3 months on rocket

4201 S Minnie St, Kansas City, KS, 66103

$875,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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4201 S Minnie St, Kansas City$875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Off Street
Year Built1960
HeatingElectric, Forced Air
CoolingElectric
MLS #2469249
StatusActive

About 4201 S Minnie St

MAJOR PRICE REDUCTION 7 turnkey units. 100% Occupied! Minnie Ridge Apartments, next to KU Med. Exceptional investment opportunity in the heart of Kansas City, Kansas! Boasting seven units thoughtfully designed for comfort and convenience, this property offers a diverse unit mix of studio, 2BR/2BA, and 2BR/1BA. The property is a turnkey investment, ready for you to purchase, manage, and elevate rents to market rates, including the addition of a bill-back program. Exceptionally Low owner expenses. Completely rehabbed with upgraded electric and plumbing with in the last 10 years or so. New roof in the last 7-10 years (paperwork available), water heaters less than 5 years old. Everything in the building is 10 years old or newer. Situated near the high-demand neighborhood of KU Med, this property's outstanding location is complemented by very low owner expenses, efficiently managed through self-management currently. The apartments feature central heating and cooling, washer and dryer in all units, and essential amenities such as dishwashers (excluding studios). With recent renovations and ongoing maintenance, this property requires nothing more than rent optimization. Attracting a diverse tenant base of med students, researchers, doctors, nurses, and professionals, Minnie Ridge Apartments is a lucrative opportunity for savvy investors. This will appreciate exceptionally well due to the exploding KU Med corridor as the hospital system continues to expand and reinvest. Lenders are standing by and want to lend on this asset (see supplements). The strategic location, adjacent to the thriving 39th St entertainment district, underscores the fast-appreciating value of this investment. With easy access to major arteries, including I-35, and proximity to downtown, Westport, and Country Club Plaza, Minnie Ridge Apartments offers both a quiet, vibrant community atmosphere and the potential for substantial returns.

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Stories: 3

Listing Office:

  • Office Name: XChangeCRE
  • Office Phone: (816) 591-0825
  • Listing Agent: Alex Olson

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Refrigerator
  • Basement: No

Exterior Features

Parking Information:

  • Parking: Assigned, Off Street

Utilities

Utilities Information:

  • Heating: Electric, Forced Air
  • Cooling: Electric

School Info

Assigned Schools Information:

  • J C Harmon High School, Public District Grades 9-12
  • Rosedale Middle School, Public District Grades 6-8
  • Frank Rushton Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Off HWY 169 between W 42nd and 43rd Avenue. Property is at the corner of W 42nd and Minnie Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $875,000

Tax Information:

  • Annual Amount: $6,366
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Kansas City, KS.

Med. List Price

$214.9K

Med. Price/SqFt

$146

Avg. Days On Market

70

# of Sold Homes

121

4201 S Minnie St vs Kansas City

101 DAYS ON ROCKET

+31 Days

$875,000

+$660K More

KEY TAKEAWAY

This property is $660K more than the Median List Price in Kansas City, KS.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HMLS
  • MLS Number: #2469249

Listing Office:

  • Office Name: XChangeCRE
  • Office Phone: (816) 591-0825
  • Listing Agent: Alex Olson

IDX Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright 2024, Heartland Multiple Listing Service, Inc.

IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 1:24:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,366$38,272
2019$6,336$38,111
2018$6,200$37,467
2017$4,037$24,277

History based on county public records data.

Payment Calculator

$4,435

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,690

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1282150
3
/10
  • Frank Rushton Elementary School

  • 2605 W 43rd Ave

  • 0.21 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1282151
2
/10
  • Rosedale Middle School

  • 3600 Springfield St

  • 0.81 miles

  • Public District Grades 6-8

High School

school-card-donut-1282152
1
/10
  • J C Harmon High School

  • 2400 Steele Rd

  • 2.19 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,977. Residents of Kansas City, KS typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4201 S Minnie St

What is the listing price of this property?

The listing price of 4201 S Minnie St property is $875,000.

What type of property is this?

The property 4201 S Minnie St is a condo located in Kansas City, Kansas, 66103.

Is this property for sale now?

Active Listing: 4201 S Minnie St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 4201 S Minnie St are:
Frank Rushton Elementary School: GreatSchools Rating 3/10
Rosedale Middle School: GreatSchools Rating 2/10
J C Harmon High School: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $6,366 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 4201 S Minnie St is 1960.

Rocket HomesKansasWyandotte CountyKansas City661034201 S Minnie St

This home is located at 4201 S Minnie St in Kansas City, KS and zip code 66103 in the Rosedale neighborhood. This home was built in 1960. It has been listed on Rocket Homes since January 17, 2024 and is currently priced at $875,000.

The inventory of homes for sale in Kansas City, KS between February 2024 and March 2024 increased by 25.4%. While the average time on the market in March 2024 was 70 days, the median list price was $214,953.

From Rocket Homes Real Estate and based on county public records data.

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