4376 Upper 71st Street E, Inver Grove Heights, MN 55076

New Listing
$475,000
Property Type: Multi-Family Bedrooms: 5 Baths: 3 Square Footage: 2,560 Lot Size (sq. ft.): 54,014 Status: Active
Current Price: $475,000 List Date: 7/06/2026 Last Modified: 7/08/2026

Overview

Description

Rare suburban triplex in a premier Inver Grove Heights location — an exceptional find for investors seeking stable, long-term cash flow outside the city core. This well-maintained 3-unit property sits on a spacious lot in one of the south metro's most livable communities, just minutes from the Mississippi River and surrounded by an impressive array of recreational amenities. Residents enjoy walkable access to a brand-new city park featuring a playground and splash pad, Swing Bridge Park, and a neighborhood dog park — the kind of lifestyle draw that keeps quality tenants in place year after year. The property's long-term occupancy history speaks for itself: stable residents, consistent income, and minimal turnover. With gross monthly rents of $3,420, this is a turnkey cash-flowing asset with no heavy lifting required from day one. The oversized lot offers exceptional flexibility — ample space for outdoor storage, recreational vehicles, or equipment, a rare perk in suburban multifa ...

Listing Details MLS# 7095881

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1915
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
2560
Above Ground SqFt
2560
Total SqFt
2560
Foundation Size
2560
Style
(MF) Triplex
Total Finished Sqft
2560.00
Power Company
Xcel Energy
Garage Stalls
2
Lot Dimensions
Irregular
Acres
1.24
Assessment Pending
No
Below Grd Total SqFt
0

Property Features

Accessible: No Stairs External; No Stairs Internal Amenities Shared: Coin-op Laundry Owned Assumable Loan: Not Assumable Basement: None Construction Materials: Block Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Block Foundation: Slab Fuel: Natural Gas Heating: Boiler; Radiator Laundry: Common Area Lot Description: Irregular Lot; Tree Coverage - Medium; Underground Utilities Owner Pays: Electricity; Gas; Heat; Hot Water; Lawn; Repairs; Taxes; Trash Collection; Water Pool Description: None Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Flat; Rubber Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: One Tenant Pays: Snow Removal Topography: Level Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Eat In Kitchen Unit 1 Special Search: Main Floor Bedroom Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Eat In Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Bath Description: Main Floor Full Bath Unit 3 Cooling: Window Unit 3 Dining Room Description: Kitchen/Dining Room Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
475000
ListPrice
475000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
4376
Street Name
Upper 71st
Street Suffix
Street
Street Direction Suffix
E
Postal City
Inver Grove Heights
County
Dakota
State
MN
Zip Code
55076

Assessments

Tax With Assessments
3806
Assessment Balance
0
Assessment Installment
0

Building Information

Finished SqFt Above Ground
2560

More Information

Income and Expenses

Annual Fuel Expense
4263.44
Annual Gross Expenses
15155
Annual Gross Income
41700
Annual Insurance Expense
3168.1
Annual Maintenance Expense
1970
Annual Trash Expense
948.93
Annual Water/Sewer Expense
695.4
Total Annual Expenses
15155
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Repair Expense
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
624

Public Survey Info

Range#
22
Section#
11
Township#
27

Unit 1

Furnished?
No
Leased?
Yes
Level
Main Level
Unit Number
Yes
Annual Rent
11040
Finished SqFt
550
Full Baths
Yes
Monthly Rent
920
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit 2

Furnished?
No
Leased?
Yes
Level
Main Level
Unit Number
2
Annual Rent
11400
Finished SqFt
696
Full Baths
Yes
Monthly Rent
950
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit 3

Furnished?
No
Leased?
Yes
Level
Main Level
Unit Number
3
Annual Rent
18600
Finished SqFt
976
Full Baths
Yes
Monthly Rent
1550
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
3
Total Rooms
6

