For Sale: Minneapolis MLS# 7040440
Active
NEW!
$729,900
Multi-family: Fourplex
8 br • 4 ba • Built 1921
4,396 sqft • 0.13 acres
MLS# 7040440
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Property Description
Solid, income producing 4plex. All units 2/1 900ft2. Premium location in South Uptown situated on quiet, tree-lined street in Lyndale neighborhood. Recently updated Big ticket items done - high efficiency, tankless radiator system (heat; $20k), all new windows (40k). Kitchens & baths in last 8 yrs. Timeless, gleaming hardwood floors & builtin buffets in all units - well preserved character galore. Serene courtyard in the back as well as 4-car garage - 1per unit. Clean, dry basement provides shared laundry & storage. Close to all the action - rose garden, Bde Maka Ska, bike trails, nightlife & shopping. Ave rent $1390/unit. Separate utilities per unit.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$729,900
Price per sq ft:
$166
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1921
State:
MN
Property Style:
Fourplex
Zip Code:
55408
Neighborhood/Area:
48
Subdivision Name:
Bakers Add
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
4,396 ft2
Living Area:
4,396 ft2
Refrigerators:
Four
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
4
Garage Size:
400 ft2
Foundation Size:
2,198 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
Detached Garage
Shared Amenities:
- Coin-op Laundry Owned
- Patio
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Roof Details:
Flat
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.13
Geolocation:
44.938823, -93.285242
Lot Dimensions:
45 X 130
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Light
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$200
Annual Insurance Expense:
$6,500
Annual Maintenance Expense:
$1,500
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,121
Tenant Expenses:
Broadband, Cable TV, Electricity, Fuel
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$12,201
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,201
Income
Annual Gross Income:
$66,600
Rent
Annual Net Income:
$57,529
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water - In Street
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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 Verde Real Estate Group.
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.