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For Sale:  Minneapolis MLS# 7045285

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Active NEW!
$425,000
/mo Edit
Multi-family:  Fourplex
8 br • 4 ba • Built 1900
6,592 sqft • 0.39 acres
MLS# 7045285
763-576-8286
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    Property Description

    Exceptional investment opportunity in Minneapolis! This large four-plex offers the perfect blend of classic charm, strong rental potential, and long-term upside. Each of the four units features 2 bedrooms and 1 bathroom, with spacious layouts that include tall ceilings, generously sized rooms, and large closets—making them highly desirable for tenants. Throughout the property, you’ll find beautiful original woodwork, including hardwood floors, detailed trim, and built-ins that add timeless character and appeal. Large windows in every unit bring in abundant natural light, creating bright and inviting living spaces. The property also includes coin-operated laundry in the basement for additional income, a large garage for tenant convenience or added rental value, and sits on a prominent corner lot. Whether you’re looking to expand your portfolio, generate strong cash flow, or house hack by owner-occupying one unit while renting out the other three, this property offers incredible flexibility and income potential. Opportunities like this don’t come around often—don’t miss your chance to own a high-performing multi-family asset!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $425,000
    Price per sq ft: $64
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Fourplex
    Zip Code: 55411
    Neighborhood/Area: 57

    Interior

    Bedrooms: 8
    Bathrooms: 4
    Finished Area: 6,592 ft2
    Living Area: 6,592 ft2
    Refrigerators: Four
    Basement Details:
    • Daylight/Lookout Windows
    • Full

    Exterior

    Stories: Two
    Garage Spaces: 2
    Foundation Size: 3,296 ft2
    Fencing: Chain Link
    Handicap Accessible: None
    Heating System: Hot Water
    Parking Features:
    • Asphalt
    • Concrete
    • Detached Garage
    • Garage Door Opener
    Shared Amenities: None
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Flat
    • Rubber

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.39
    Geolocation: 44.9954776244, -93.2914691321
    Lot Dimensions: 157 x 110
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Medium

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

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

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $1,581
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $1,581

    Income

    Annual Gross Income: None

    Rent

    Annual Net Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    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 Coldwell Banker Realty - Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.