Lori Gustafson

7000 4th Avenue S

Richfield, MN
$ 409,000 Beds 3 Baths 1.5 Sq 2,072 Virtual Tour
Monthly Estimate* How much can I afford?

Situated on a desirable corner lot in the heart of Richfield, this well-maintained 3-bedroom, 1.5-bath home offers over 2,000 square feet of comfortable living space. A unique feature of the home is the main-floor bedroom and full bath, providing flexible living options for guests or the convenience of one-level living. You'll appreciate the central location with easy access to nearby transit, shopping, parks, and everyday amenities. A standout feature is the impressive 4-car garage with an attached workshop—perfect for hobbyists, car enthusiasts, extra storage, or a home workspace. Outside, enjoy a spacious patio and a durable concrete driveway, providing plenty of room for entertaining and outdoor living. Major updates include a new roof and siding installed in 2020, offering added value and peace of mind. The basement already features a dedicated pool table/game room, with additional unfinished space that provides an excellent opportunity to expand the finished living area and build equity by adding a family room, home office, fitness area, or additional bedroom to suit your needs. Combining a one year home warranty, prime location, thoughtful updates, exceptional garage space, and room to grow, this Richfield home is a rare opportunity you won't want to miss!

Single Family

  • Price
  • $ 409,000
  • City
  • Richfield
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • HENNEPIN
  • Half Bathrooms
  • 1
  • Area
  • Ireland Add
  • Lot Size
  • 0.22 Acres
  • Zip
  • 55423
  • Sqr Footage
  • 2,072
  • Year Built
  • 1948
  • Taxes
  • $ 4709
  • Style
  • Single Family
  • MLS#
  • 7113732
Listed By: eXp Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2072
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age 8 Years or Less,Asphalt,Composition
Garage Spaces 4
Pool Features None
Year Built 1948
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Ireland Add
Full Baths 1
Directions From Int 494 E or W take Portland Ave North take a left on 70th St to home. From Hwy 62 E or W take Portland Ave South take a Right on 70th St to home.
City Richfield
High School District Richfield
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 4709
Additional Parcels Y/N No
Virtual Tour https://listing.millcityteam.com/ut/7000_4th_Ave_S.html
Standard Status Active
Lender Owned No
Amenities Unit Hardwood Floors,Kitchen Window,Main Floor Primary Bedroom,Patio,Vaulted Ceiling(s)
PostalCity Richfield

Interior Features

Basement Block
Total Fireplaces 1
Fireplace Features Family Room
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1702
Half Baths 1
Laundry Features Main Level
Total Bedrooms 3
Below Grade Finished Area 370
Total Baths 2
Bath Desc Main Floor Full Bath
Fuel Natural Gas
Garage Square Feet 960

Exterior Features

Fencing Wood
Parking Features Detached Garage,Electric,Finished Garage,Garage Door Opener,Heated Garage,Insulated Garage
Lot Features Corner Lot,Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.22
Building Area Total 2963
Lot Dimensions 135x72
Waterfront Y/N No
Foundation Area 1261

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/23/2026 Listed $430,000
8/12/2026 4% - $415,000
9/15/2026 2% - $409,000

Property vs Zip Code Average in 55423

Price
AVG $300K
$410K
Taxes
AVG $10,449
$4,709
Year Built
AVG 1968
1948
Visits
AVG 90
72
Data Provided by Inside Real Estate®

Areas That We Cover

7000 4th Avenue S Richfield, MN is a Single Family Home for sale at $409000 with 2072 sqft and a lot size of 0.22 Acres Acre(s). 7000 4th Avenue S Richfield has 3 bedrooms, 1 baths and was built in 1948. The property's zip code is 55423 which is in Richfield, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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