305 N Van Buren Avenue, Springfield, MN 56087

Springfield
Local realty services provided by:ERA Viking Realty
305 N Van Buren Avenue,Springfield, MN 56087
$290,000
  • 6 Beds
  • 4 Baths
  • 2,400 sq. ft.
  • Multi-family
  • Active
Listed by: brett bartholomaus
Office: kemp real estate
MLS#:7129280
Source:NSMLS

Price summary

  • Price:$290,000
  • Price per sq. ft.:$120.83

About this home

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...

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Home facts

  • Year built:1970
  • Subdivision & Development:Van Dusen Add
  • Listing ID #:7129280
  • Added:46 day(s) ago
  • Updated:October 04, 2026 at 12:16 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Finished
  • Living area:2,400 sq. ft.

Heating and cooling

  • Heating:Baseboard, Boiler

Structure and exterior

  • Roof:Asphalt
  • Year built:1970
  • Building area:2,400 sq. ft.
  • Lot area:0.35 Acres
  • Lot Features:Corner Lot, Level, Tree Coverage - Light
  • Construction Materials:Block
  • Levels:Bi/Split Level

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$290,000
  • Price per sq. ft.:$120.83
  • Tax amount:$3,010 (2025)

Features and amenities

  • Laundry features:Coin-op Laundry Owned

Parking

  • Parking description:Detached Garage, Gravel, Multiple Garages, Parking Lot
  • Garage:Yes
  • Garage spaces:4
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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