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For Sale:  Minneapolis MLS# 6647526

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Active
$1,150,000
/mo Edit
Multi-family:  Four Plex
Built 1910
5,000 sqft • 0.14 acres
Minneapolis schools
MLS# 6647526
763-576-8286
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    Property Description

    Hundreds of thousands of dollars invested in capital improvements over the past couple of years including new roof, gutters, fascia, insulation (roof, exterior walls, & dividing walls), windows, doors, sills, flooring, trim, paint, radiator valves, ceilings, light fixtures, blinds, electric panel & electrical, water heaters, tub/shower tile surround, bike racks, back door, kitchen #4, and so much more! One of the best condition 4-plexes to become available. Every unit is rented, and done easily. Outstanding property, completely & significantly updated. Improvements done intentionally with focus on longevity, and attention to detail & quality. Well built and thought-out building. 2+ doors access each unit - entries at foyer and large back porch, with 3 staircases. Amazing outdoor spaces professionally landscaped. Appreciate brick exterior, paver patio, fence, gas ranges, dishwashers, stainless steel appliances, overhead & under cabinet lighting, two sets of Speed Queen laundry machines, and a bright & clean lower level. Unpainted original woodwork & built-ins. Units metered separately for gas & electric. Storage units in lower level. Sought after convenient location and quiet street. Off-street paved parking. Potential condo conversion opportunity. Exceptional investment property. Professionally managed; please anticipate 48 hour notice to tour. Schedule your tour today!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,150,000
    Price per sq ft: $230
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1910
    State: MN
    Property Style: Four Plex
    Zip Code: 55405
    Neighborhood/Area: Whittier
    Subdivision Name: Badger & Penneys Add

    Interior

    Finished Area: 5,000 ft2
    Living Area: 5,000 ft2
    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Basement Details:
    • Daylight/Lookout Windows
    • Full
    • Partially Finished
    • Shared Access
    • Storage Space
    • Storage/Locker

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 2,428 ft2
    Fencing: Partial, Privacy, Wood
    Handicap Accessible: None
    Heating System:
    • Boiler
    • Hot Water
    Parking Features:
    • Assigned
    • Paved
    • Shared Driveway
    Shared Amenities:
    • Concrete Floors & Walls
    • Deck
    • Patio
    • Porch
    Exterior Material:
    • Brick/Stone
    • Wood Siding
    Roof Details:
    • Age 8 Years or Less
    • Flat

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.14
    Geolocation: 44.961081, -93.285105
    Lot Dimensions: 128 x 47 x 128 x 47
    Zoning: Residential-Multi-Family

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $15,776
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $16,122

    Income

    Annual Gross Income: $83,220
    Misc. Annual Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Keller Williams Premier Realty Lake Minnetonka.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.