For Sale: Minneapolis MLS# 7123917
Active
NEW!
$520,000
Multi-family: Fourplex
11 br • 6 ba • Built 1915
4,863 sqft • 0.12 acres
Minneapolis schools
MLS# 7123917
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Property Description
Don't miss the opportunity to make this income-producing rental property yours, featuring quality updates throughout and a stable tenant base.
Property Upgrades & Features include: New exterior window frames on the 1st floor (2026). Lower level finished with a kitchenette, 3/4 bath, bedroom with egress window, and an additional office room (2024). 3rd floor dual-split HVAC system and new carpeting installed (2023). New 3rd floor skylight (2023). 2nd floor hardwood floors installed (2018). Full roof replacement, both asphalt and rubber (2017). Pella windows installed on the 1st and 2nd floors (2016). 3rd floor full remodel with Pella windows (2012). 2nd floor bathroom remodel (2012). 1st floor full remodel and new exterior doors (2011).
Exterior amenities include a fenced backyard, storage shed, and garden beds and plenty of street parking. Close to shopping, restaurants, public transportation, etc.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$520,000
Price per sq ft:
$107
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1915
State:
MN
Property Style:
Fourplex
Zip Code:
55409
Neighborhood/Area:
11
Interior
Bedrooms:
11
Bathrooms:
6
Finished Area:
4,863 ft2
Living Area:
4,863 ft2
Refrigerators:
One Per Unit
Basement Details:
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
- Kitchenette
- Single Tenant Access
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,397 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Ductless Mini-Split
Parking Features:
On-Street Parking Only
Shared Amenities:
- Patio
- Porch
Road Frontage:
- City Street
- Curbs
- Sidewalks
- Street Lights
Exterior Material:
Frame
Pool:
None
Roof Details:
- Age 8 Years or Less
- Architectural Shingle
Rooms
Laundry:
- Electric Dryer Hookup
- Gas Dryer Hookup
- Washer Hookup
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.12
Geolocation:
44.9370509204, -93.2731219512
Lot Dimensions:
39 x 129
Zoning:
Residential-Multi-Family
Lot Description:
- Irregular Lot
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$4,500
Annual Fuel Expense:
$6,800
Annual Insurance Expense:
$5,400
Annual Maintenance Expense:
$2,500
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$5,520
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$8,347
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
None
Income
Annual Gross Income:
$72,000
Rent
Annual Net Income:
$52,580
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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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 Coldwell Banker Realty - Southwest Regional.
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.