For Sale: Minneapolis MLS# 6710045
Active
NEW!
$509,000
Multi-family: Four Plex
Built 1937
2,800 sqft • 0.11 acres
Minneapolis schools
MLS# 6710045
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Property Description
Do not miss the opportunity to make this charming income producing 4plex yours. Priced to move, these four 1 bed 1 bath units always rent well, and are a great opportunity for long term rentals or could be fantastic for an airbnb. Units have hardwood floors and tons of natural light, and building has a newer boiler system. Located on Park Ave and Lake Street the property is a straight shot to downtown, and conveniently located near local shopping, restaurants, and the Midtown Greenway. There are 4 garages, and storages units, one for each apartment and laundry in the basement. There is plenty of opportunity for additional income on this property, and there's the possibility to house hack, at this price, it won't last long.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$509,000
Price per sq ft:
$182
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1937
State:
MN
Property Style:
Four Plex
Zip Code:
55407
Neighborhood/Area:
Central
Subdivision Name:
Chicago Lake Park Add
Interior
Finished Area:
2,800 ft2
Living Area:
2,800 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Concrete
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
4
Garage Size:
1,440 ft2
Foundation Size:
1,400 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Boiler
Parking Features:
Detached
Road Frontage:
City Street
Exterior Material:
Stucco
Lot & Land
Acres:
0.11
Geolocation:
44.947531, -93.264788
Lot Dimensions:
40 x 119
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
$11,000
Annual Electric Expense:
$555
Annual Fuel Expense:
$3,180
Annual Insurance Expense:
$3,910
Annual Maintenance Expense:
$5,600
Annual Gross Expense:
$16,445
Annual Trash Expense:
$1,100
Annual Water/Sewer Expense:
$4,000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,280
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,280
Income
Annual Gross Income:
$48,189
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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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.