For Sale: Minneapolis MLS# 7039884
Active Contingent
NEW!
$479,900
Multi-family: Fourplex
5 br • 4 ba • Built 1956
2,577 sqft • 0.16 acres
MLS# 7039884
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Property Description
Corner lot overlooking Northeast Athletic Park. Property is across the street from Jim Lupient Water Park. Season Pass is only $50. South facing views of Park and lots of open space. One and half story featuring two bedroom unit upstairs, two one bedroom units on main floor, and one one bedroom unit down. Some leases are gross so current owner pays utilities, because of the meter configuration. Rents are not reflective of current market rates. Couple tenants been there 20-30 years. Most leases are month to month, except one goes to end November. Need lots of notice show. Drive by 1st.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$479,900
Price per sq ft:
$186
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1956
State:
MN
Property Style:
Fourplex
Zip Code:
55413
Neighborhood/Area:
60
Subdivision Name:
Honnettes Add
Interior
Bedrooms:
5
Bathrooms:
4
Finished Area:
2,577 ft2
Living Area:
2,577 ft2
Refrigerators:
Four
Basement Details:
- Full
- Storage Space
Exterior
Stories:
One and One Half
Garage Spaces:
2
Garage Dimensions:
22x22
Garage Size:
484 ft2
Foundation Size:
1,432 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Forced Air
- Other
Parking Features:
Detached Garage
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Roof Details:
- Age Over 8 Years
- Asphalt
Rooms
Laundry:
Common Area
Lot & Land
Acres:
0.16
Geolocation:
45.004306, -93.239359
Lot Dimensions:
55.75 x 125
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
Farm
Topography:
Level, Solar Oriented
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$1
Annual Electric Expense:
$1,501
Annual Fuel Expense:
$2,240
Annual Insurance Expense:
$1,896
Annual Maintenance Expense:
$1
Annual Trash Expense:
$1
Annual Water/Sewer Expense:
$3,161
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$9,676
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$9,155
Income
Annual Gross Income:
$43,440
Rent
Annual Net Income:
$25,285
Units
Total Units:
4
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.
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Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
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.