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For Sale:  Minneapolis MLS# 6815497

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Active NEW!
$800,000
/mo Edit
Multi-family:  Four Plex
Built 1915
4,388 sqft • 0.16 acres
Minneapolis schools
MLS# 6815497
763-576-8286
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    Property Description

    Fantastic investment opportunity in the heart of Northeast Minneapolis! This well-maintained 4-plex offers timeless character, strong rental potential, and an unbeatable location near restaurants, breweries, shops, and parks. Each unit features comfortable living spaces with classic architectural details, large windows, and great natural light. The property has been thoughtfully cared for, with updates that enhance both functionality and appeal while preserving its original charm. Shared laundry, off-street parking, and separate utilities make management easy and efficient. Whether you’re looking to add to your investment portfolio or live in one unit while renting the others, this property offers flexibility and long-term potential in one of Minneapolis’s most sought-after neighborhoods. Don’t miss this chance to own a solid, income-producing property in vibrant Northeast!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $800,000
    Price per sq ft: $182
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1915
    State: MN
    Property Style: Four Plex
    Zip Code: 55418
    Neighborhood/Area: Holland
    Subdivision Name: Lennon & Newells Add To St Anthony

    Interior

    Finished Area: 4,388 ft2
    Living Area: 4,388 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 2,400 ft2
    Handicap Accessible: None
    Heating System: Other
    Parking Features:
    • Asphalt
    • Open
    Shared Amenities: Laundry
    Road Frontage: City Street
    Exterior Material: Stucco
    Roof Details:
    • Flat
    • Rubber

    Lot & Land

    Acres: 0.16
    Geolocation: 45.010919, -93.260006
    Lot Dimensions: 56 x 124
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Public Transit (w/in 6 blks)

    Farm

    Topography: Level

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $840
    Annual Fuel Expense: $1,500
    Annual Insurance Expense: $7,200
    Annual Maintenance Expense: None
    Annual Gross Expense: $20,200
    Annual Trash Expense: $720
    Annual Water/Sewer Expense: $2,400

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $11,034
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $16,987

    Income

    Annual Gross Income: $85,200

    Units

    Total Units: 4

    Miscellaneous

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

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    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 RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.