For Sale: Minneapolis MLS# 7055953
Active
$1,175,000
Multi-family: Fourplex
11 br • 5 ba • Built 1908
5,225 sqft • 0.11 acres
Minneapolis schools
MLS# 7055953
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Property Description
Welcome to one of the most heavily updated and upgraded historic fourplexes in Minneapolis! This stately four-home property combines the rich luxury of it's original Victorian embellishments with important large scale upgrades, ensuring that its future steward has a stress-free, smooth ownership. This is a must-show for your investor buyers and owner occupants alike. Too many updates than are possible to list here. No expense was spared while completely redoing all of the electric, plumbing, heating, siding, windows, roofing and maintenance of this home. Inside you will be captivated by the original trim and millwork, coal-burning tiled fireplaces (decorative), tall ceilings, beautiful south facing windows, and massive front balconies in 3 of the 4 units. Most every kitchen and bathroom has been upgraded, and all HVAC mechanicals are modern high efficiency, with billing directed to the tenants. Delivering impressive cashflow with room to grow, this property has always been easy to lease with its charm, solid construction/maintenance, and massive four car garage. Fully fenced and with a private back yard hang out area, this is a no brainer for furnished medium/short term rentals. Looking to wipe out your 2026 income tax burden? This property may be a good fit for accelerated depreciation under new IRS tax code. Do not hesitate to set up a showing of this unique and exceptionally well maintained property. Seller is willing to consider creative financing options, including seller financing, for qualified buyers.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,175,000
Price per sq ft:
$225
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1908
State:
MN
Property Style:
Fourplex
Zip Code:
55405
Neighborhood/Area:
47
Subdivision Name:
Twenty Fifth St Add
Interior
Bedrooms:
11
Bathrooms:
5
Finished Area:
5,225 ft2
Living Area:
5,225 ft2
Refrigerators:
Four
Basement Details:
- Egress Window(s)
- Finished
- Full
- Shared Access
- Storage Space
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
4
Garage Dimensions:
40x20
Garage Size:
800 ft2
Garage Door Height:
7
Garage Door Width:
16
Foundation Size:
1,440 ft2
Fencing:
Full
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Ductless Mini-Split
- Forced Air
- Hot Water
- Radiant
Parking Features:
Detached Garage
Shared Amenities:
- Common Garden
- Deck
- Laundry
- Patio
- Porch
Road Frontage:
- City Street
- Curbs
- Sidewalks
- Street Lights
Exterior Material:
Frame
Roof Details:
Age 8 Years or Less
Rooms
Shared Rooms:
Other
Laundry:
- Common Area
- In Basement
- In Unit
- Lower Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.11
Geolocation:
44.9533726411, -93.2901267143
Lot Dimensions:
40 x 119
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
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
Tenant Expenses:
Broadband, Cable TV, Electricity, Fuel, Gas, Heat
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$15,137
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$15,137
Income
Annual Gross Income:
$104,400
Rent
Annual Net Income:
$71,400
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
Mortgage Calculator
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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 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.