305 N Van Buren Avenue Springfield, MN 56087

Features

Features

Property Features

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NorthstarMLS® data last updated at July 23, 2020 7:53 PM CT

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{"Id":601491,"ORGTABLE":"RAW_Property","MLSCLASS":"RES","MLSNUMBER":"NST7129280","MLSAGENTID":"NST506560430","MLSOFFICEID":"NST27068","ADDRESS":"305 N Van Buren Avenue","ACRES":0.351,"AGENTOWNER":true,"AUCTIONYN":false,"BASEMENT":"Finished","BATHSTOTAL":4.0,"BEDROOMS":6.0,"CITY":"Springfield","CONTINGENCY":"None","COUNTY":"Brown","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"EXTERIOR":"Block,Brick","FORECLOSURE":"No","LASTPRICE":300000.0,"LASTPRICEDATE":"2026-08-18T16:57:07.417","LATITUDE":44.242354,"LENDEROWNED":"No","LISTDATE":"2026-08-18T05:00:00","LISTPRICE":300000.0,"LIVINGAREA":2400.0,"LONGITUDE":-94.972801,"LOTDESCRIPTION":"Corner Lot,Tree Coverage - Light","MODIFICATIONTIMESTAMP":"2026-08-18T17:31:08.499","OFFICE_OFFICENAME":"Kemp Real Estate","PHOTOCOUNT":6,"POSTALCODE":"56087","POTENTIALSHORTSALE":"No","PRESENTUSE":"Yearly","PUBLICREMARKS":"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.\n\nThe 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.\n\nA 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.\n\nThe property also includes coin-operated laundry, providing a convenient amenity for tenants and another source of potential income. Situated on a corner lot, the property offers good access, visibility, and off-street parking.\n\nThis is an attractive opportunity for an investor looking for a property with existing occupancy and cash flow today, while still offering room to improve and increase revenue over time. The combination of four rental units, four detached garage stalls, on-site laundry, and potential for restructuring makes this a property with both stability and upside.\n\nProperty Highlights:\n\nFour-unit apartment building\n2 one-bedroom units\n2 two-bedroom units\nAll four units currently occupied\n$2,930/month current rental income\nFour detached garage stalls\nPotential to increase revenue through garage restructuring and rental adjustments\nCoin-operated laundry\nCorner lot\nWell-maintained property\nEstablished rental income\nStrong opportunity for future income growth\n\nCurrent income with additional upside — a great opportunity for an investor looking to add value and increase the property's earning potential.","ROADBETWEENWATERFRONTANDHOMEYN":false,"ROOF":"Asphalt","SCHOOLDISTRICTNUMBER":"85-Springfield","SCHOOLDISTRICTPHONE":"5077234283","SEWER":"City Sewer/Connected","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2026-08-18T16:57:07.417","LASTSTATUS":"Active","STREETDIRPREFIX":"N","STREETNAME":"Van Buren","STREETNUMBER":"305","STREETSUFFIX":"Avenue","STYLE":"Fourplex","TRANSACTIONTYPE":"For Sale","WATER":"City Water/Connected","WATERFRONTPRESENT":false,"YEARBUILT":1970,"ZONING":"Residential-Multi-Family","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2026-08-18T17:31:08.499","PHOTOREMARKS":"[{\"Order\":1,\"Remarks\":\"4 plex front .jpeg\"},{\"Order\":2,\"Remarks\":\"4 plex kitchen .jpeg\"},{\"Order\":3,\"Remarks\":\"4 plex bedroom .jpeg\"},{\"Order\":4,\"Remarks\":\"4 plex bedroom 1.jpeg\"},{\"Order\":5,\"Remarks\":\"4 plex kitchen dining.jpeg\"},{\"Order\":6,\"Remarks\":\"4 plex bathroom .jpeg\"}]","PHOTOORDER":"1,2,3,4,5,6","SOURCE":"MG_NST"}