For Sale: Minneapolis MLS# 7020244
Active
NEW!
$519,000
Multi-family: Four Plex
6 br • 4 ba • Built 1910
2,688 sqft • 0.12 acres
MLS# 7020244
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Property Description
Classic four-unit property with Northeast character in a prime location near grocery stores, restaurants, breweries, and the University of Minnesota. All units are currently rented month-to-month with long-term tenants in place.
The property includes two 2-bedroom units on the upper floor and two 1-bedroom units on the main level.
Unit 1 was originally a neighborhood storefront during the Roaring ’20s, adding a colorful chapter of local history to the property.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$519,000
Price per sq ft:
$193
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
5
County:
Hennepin
Year Built:
1910
State:
MN
Property Style:
Four Plex
Zip Code:
55413
Neighborhood/Area:
4
Subdivision Name:
Ramsey Lockwood & Others Add St Anth
Interior
Bedrooms:
6
Bathrooms:
4
Finished Area:
2,688 ft2
Living Area:
2,688 ft2
Basement Details:
Other
Exterior
Stories:
Two
Garage Spaces:
5
Garage Size:
750 ft2
Foundation Size:
1,344 ft2
Foundation Dimensions:
48x28
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Detached Garage
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
Frame
Lot & Land
Acres:
0.12
Geolocation:
44.994954, -93.240084
Lot Dimensions:
39.30 X 131.00
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$500
Annual Fuel Expense:
$2,769
Annual Insurance Expense:
$2,481
Annual Maintenance Expense:
$1,000
Annual Trash Expense:
$2,000
Annual Water/Sewer Expense:
$2,131
Tenant Expenses:
Broadband, Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,571
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,872
Income
Annual Gross Income:
$48,000
Rent
Annual Net Income:
$29,635
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Lifestyles.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.