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For Sale:  Minneapolis MLS# 7145315

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Active NEW!
$427,500
/mo Edit
Multi-family:  Triplex
6 br • 3 ba • Built 1914
5,100 sqft • 0.12 acres
Minneapolis schools
MLS# 7145315
763-576-8286
Open House
         1p - 2p
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    Property Description

    Unique Powderhorn Park Triplex Investment Opportunity! Discover a fantastic investment opportunity just one block from Powderhorn Park. This unique property features three separate units across two buildings, offering flexibility, strong rental potential, and a highly desirable Minneapolis location. Each unit features a private entrance, spacious living room, dining room, kitchen, two bedrooms, and a full bathroom. Front porches provide additional outdoor space, while off-street parking adds convenience for tenants. The duplex building offers shared laundry in the lower level, while the separate single-family structure has its own washer and dryer, providing added privacy and convenience. Located just steps from Powderhorn Park, residents can enjoy easy access to the lake, walking paths, playgrounds, recreation areas, and community amenities. Restaurants, shops, public transportation, and everyday conveniences are also nearby. Whether you're looking to expand your investment portfolio, generate rental income, or explore an owner-occupied opportunity, this three-unit property offers versatility and long-term potential in a sought-after Minneapolis neighborhood.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $427,500
    Price per sq ft: $84
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1914
    State: MN
    Property Style: Triplex
    Zip Code: 55407
    Neighborhood/Area: 64
    Subdivision Name: Tingleys Add

    Interior

    Bedrooms: 6
    Bathrooms: 3
    Finished Area: 5,100 ft2
    Living Area: 5,100 ft2
    Basement Details: Unfinished

    Exterior

    Stories: Modified Two Story
    Garage Spaces: 0
    Foundation Size: 1,112 ft2
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Forced Air
    Parking Features:
    • Assigned
    • Parking Lot

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.12
    Geolocation: 44.946687, -93.256646
    Lot Dimensions: 42 x 123

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,654
    Annual Maintenance Expense: $500
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,727

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $6,529
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,529

    Income

    Annual Gross Income: $51,600

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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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 Real Broker, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.