For Sale: Minneapolis MLS# 7010316
Active
NEW!
$675,000
Multi-family: 2 Stories
8 br • 4 ba • Built 1900
2,800 sqft • 0.21 acres
MLS# 7010316
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Property Description
Four unit building in prime North East MPLS, one of the strongest rental markets in the metro! Tons of updates including exterior paint, maintenance free decking on front porch, full interior upgrades including new cabinets, countertops, flooring, paint, bathroom remodels, stainless steel appliances and more! Current rents are $1775 for unit 4, $1625 for unit 1, and $1520 for unit 2. Fill the remaining vacancy in unit 3 and have a rent roll of $6695/MO, or house hack and live for free! Coin Op laundry and architectural plans available for finishing the basement and adding 4 bedrooms! Double lot and off street parking add future possibilities. Tenants responsible for heat & electricity. Recent rental inspection passed with city, tier 1 license.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$675,000
Price per sq ft:
$241
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
2 Stories
Zip Code:
55418
Neighborhood/Area:
2
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
2,800 ft2
Living Area:
2,800 ft2
Refrigerators:
Four
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,400 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
- Baseboard
- Gravity
Parking Features:
Detached Garage
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Pool:
None
Roof Details:
Flat
Lot & Land
Acres:
0.21
Geolocation:
45.0242294932, -93.2456988669
Lot Dimensions:
125 x 74
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
- Tree Coverage - Medium
Schools
School District:
558
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
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,314
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,314
Income
Annual Gross Income:
$59,040
Rent
Annual Net Income:
None
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- 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 Keller Williams Classic Rlty NW.
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.