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Active NEW!
$1,195,000
/mo Edit
Multi-family:  Triplex
15 br • 12 ba • Built 2020
6,430 sqft • 0.13 acres
Minneapolis schools
MLS# 7062934
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    Property Description

    Impressive and spacious modern living in the heart of the city with this exceptional multi-level tri-plex. Each unit offers a private entrance, 5 sizable bedrooms and 4 baths. The main living levels are bright and inviting, with open-concept designs filled with natural light. Expansive living and dining areas flow effortlessly into modern kitchens equipped with granite countertops, stainless steel appliances, and abundant cabinetry. Each unit is fully equipped with in-unit laundry, enhancing day-to-day convenience, separate mechanicals, and unbeatable walkability. This is a rare investment opportunity in a desirable location.

    Listing

    Contingency: None
    Price per sq ft: $186
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Triplex
    Zip Code: 55405
    Neighborhood/Area: 47
    Subdivision Name: Sunnyside Add

    Interior

    Living Area: 6,430 ft2
    Refrigerators: One Per Unit
    Basement Details:
    • Block
    • Egress Window(s)
    • Finished
    • Full

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 1,650 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Assigned
    Shared Amenities: Fire Sprinkler System
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Pool: None
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Rooms

    Laundry:
    • In Basement
    • In Unit

    Lot & Land

    Acres: 0.13
    Geolocation: 44.961541, -93.288927
    Lot Dimensions: 45 x 124
    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: $4,200
    Annual Maintenance Expense: $2,100
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $5,687
    Tenant Expenses: Cable TV, Electricity, Gas

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $17,868
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $17,868

    Income

    Annual Gross Income: $110,040
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $95,253

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water - In Street
    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!

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty - Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.