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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 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. This 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. Property Highlights: Four-unit apartment building 2 one-bedroom units 2 two-bedroom units All four units currently occupied $2,930/month current rental income Four detached garage stalls Potential to increase revenue through garage restructuring and rental adjustments Coin-operated laundry Corner lot Well-maintained property Established rental income Strong opportunity for future income growth Current income with additional upside - a great opportunity for an investor looking to add value and increase the property's earning potential.

Property Details of 305 N Van Buren Avenue

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Listed by Brett Bartholomaus of Kemp Real Estate

  Based on information submitted to MLS Grid / NORTHSTAR as of August 19, 2026 9:42 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial 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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