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6221 W Lake Street, 
Minneapolis, MN 55416

$640,000


4

Beds


4

Baths


3,090

Sq Ft


Multi-Family

Active

Listed by

Paul Begich

Compass

952-283-0897

Last updated:

May 1, 2025, 02:57 PM

MLS#

6685957

Source:

ND FMAAR

About This Home

6221 W Lake Street

Discover this rare four-plex gem in the heart of St. Louis Park, just off W. Lake Street! This well-maintained property has been lovingly cared for by its long-time owner. The building features four spacious 1-bedroom units, three of which are currently leased at $875/month, with leases in place through September 2025 – the fourth unit is currently vacant, accommodating potential owner-occupancy. There is excellent potential for value-add improvements, including updating the kitchens and bathrooms, and increasing rents to reflect current market rates. Take advantage of low-down payment financing and the opportunity for long-term appreciation in this prime location! A standout feature of this property is the presence of four individual furnaces (as opposed to a shared boiler), allowing tenants to pay their own gas and heat bills. Don’t miss out on this rare investment opportunity—schedule your showing today!

Home Facts

Multi-Family

4 Baths

4 Bedrooms

Built in 1948

Price Summary

640,000

$207 per Sq. Ft.

MLS #:

6685957

Last Updated:

May 1, 2025, 02:57 PM

Added:

2 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

4

Interior

Living Area:

3,090 Sq. Ft.


Structure

Structure

Building Area:

3,090 Sq. Ft.

Year Built:

1948


Lot

Lot Size (Sq. Ft):

3,920


Finances & Disclosures

Finances

Price:

$640,000

Price per Sq. Ft:

$207 per Sq. Ft.

Source:ND FMAAR
The information being provided by Fargo Moorhead Area Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Fargo Moorhead Area Association of REALTORS All rights reserved.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.