For Sale: Minneapolis MLS# 6784665
Active
NEW!
$439,900
Commercial: Apartments/Retail
Built 1907
0.15 acres
Minneapolis schools
MLS# 6784665
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Property Description
Commercial mixed-use building with 10 parking stalls in the back. 4 apartments (3 1 beds & 1 studio), 2 commercial units, flat top, sitting in the heart of north Minneapolis.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$439,900
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1907
State:
MN
Property Style:
Apartments/Retail
Zip Code:
55411
Neighborhood/Area:
Hawthorne
Subdivision Name:
Silver Lake Add
Interior
Ranges:
Four
Refrigerators:
Four
Appliances Included:
- Microwave
- Range
- Refrigerator
Basement Details:
- Partially Finished
- Shared Access
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
10
Air Conditioning:
Window Unit(s)
Foundation Size:
2,553 ft2
Handicap Accessible:
Doors 36"+, Other
Road Responsibility:
Public Maintained Road
Heating System:
Hot Water
Parking Features:
Open
Road Frontage:
- City Street
- Sidewalks
Exterior Material:
Brick/Stone
Roof Details:
Flat
Lot & Land
Acres:
0.15
Geolocation:
45.012825, -93.293968
Inclusions:
Building
Lot Dimensions:
52 x 127
Zoning:
Business/Commercial
Lot Description:
Irregular Lot
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Electric Expense:
$1,771
Annual Fuel Expense:
$5,361
Annual Insurance Expense:
$7,304
Annual Maintenance Expense:
$6,600
Annual Gross Expense:
$36,979
Annual Trash Expense:
$4,331
Annual Water/Sewer Expense:
$3,631
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,981
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,981
Income
Annual Gross Income:
$75,288
Rent
Annual Net Income:
$34,823
Units
Total Units:
6
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Church
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
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 Creative 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.