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For Sale:  Minneapolis MLS# 7061062

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Active NEW!
$775,000
/mo Edit
Multi-family:  Fourplex
8 br • 4 ba • Built 1916
0.32 acres
Minneapolis schools
MLS# 7061062
763-576-8286
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    Property Description

    Opportunity and character come together on this rare double lot. This classic four plex offers immediate appeal for investors seeking rental income or owner occupants looking to offset their mortgage with additional units. Set on one side of the property, the traditional building leaves generous open space on the other, offering flexibility for future development, private green space, or even a neighborhood garden. Each of the four units features a similar layout filled with timeless charm, including two bedrooms, one bathroom, high ceilings, hardwood floors, original woodwork, built-ins, abundant natural light, and a sunroom. Outside, the oversized lot provides ample off-street parking, a fenced backyard, and a patio for added outdoor enjoyment.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $775,000
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1916
    State: MN
    Property Style: Fourplex
    Zip Code: 55408
    Neighborhood/Area: 48
    Subdivision Name: Richardsons Add

    Interior

    Bedrooms: 8
    Bathrooms: 4
    Refrigerators: Four
    Basement Details:
    • Storage/Locker
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 2,020 ft2
    Fencing: Chain Link
    Handicap Accessible: None
    Heating System: Radiator
    Parking Features: Parking Lot
    Shared Amenities:
    • Coin-op Laundry Owned
    • Laundry
    Road Frontage: City Street
    Roof Details: Age Over 8 Years

    Rooms

    Laundry: In Basement

    Lot & Land

    Acres: 0.32
    Geolocation: 44.9453, -93.282557
    Lot Dimensions: 83 x 165
    Zoning:
    • Residential-Multi-Family
    • Residential-Single Family
    Lot Description: Public Transit (w/in 6 blks)

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $600
    Annual Fuel Expense: $3,408
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $3,960
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $10,427
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $10,427

    Income

    Annual Gross Income: $40,800

    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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    Payment:  /mo

    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!

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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.