For Sale: Minneapolis MLS# 6770304
Active
NEW!
$474,900
Multi-family: Triplex
Built 1900
3,554 sqft • 0.11 acres
Minneapolis schools
MLS# 6770304
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Property Description
A great investment opportunity located steps away from Lake Street. This building features 3 individual dwelling units with front and back ingress/egress; Unit 1 (1st floor) features 4 bedrooms, 1 full bathroom, and spacious kitchen/living area; Unit 2 (2nd floor) features 4 bedrooms, 1 full bathroom, and a spacious kitchen/living area; Unit 3 (3rd Floor) features 2 bedrooms, 3/4 bathroom, and smaller kitchen/living area. The building also features a large unfinished basement that provides communal storage for all units. The location of the property is blocks away from American Swedish Institute, downtown Minneapolis and Highway 35W.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$474,900
Price per sq ft:
$134
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Triplex
Zip Code:
55407
Neighborhood/Area:
Phillips West
Subdivision Name:
Wood & Smith Sub Lt 1 Emersons Add
Interior
Finished Area:
3,554 ft2
Living Area:
3,554 ft2
Basement Details:
- Full
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
25x20
Garage Size:
500 ft2
Foundation Size:
1,350 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Exterior Material:
Stucco
Lot & Land
Acres:
0.11
Geolocation:
44.948739, -93.265639
Lot Dimensions:
41 x 118
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,356
Lender-owned:
Not disclosed
Assessment Pending:
No
Taxes w/ Assessments:
$5,356
Income
Annual Gross Income:
$69,600
Misc. Annual Income:
None
Units
Total Units:
3
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 National Realty Guild.
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.