Unit Details

Total Units
3

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
11 27 22 PT OF GOV LOT 8 COM 946.8 FT E & 936.98 FT S OF NW COR W 321.5 FT TO RR R/W SE 396 FT TO S LINE GL 8 E 100 FT N 134 FT E 90 FT N 150FT E 104 FT TO C/L ST N 100 FT TO BEG LYING S & W OF LINE COM INT S LINE GL 8 & E R/W OF RR E 94.23(100)FT N 132. 67(134)FT E 90 FT N 150 FT TO BEG OF LINE W 10.01 FT N 62D13M16S W 61.41 FT N'LY 26.29 FT ON N-T CUR TO LEFT (RAD 89.73FT C/A 16D51M28S) N'LY 43.70 FT ON REV CUR TO RT (RAD 78.80FT C/A 31D46M 27S) N 5.00 FT & THERE TERM
Listing City
Inver Grove Heights
Map Page
137
Municipality
Inver Grove Heights
School District
Inver Grove Hts. Community Schools
School District Phone
651-306-7800
Zip Plus 4
2608
Property ID Number
200110029134
Tax Year
2026
Tax Amount
3806
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Rare suburban triplex in a premier Inver Grove Heights location — an exceptional find for investors seeking stable, long-term cash flow outside the city core. This well-maintained 3-unit property sits on a spacious lot in one of the south metro's most livable communities, just minutes from the Mississippi River and surrounded by an impressive array of recreational amenities. Residents enjoy walkable access to a brand-new city park featuring a playground and splash pad, Swing Bridge Park, and a neighborhood dog park — the kind of lifestyle draw that keeps quality tenants in place year after year. The property's long-term occupancy history speaks for itself: stable residents, consistent income, and minimal turnover. With gross monthly rents of $3,420, this is a turnkey cash-flowing asset with no heavy lifting required from day one. The oversized lot offers exceptional flexibility — ample space for outdoor storage, recreational vehicles, or equipment, a rare perk in suburban multifamily that tenants genuinely value and that sets this property apart from anything comparable in the area. Triplexes in suburban locations like Inver Grove Heights almost never come to market. If you've been waiting for a multifamily opportunity that offers the stability of suburban demographics with the income profile of a true investment property, this is it. Also available is the next-door vacant lot at 7177 River Rd. Sold separately or together.
Directions
From HWY 494 take the Concord ST S exit. Go South until Dixie Ave E and turn left. Go South to Upper 71st St E and turn left. Property is on the right.

Accessible

No Stairs External
Yes
No Stairs Internal
Yes

Amenities Shared

Coin-op Laundry Owned
Yes

Assumable Loan

Not Assumable
Yes

Basement

None
Yes

Construction Materials

Block
Yes

Construction Status

Previously Owned
Yes

Electric

Circuit Breakers
Yes

Exterior

Block
Yes

Foundation

Slab
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes
Radiator
Yes

Laundry

Common Area
Yes

Lot Description

Irregular Lot
Yes
Tree Coverage - Medium
Yes
Underground Utilities
Yes

Owner Pays

Electricity
Yes
Gas
Yes
Heat
Yes
Hot Water
Yes
Lawn
Yes
Repairs
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Pool Description

None
Yes

Rental License Type

Standard
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Flat
Yes
Rubber
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Topography

Level
Yes

Water

City Water/Connected
Yes

No. of Ranges

Three
Yes

No. of Refrigerators

Three
Yes

Tenant Pays

Snow Removal
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes

Unit 1 Bath Description

Main Floor Full Bath
Yes

Unit 1 Cooling

Window
Yes

Unit 1 Dining Room Description

Eat In Kitchen
Yes

Unit 1 Special Search

Main Floor Bedroom
Yes

Unit 2 Appliances

Range
Yes
Refrigerator
Yes

Unit 2 Bath Description

Main Floor Full Bath
Yes

Unit 2 Cooling

Window
Yes

Unit 2 Dining Room Description

Eat In Kitchen
Yes

Unit 3 Appliances

Range
Yes
Refrigerator
Yes

Unit 3 Bath Description

Main Floor Full Bath
Yes

Unit 3 Cooling

Window
Yes

Unit 3 Dining Room Description

Kitchen/Dining Room
Yes

Documents

IDX
Listing Office: Peritus Real Estate
Last Updated: July - 08 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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