305 N Van Buren Avenue, Springfield, MN 56087

Springfield
Local realty services provided by:ERA Prospera Real Estate
305 N Van Buren Avenue,Springfield, MN 56087
$300,000
  • 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:$300,000
  • Price per sq. ft.:$125

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. Current rental income is $2,930 per month, 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 the current $2,930 per month. The property also includes coin-operated laundry, providing a...

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Home facts

  • Year built:1970
  • Subdivision & Development:Van Dusen Add
  • Listing ID #:7129280
  • Added:1 day(s) ago
  • Updated:August 18, 2026 at 05:54 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:$300,000
  • Price per sq. ft.:$125
  • 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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