For Sale: Minneapolis MLS# 6643931
Active
$439,900
Multi-family: Four Plex
Built 1885
3,200 sqft • 0.13 acres
Minneapolis schools
MLS# 6643931
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Property Description
Solid, steady income producing 4-plex in S Mpls. Updates have been done throughout as needed. Four 1br units, all same layout - separate meters for tenants to pay gas & electric. Current rents - Unit 1: $1, 000, Unit 2: $1, 050 Unit 3: $1, 100; Unit 4: $1, 010. Unit can be made available for owner-occ.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$439,900
Price per sq ft:
$137
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1885
State:
MN
Property Style:
Four Plex
Zip Code:
55407
Neighborhood/Area:
Phillips West
Subdivision Name:
Shepards Sub Of Lt 10 Emersons Add
Interior
Finished Area:
3,200 ft2
Living Area:
3,200 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,600 ft2
Handicap Accessible:
None
Heating System:
- Forced Air
- Gravity
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
- Brick/Stone
- Fiber Cement
- Wood Siding
Lot & Land
Acres:
0.13
Geolocation:
44.954576, -93.26352
Lot Dimensions:
54 x 122
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
$9,406
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,803
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$6,080
Income
Annual Gross Income:
$50,400
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
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Verde Real Estate 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.