For Sale: Minneapolis MLS# 7062517
Active
NEW!
$675,000
Multi-family: Fourplex
6 br • 4 ba • Built 1889
3,678 sqft • 0.16 acres
Minneapolis schools
MLS# 7062517
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Property Description
Well-maintained and cash-flowing 4-plex opportunity in the desirable Seward neighborhood! Property features three 1-bedroom units and one 3-bedroom unit. Recent updates include: new tub in the 3-bedroom unit (2025); roof, siding, and main front entry door (2023); upper unit bathroom windows (2019); front entry tile flooring (2017); and complete back staircase rebuild and chimney repair (2016). Additional appliance upgrades throughout ownership, including newer dishwashers in all units.
Effective June 1, 2026–May 31, 2027, the three 1-bedroom units are leased at $1, 375, $1, 325, and $1, 265/month. The 3-bedroom unit, previously rented at $1, 785/month, will be vacant as of May 31st—offering excellent owner-occupant or value-add potential.
Owner pays water, sewer, and garbage; tenants pay gas & electric. Great opportunity for both investors and owner-occupants alike!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$675,000
Price per sq ft:
$184
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1889
State:
MN
Property Style:
Fourplex
Zip Code:
55406
Neighborhood/Area:
67
Subdivision Name:
Fair Ground Add
Interior
Bedrooms:
6
Bathrooms:
4
Finished Area:
3,678 ft2
Living Area:
3,678 ft2
Refrigerators:
Four
Basement Details:
- Full
- Storage Space
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
20x22
Garage Size:
440 ft2
Foundation Size:
1,415 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Gravel
Shared Amenities:
- Laundry
- Porch
Road Frontage:
City Street
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
Laundry:
- In Basement
- Lower Level
Lot & Land
Acres:
0.16
Geolocation:
44.961785, -93.236675
Lot Dimensions:
40 x 179
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,153
Annual Maintenance Expense:
None
Annual Trash Expense:
$160
Annual Water/Sewer Expense:
$160
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,356
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,356
Income
Annual Gross Income:
$69,000
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$56,111
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.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Engel & Volkers Minneapolis Downtown.
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.