For Sale: Minneapolis MLS# 7105569
Active
NEW!
$649,000
Multi-family: Fourplex
12 br • 6 ba • Built 1900
5,542 sqft • 0.11 acres
Minneapolis schools
MLS# 7105569
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Property Description
Turnkey 4-Plex Investment Opportunity in Minneapolis!
Don't miss this exceptional opportunity to own a well-maintained, cash-flowing 4-plex in Minneapolis with significant recent capital improvements and long-term value. This solid investment property has been thoughtfully updated, allowing a new owner to step into a stable asset with strong income potential.
Major improvements include new metal siding (2025), a new roof (2024), updated windows, newer high efficiency boilers, and water heaters-helping minizine future maintenance expenses. Inside, three of the four units have been recently renovated, making the property attractive to tenants while still offering upside potential with the remaining unit.
One of the property's standout features is its enrollment in the City of Minneapolis 4d Affordable Housing Incentive Program, providing substantial property tax savings year after year, and enhancing overall cash flow. Combined with its positive cash flow and extensive updates, this is an outstanding opportunity for both seasoned investors and those looking to expand their rental portfolio.
Whether you're seeking reliable income, reduced operating costs, or a well-maintained multifamily asset in a strong rental market, this Minneapolis 4-plex checks all the boxes.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$649,000
Price per sq ft:
$117
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Fourplex
Zip Code:
55404
Neighborhood/Area:
78
Subdivision Name:
Eliots Add
Interior
Bedrooms:
12
Bathrooms:
6
Finished Area:
5,542 ft2
Living Area:
5,542 ft2
Basement Details:
- Storage Space
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,944 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Boiler
Shared Amenities:
Coin-op Laundry Owned
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
- Common Area
- In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.11
Geolocation:
44.961076, -93.255829
Lot Dimensions:
45 x 114
Schools
School District:
1
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
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$2,300
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,300
Income
Annual Gross Income:
$77,880
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- 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 RE/MAX Results.
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.