For Sale: Minneapolis MLS# 6737235
Active
NEW!
$675,000
Multi-family: Triplex
Built 1916
2,836 sqft • 0.12 acres
Minneapolis schools
MLS# 6737235
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Property Description
Turnkey Non-conforming Triplex in Prime NE Minneapolis!
An exceptional opportunity to own a fully leased, well-maintained non-conforming triplex in the heart of Northeast Minneapolis. This building features three, 2 bedroom, 1 bathroom units, each offering in-unit laundry and separate utilities.
All units are currently tenant-occupied with leases in place, making this a true plug and play investment. Positioned on a quiet, tree-lined street with easy access to Logan Park, dining, breweries, coffee shops and all the charm of the NE Arts District, this property offers strong rental appeal and future value growth. Tenants enjoy natural light, and access to a shared backyard and enclosed porches perfect for relaxation or extra storage.
Ideal for both seasoned investors and house hackers. Live in one unit and rent the others or enjoy steady cash flow with three performing units. A rare chance to secure a multifamily property in one of Minneapolis’s most desirable rental markets.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$675,000
Price per sq ft:
$238
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1916
State:
MN
Property Style:
Triplex
Zip Code:
55413
Neighborhood/Area:
Logan Park
Subdivision Name:
Monroe Street Add
Interior
Finished Area:
2,836 ft2
Living Area:
2,836 ft2
Basement Details:
Partially Finished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
20x22
Garage Size:
440 ft2
Foundation Size:
1,250 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
Detached
Road Frontage:
- City Street
- Curbs
- Sidewalks
Exterior Material:
Stucco
Lot & Land
Acres:
0.12
Geolocation:
45.002326, -93.253356
Lot Dimensions:
40 x 127
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$25
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,500
Annual Maintenance Expense:
$200
Annual Gross Expense:
None
Annual Trash Expense:
$80
Annual Water/Sewer Expense:
$100
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,973
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,973
Income
Annual Gross Income:
$67,500
Units
Total Units:
3
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 Keller Williams Realty Integrity Lakes.
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.