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For Sale:  Minneapolis MLS# 7036611

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Active NEW!
$685,000
/mo Edit
Multi-family:  Triplex
7 br • 4 ba • Built 1900
3,290 sqft • 0.25 acres
MLS# 7036611
763-576-8286
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    Property Description

    Exceptional triplex offering strong rental potential and owner-occupant appeal! The property features two upper-level units—each with two bedrooms, a spacious living room, and recently updated kitchens with new appliances, lighting, and fresh paint. Both upper units have separate electrical panels and gas meters, multiple private entrances, and shared coin-operated laundry. The main-level unit is currently owner-occupied and offers three bedrooms, generous dining and living spaces, and laundry in the lower level. Recent improvements include new windows throughout main level, a secure gated yard with a full security system, and beautiful landscaping. Large 3-stall garage (approximately 62' x 23') and an expansive unfinished basement, providing potential for additional living space or storage. Conveniently located near parks, schools, public transit, and restaurants—this turn-key investment is ready for its next chapter!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $685,000
    Price per sq ft: $208
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 3
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Triplex
    Zip Code: 55413
    Neighborhood/Area: 72
    Subdivision Name: Steele & Russells Or Russells Add

    Interior

    Bedrooms: 7
    Bathrooms: 4
    Finished Area: 3,290 ft2
    Living Area: 3,290 ft2
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 3
    Foundation Size: 1,586 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • Concrete
    • Detached Garage
    • Heated Garage
    • Insulated Garage
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lot & Land

    Acres: 0.25
    Geolocation: 44.991952, -93.25681
    Lot Dimensions: 66 x 165
    Zoning: Residential-Multi-Family

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $8,142
    Annual Fuel Expense: $3,600
    Annual Insurance Expense: $2,670
    Annual Maintenance Expense: $200
    Annual Trash Expense: $1,386
    Annual Water/Sewer Expense: $2,184

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $11,925
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $11,925

    Income

    Annual Gross Income: $14,700

    Rent

    Annual Net Income: $21,258

    Units

    Total Units: 3

    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.