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For Sale:  Minneapolis MLS# 6822815

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Active NEW!
$625,000
/mo Edit
Multi-family:  Four Plex
8 br • 4 ba • Built 1922
3,740 sqft • 0.14 acres
MLS# 6822815
763-576-8286
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    Property Description

    Well-maintained four-unit building in a prime Northeast Minneapolis location. Each spacious 2BR/1BA unit offers a functional layout, great natural light, and hardwood floors. The property has been thoughtfully cared for with newer boilers, updated electrical with exterior meters, and ongoing plumbing updates already completed. Fully rented with solid rental history, tenant-paid gas and electric, and efficient operating expenses. Kitchens and baths are clean and functional, with value-add potential for future rent increases. Includes off-street parking, a detached two-stall garage, and a clean basement for storage. Convenient to parks, restaurants, breweries, transit, and everything that makes Northeast a high-demand rental area. A strong opportunity for investors or owner-occupants looking for a stable building with upside. Hands down the best investment value in NE Minneapolis.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $625,000
    Price per sq ft: $167
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1922
    State: MN
    Property Style: Four Plex
    Zip Code: 55418
    Neighborhood/Area: 2
    Subdivision Name: Windom Park Add

    Interior

    Bedrooms: 8
    Bathrooms: 4
    Finished Area: 3,740 ft2
    Living Area: 3,740 ft2
    Basement Details: Block

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 576 ft2
    Foundation Size: 1,870 ft2
    Handicap Accessible: None
    Heating System: Radiator

    Rooms

    Laundry: In Basement

    Lot & Land

    Acres: 0.14
    Geolocation: 45.014849, -93.238056
    Lot Dimensions: 125 x 50

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $240
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Electricity, Fuel

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $9,940
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,940

    Income

    Annual Gross Income: $45,780
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    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 RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.