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4214 Queen Ave S, Minneapolis, MN, 55410

5beds
4baths
3,264sqft
$1,895,000
$581price/sqft
$13,584/moest. monthly cost
$543,360/yrincome needed

About This Home

Perched high above Lake Harriet, this exceptional three-unit multifamily property presents a rare opportunity to own a thoughtfully renovated asset in one of Minneapolis' most coveted locations. Showcasing sweeping lake views and timeless architectural character, each residence has been meticulously remodeled to blend modern comfort with enduring charm. The property offers three distinct living spaces, each featuring updated kitchens, refreshed bathrooms, stylish finishes, and carefully curated design elements throughout. Expansive windows capture natural light and picturesque views of Lake Harriet, creating an inviting atmosphere for residents and guests alike. Whether you're an investor seeking a turnkey income-producing property or an owner-occupant looking to enjoy a premier lakefront lifestyle while generating supplemental income, this offering delivers unmatched versatility. Situated just steps from the lake's walking and biking trails, parks, dining, and neighborhood amenities, residents enjoy an unparalleled connection to one of Minneapolis' most vibrant and desirable communities. A truly unique opportunity to acquire a fully remodeled trophy property overlooking Lake Harriet, where location, lifestyle, and investment potential converge.

Getting Around

56
WalkingSomewhat Walkable
42
TransitSome Transit
76
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1951

Type & Style

  • Home type: MultiFamily
  • Property subType: Triplex

Interior

Basement

  • Has basement: Yes
  • Basement: Finished,Partially Finished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4

Features

  • Finished area below ground: 646
  • Finished area above ground: 2,618

Heating

  • Heating features: Baseboard

Interior Area

  • Total structure area: 3,910
  • Total interior livable area: 3,264 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0802824140133
  • Zoning description: Residential-Multi-Family
  • Foundation area: 1292

Features

  • Levels: Two

Lot

  • Lot size: 10,454 sqft
  • Lot size dimensions: Irregular

Parking

  • Total spaces: 3
  • Parking features: Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Tornado
Heat Wave
Strong Wind
Winter Weather

FEMA Declared Disasters in Hennepin County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $9,582$114,984
Home Insurance *$913$10,956
Property Taxes $2,814$33,768
Electricity $275$3,303
Total$13,584$163,008
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$465,737/yr
40% on housing$407,520/yr
45% on housing$362,240/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$581This listing

vs Other Active Listings

Avg $/sqft

ZIP 55410$282
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55410$300
Hennepin County$207

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-28Listed for sale$1,895,000
2021-03-24Listing removed--
2015-02-19Listing removed$1,175
2015-01-19Listed for rent$1,175
2014-11-10Listing removed$1,600
2014-10-10Listed for rent$1,600
2014-09-04Sold$695,000
2014-07-23Listed for sale$1,495,411
1996-05-29Sold$330,500

For Sale by Agent

AgentPeter Prudden
BrokeragePrudden & Company

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