For Sale: Minneapolis MLS# 7096268
Active
NEW!
$499,900
Multi-family: Apartments
4 br • 4 ba • Built 1929
2,760 sqft • 0.11 acres
Minneapolis schools
MLS# 7096268
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Property Description
Gas water heater for Unit 2 was replaced in 2023. The boiler system is only 7 years old. This well-maintained and conveniently located fourplex is situated in a desirable neighborhood and boasts a strong rental history, with three units currently occupied. A bus stop is located right outside the front door for added convenience. Features include hardwood floors, radiator heat, and individual water heaters for each unit. An excellent investment opportunity with consistent rental demand.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$499,900
Price per sq ft:
$181
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1929
State:
MN
Property Style:
Apartments
Zip Code:
55407
Neighborhood/Area:
64
Interior
Bedrooms:
4
Bathrooms:
4
Finished Area:
2,760 ft2
Living Area:
2,760 ft2
Refrigerators:
One Per Unit
Basement Details:
Partial
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,380 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Hot Water
Shared Amenities:
- Coin-op Laundry Owned
- Patio
Road Frontage:
City Street
Roof Details:
Flat
Rooms
Shared Rooms:
Other
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.11
Geolocation:
44.944276, -93.262223
Lot Dimensions:
124 x 40
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$750
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,000
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,000
Annual Water/Sewer Expense:
$2,200
Tenant Expenses:
Cable TV, Electricity, Fuel, Insurance
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$8,532
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,532
Income
Annual Gross Income:
$58,500
Misc. Annual Income:
$1,500
Misc. Monthly Income:
None
Rent
Annual Net Income:
$39,050
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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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 Jason Mitchell Group.
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.