For Sale: Minneapolis MLS# 7069867
Active
NEW!
$450,000
Commercial: Other
6 br • 5 ba • Built 1963
0.14 acres
Minneapolis schools
MLS# 7069867
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Property Description
5-unit multifamily asset in established South Minneapolis neighborhood offering stable cash flow and value-add upside. Property features brick construction and boiler-fed baseboard heating system. Ownership is open to flexible deal structure, including conventional financing or contract for deed. Unit 3/5 are currently month-to-month. Please do not disturb tenants.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$450,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1963
State:
MN
Property Style:
Other
Zip Code:
55404
Neighborhood/Area:
54
Subdivision Name:
Melvilles Rgt Blks Brackett & Boveys
Interior
Bedrooms:
6
Bathrooms:
5
Refrigerators:
Five
Appliances Included:
- Range
- Refrigerator
Exterior
Stories:
Three Or More
Garage Spaces:
0
Garage Dimensions:
0
Air Conditioning:
Wall Unit(s)
Foundation Size:
1,200 ft2
Foundation Dimensions:
48'x28'
Handicap Accessible:
None
Heating System:
- Baseboard
- Boiler
Parking Features:
- More Parking Offsite for Fee
- Parking Lot
- Unassigned
Roof Details:
- Age 8 Years or Less
- Composition
Lot & Land
Acres:
0.14
Geolocation:
44.958415, -93.260939
Inclusions:
Building, Land
Lot Dimensions:
6, 098 SF / 0.14 AC
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$2,170
Annual Electric Expense:
$369
Annual Fuel Expense:
$3,615
Annual Insurance Expense:
$7,900
Annual Maintenance Expense:
$2,231
Annual Trash Expense:
$2,229
Annual Water/Sewer Expense:
$2,195
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,320
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,320
Income
Annual Gross Income:
$53,226
Rent
Annual Net Income:
$14,954
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Hot Water Common
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 AR Realty Group Inc..
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.