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For Sale:  Minneapolis MLS# 6807203

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Active NEW!
$549,900
/mo Edit
Multi-family:  Triplex
Built 1954
1,809 sqft • 0.13 acres
Minneapolis schools
MLS# 6807203
763-576-8286
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    Property Description

    All information deemed reliable, but not guaranteed. Buyer agent to verify all measurements. Property is being sold in as is condition.   Rare Triplex Opportunity in South Minneapolis! Live in one unit and let your tenants help pay the mortgage — or rent all three for great income potential. Whether you choose to live in one unit and rent the others, or lease all three, this Triplex provides an excellent blend of comfort, location, and strong cash flow.    Located blocks from Minnehaha Creek and close to Lake Nokomis, enjoy easy access to parks, trails, restaurants, and public transportation.   The property includes three units — 2-bedroom with a private deck, a 1-bedroom, and a bright studio — plus a 3-car garage and large unfinished basement with laundry and ample storage (separate storage rooms for each unit). Brand new roof, new gutters and new sewer liner will put the new owner's mind at ease. 2 units are vacant and ready to move-in.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $549,900
    Price per sq ft: $304
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 3
    County: Hennepin
    Year Built: 1954
    State: MN
    Property Style: Triplex
    Zip Code: 55407
    Neighborhood/Area: Northrop
    Subdivision Name: Grieps Add

    Interior

    Finished Area: 1,809 ft2
    Living Area: 1,809 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details:
    • Block
    • Full

    Exterior

    Stories: One
    Garage Spaces: 3
    Garage Dimensions: 29' x 21'
    Garage Size: 609 ft2
    Foundation Size: 1,980 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Tuckunder Garage
    Shared Amenities: None
    Road Frontage: City Street
    Exterior Material:
    • Brick/Stone
    • Stucco
    Roof Details: Age 8 Years or Less

    Lot & Land

    Acres: 0.13
    Geolocation: 44.921668, -93.252009
    Lot Dimensions: 5, 663
    Zoning: Residential-Multi-Family

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $1,200
    Annual Insurance Expense: $5,800
    Annual Maintenance Expense: None
    Annual Gross Expense: $10,640
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,640
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $8,616
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,616

    Income

    Annual Gross Income: $31,980

    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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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Link Real Estate Services.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.