For Sale: Minneapolis MLS# 7069318
Active
NEW!
$675,000
Multi-family: Fourplex
8 br • 4 ba • Built 1904
4,732 sqft • 0.19 acres
Minneapolis schools
MLS# 7069318
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Property Description
Prime Investment Opportunity in Whittier – Uptown Minneapolis
Located in the highly sought-after Whittier neighborhood of Uptown Minneapolis, this well-maintained four-unit property presents an exceptional investment opportunity. Situated on an extra-wide 64-foot lot, the building combines spacious units, thoughtful updates, and a prime location known for strong and consistent rental demand—ideal for investors seeking reliable, long-term income.
Property Highlights:
Unit 1 & Unit 2:
Two expansive 3-bedroom units featuring beautiful hardwood floors, cozy fireplaces, and tasteful updates throughout. Unit 1 has been recently enhanced with refinished floors, updated tile, modern cabinetry, and elegant granite countertops, offering both style and durability.
Unit 3 (Top Floor):
A bright and spacious 2-bedroom unit complete with a private deck, gas fireplace, and luxury vinyl flooring. The updated kitchen showcases sleek granite countertops, creating a modern and inviting living space that appeals to quality tenants.
Lower-Level Studio:
A well-designed studio apartment with its own egress, providing added safety and functionality. This unit also includes access to a utility room with owned coin-operated laundry, generating additional income potential.
Parking & Improvements:
The property includes three garage stalls along with ample off-street parking—a valuable amenity in this high-demand area. A brand-new roof installed in 2024 offers peace of mind and minimizes near-term capital expenses.
Location & Investment Potential:
Positioned in the heart of Uptown Minneapolis, residents enjoy close proximity to popular restaurants, shopping, parks, and convenient public transit. The Whittier neighborhood continues to attract renters, ensuring strong occupancy rates and stable cash flow.
With its generous unit sizes, recent upgrades, and unbeatable location, this property stands out as a turnkey investment with excellent upside potential.
Don’t miss this rare opportunity to own a high-performing multi-family property in one of Minneapolis’ most desirable rental markets. Schedule your showing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$675,000
Price per sq ft:
$143
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1904
State:
MN
Property Style:
Fourplex
Zip Code:
55405
Neighborhood/Area:
84
Subdivision Name:
Badger & Penneys Add
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
4,732 ft2
Living Area:
4,732 ft2
Refrigerators:
One Per Unit
Basement Details:
- Block
- Egress Window(s)
- Finished
- Partially Finished
- Shared Access
- Single Tenant Access
- Walkout
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
3
Garage Size:
900 ft2
Foundation Size:
1,544 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Radiator
Parking Features:
- Concrete
- Detached Garage
Shared Amenities:
- Coin-op Laundry Owned
- Laundry
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
- Common Area
- In Basement
Lot & Land
Acres:
0.19
Geolocation:
44.962059, -93.283868
Lot Dimensions:
64 x 129
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$900
Annual Fuel Expense:
$8,100
Annual Insurance Expense:
$6,200
Annual Maintenance Expense:
$500
Annual Trash Expense:
$1,800
Annual Water/Sewer Expense:
$2,400
Tenant Expenses:
Broadband, Cable TV, Electricity, Telephone
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$9,656
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,656
Income
Annual Gross Income:
$67,800
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- 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 Bridge Realty, LLC.
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.