For Sale: Minneapolis MLS# 6721657
Active
$340,000
Multi-family: Other
Built 1900
2,780 sqft • 0.14 acres
Minneapolis schools
MLS# 6721657
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Property Description
Investor Opportunity – Value-Add Triplex with Bonus Villa
Bring this Minneapolis triplex back to life and unlock serious income potential. With updates to
siding, windows, and interior finishes, this property can quickly transition into a strong cash-
flowing asset. Classic interior woodwork adds character, while the flexible layout provides
multiple revenue streams.
Property Breakdown:
? Main Level Unit – Currently an office with three private rooms and a sunroom. Convert
back to residential or keep as live/work space to maximize rent potential.
? Upper-Level Unit – One-bedroom loft with separate entrance, full kitchen, bathroom,
and living room. Ideal for short- or long-term rental.
? Lower-Level Unit – Two-bedroom apartment with full bath, kitchen, and living room.
Large unit = consistent tenant demand.
? Bonus Villa – Converted Garage – Detached structure with bedroom, bathroom,
kitchen, and oversized living area. Currently a recording studio, but perfect as an
additional rental or Airbnb-style unit for higher returns.
Why Investors Will Love It:
? Multiple income streams from 4 unique units.
? Strong value-add play with renovation upside.
? Prime location near downtown, I-35, bus lines, restaurants, and entertainment.
? As-Is sale = priced with room to create equity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$340,000
Price per sq ft:
$122
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Other
Zip Code:
55404
Neighborhood/Area:
Whittier
Interior
Finished Area:
2,780 ft2
Living Area:
2,780 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
Finished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
990 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
On-Street Parking Only
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.14
Geolocation:
44.958794, -93.27566
Lot Dimensions:
47 x 125 x 47 x 125
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:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,483
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$11,578
Income
Annual Gross Income:
None
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
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 Re/Max Advantage Plus.
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.