition to the main front entry, providing convenient access for residents.\nThere is also additional income potential, with the possibility of finishing the basement and installing coin-operated laundry machines, creating another revenue stream for investors.\nLocated near parks, restaurants, shopping, public transportation, and major city routes, this property offers strong rental appeal and long-term investment potential.","PublicSurveyRange":"24","PublicSurveySection":"11","PublicSurveyTownship":"28","NST_RentalLicenseType":"Standard","NST_RentalLicenseYN":"Y","RoadFrontageType":"City Street","RoadResponsibility":"Public Maintained Road","Roof":"Asphalt","NST_SchoolDistrictPhone":"6126680000","Sewer":"City 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