For Sale: Minneapolis MLS# 6758091
Active
$490,000
Commercial: Apartments
Built 1959
0.14 acres
Minneapolis schools
MLS# 6758091
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Property Description
5-Unit building + caretaker office with separate entrance & bathroom. Each of the 5 units are 2 bedroom units. Caretaker office could possibly be converted to efficiency unit with city approval. Beautiful Seward Neighborhood - Walking distance to Augsburg College and short bike ride to U of M. All units have windows on 3-sides. Individual units and common areas have some upgrades. Newer water heater and boiler. Great opportunity to build equity. $30K improvements this Fall include new living room windows, including the siding above and below the windows. Unifi keyless entry. Laundry room in lower level.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$490,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1959
State:
MN
Property Style:
Apartments
Zip Code:
55404
Neighborhood/Area:
Seward
Subdivision Name:
Westfalls Add
Interior
Ceiling Height:
8-10
Ranges:
Five
Refrigerators:
Five
Appliances Included:
- Exhaust Fan
- Range
- Refrigerator
Basement Details:
- Block
- Egress Window(s)
- Full
- Storage Space
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
5
Air Conditioning:
Window Unit(s)
Foundation Size:
1,708 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Parking Lot
- Paved
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.14
Geolocation:
44.960094, -93.242074
Inclusions:
Building
Lot Dimensions:
30 x 30 x 157 x 19 x 158
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Schools
School District:
1
District Phone:
612-668-0000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$10,706
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$11,006
Income
Annual Gross Income:
$72,600
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
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 RE/MAX Results.
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.