4376 Upper 71st Street E Inver Grove Heights, MN $ 465,000
4376 Upper 71st Street E
$ 465,000
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4376 Upper 71st Street E

Inver Grove Heights, MN, 55076
$ 465,000
Bedrooms5 Baths3.0 Sq 2,560

Monthly Estimate*

$ 3,212

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Multi-Family Home for sale in Inver Grove Heights, MN

for $465,000 with 5 bedrooms and 3 full baths. This 2,560 square foot home was built in 1915 on a lot size of 1.247.

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.

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Multi-Family Active

Price

$ 465,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,806

Style

Triplex

Lot Size

1.247

Year Built

1915

Town/City

Inver Grove Heights

County/Region

Dakota

MLS | Web ID

7095881

Features
General
Living Area 2560
Sewer City Sewer/Connected
Heating Boiler Radiator
Roof Flat Rubber
Garage Spaces 2
Pool Features None
Construction Materials Block
Year Built 1915
Electric Circuit Breakers
Tenant Pays Snow Removal
Topography Level
Levels One
Property Subtype Triplex
Tax Year 2026
Gross Income 41700
Accessibility No Stairs External No Stairs Internal
County Dakota
Operating Expense 15155
Insurance Expense 3168.1
New Construction N
Property Type Residential Income
Association Amenities Coin-op Laundry Owned
Contingency None
MaintenanceExpense 1970
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.
City Inver Grove Heights
High School District Inver Grove Hts. Community Schools
Zoning Description Residential-Multi-Family
Number Of Units Total 3
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 3806
Electric Expense 0
Fuel Expense 4263.44
Trash Expense 948.93
Water Sewer Expense 695.4
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement None
Basement (Y/N) N
Above Grade Finished Area 2560
Laundry Features Common Area
Total Bedrooms 5
Below Grade Finished Area 0
Total Baths 3
Fuel Natural Gas
Garage Square Feet 624
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Exterior
Parking Features Detached Garage Gravel
Lot Features Irregular Lot Tree Coverage - Medium Underground Utilities
Water Source City Water/Connected
Lot Size Area 1.247
Building Area Total 2560
Lot Dimensions Irregular
Waterfront Y/N N
Foundation Area 2560
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 4376
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* Excluded Features
List By
Peritus Real Estate

Broker

john@peritusrealestate.com

Email

Affordability Calculator

$3,529
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,212
Monthly Property Taxes
$317
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3065255 Elementary School
3065238 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/5/2026$465,000 -2.11% Price Down
7/6/2026$475,000 Listed Price

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4376 Upper 71st Street E, Inver Grove Heights, MN, 55076 is a Multi-Family Home for sale at $465,000 with 2,560 sqft and a lot size of 1.247. 4376 Upper 71st Street E has 5 bedrooms, 3.0 baths, and was built in 1915. The property's zip code is 55076 which is in Inver Grove Heights, MN