For Sale: Minneapolis MLS# 7143353
Active
$194,900
Commercial: Other
Built 1964
0.25 acres
Minneapolis schools
MLS# 7143353
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Property Description
Excellent opportunity to acquire a 6-unit multifamily property in a convenient and established location. The building features 1 one-bedroom unit and 5 two-bedroom units, offering an attractive unit mix for investors seeking strong rental income potential.
SOLD AS IS and rehab ready, providing an opportunity for an investor or owner-operator to renovate and reposition the property to maximize its income potential.
Property Highlights:
Street parking directly in front of the building, with an add'l
parking lot located behind the building.
Located just 1 block from Lyndale Avenue/busline/walkability.
Approximately 3 blocks from Fairview Park
Convenient access to nearby neighborhood amenities, transportation, shopping, and services.
48 hour notice for showing. Property Management Representative will provide access 10am-3pm. Monday - Friday
Listing
Listing Status:
Active
Contingency:
None
List Price:
$194,900
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1964
State:
MN
Property Style:
Other
Zip Code:
55411
Neighborhood/Area:
31
Subdivision Name:
Cobbs Add To North
Exterior
Garage Spaces:
0
Foundation Size:
1,776 ft2
Foundation Dimensions:
48x61
Fencing:
Full
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
- Off Site
- Parking Lot
Road Frontage:
City Street
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.25
Geolocation:
45.002944, -93.287477
Inclusions:
Building
Lot Dimensions:
68 x 161
Zoning:
- Residential-Multi-Family
- Residential-Single Family
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:
Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,041
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,261
Income
Annual Gross Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Heating Common
- Heating Separate
Water System:
City Water/Connected
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 Banneker Realty, LLC.
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.