For Sale: Minneapolis MLS# 7038532
Active
NEW!
$525,000
Multi-family: Triplex
6 br • 3 ba • Built 1900
3,436 sqft • 0.17 acres
MLS# 7038532
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Property Description
Fantastic opportunity to own a well-located triplex in the heart of Minneapolis! Situated near Bde Maka Ska and Lake of the Isles, this property offers unbeatable access to parks, trails, dining, and everything Uptown has to offer.
This income-producing property features three separate units, making it ideal for both investors and owner-occupants looking to offset their mortgage. Each unit offers functional layouts with strong rental appeal, and the property presents an excellent opportunity for value-add through cosmetic updates or rent optimization.
Located in a high-demand rental area with consistent tenant interest, this triplex is perfectly positioned for long-term appreciation and steady cash flow. Easy access to downtown and major transit routes adds to the desirability for tenants.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$525,000
Price per sq ft:
$153
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Triplex
Zip Code:
55405
Neighborhood/Area:
47
Subdivision Name:
Sunnyside Add
Interior
Bedrooms:
6
Bathrooms:
3
Finished Area:
3,436 ft2
Living Area:
3,436 ft2
Basement Details:
Single Tenant Access
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
1
Garage Size:
200 ft2
Foundation Size:
1,227 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
Detached Garage
Lot & Land
Acres:
0.17
Geolocation:
44.960432, -93.288932
Lot Dimensions:
58 x 128.8
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$10,541
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$13,757
Income
Annual Gross Income:
$43,080
Units
Total Units:
3
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 Fuze Real Estate.
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.