For Sale: Minneapolis MLS# 6779599
Active
NEW!
$849,000
Multi-family: Four Plex
Built 1900
5,634 sqft • 0.15 acres
Minneapolis schools
MLS# 6779599
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Property Description
Great investment 4-plex opportunity with good cash flow. All units are rented and the property has an excellent rental history. Well maintained and updated. New electrical system. Three spacious 2 bedroom one bath units and a large 2-floor 5 bedroom and two bath unit. Separate electrical and gas for each unit. Unit 1 leases for $1, 390/month at $1, 390 through August 31, 2026. Unit 2 leases for $1, 420/month through July 31, 2026. Unit 3 leases for $1, 410/month and is a month-to-month contract. Unit 4 leases for $2, 440/month through May 31, 2026. Original features include a classic front porch, hardwood floors, leaded glass windows. A driveway is on the Southside of the property. Located in a historically designated area. Highly walkable to the Hennepin and Lyndale corridors with stores, restaurants and entertainment venues close by.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$849,000
Price per sq ft:
$151
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Four Plex
Zip Code:
55405
Neighborhood/Area:
Lowry Hill East
Subdivision Name:
Browns Rgt Of Blks 6 & 7 Sunnyside
Interior
Finished Area:
5,634 ft2
Living Area:
5,634 ft2
Basement Details:
- Full
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,836 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Forced Air
- Hot Water
Parking Features:
On-Street Parking Only
Exterior Material:
Wood Siding
Lot & Land
Acres:
0.15
Geolocation:
44.959426, -93.289669
Lot Dimensions:
49.58 x 134.85
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
$1,200
Annual Electric Expense:
$327
Annual Fuel Expense:
$533
Annual Insurance Expense:
$3,849
Annual Maintenance Expense:
$800
Annual Gross Expense:
$24,220
Annual Trash Expense:
$1,716
Annual Water/Sewer Expense:
$3,687
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$10,669
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$10,723
Income
Annual Gross Income:
$75,725
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
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 Lakes Area Realty.
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.