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For Sale:  Minneapolis MLS# 6729868

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Active Lender Owned
$499,900
/mo Edit
Multi-family:  Four Plex
Built 1914
4,200 sqft • 0.14 acres
Minneapolis schools
MLS# 6729868
763-576-8286
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    Property Description

    Welcome to this classic fourplex on a corner lot in the vibrant Powderhorn Park neighborhood of Minneapolis! Whether you’re an investor looking for income potential or an owner-occupant seeking a multi-unit home, this rare offering—complete with split utilities—promises a blend of character, convenience, and long-term value in a sought-after location. This well-maintained investment property offers four charming 1-bedroom, 1-bath units, each showcasing original built-in storage and buffets, rich hardwood floors throughout, fresh interior and exterior paint, and private back porches/decks overlooking the fully fenced yard with updated river rock landscaping—perfect for relaxation or play. Each unit also has a three-season front porch, great for extra living space or storage. The shared basement provides individual storage lockers and shared laundry for tenant convenience, while a detached two-stall garage and additional parking pad (fits 4 cars) deliver valuable off-street parking. Recent updates include a new hot water heater (‘25), new LED overhead lighting fixtures throughout, electronic locks for added security, new gutters, and four high-efficiency furnaces. Powderhorn Park is down the street and is a highly desirable area known for its community-focused events, strong rental demand, and convenient proximity to downtown, public transit, parks, local shops, and dining options. Don't miss out!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $499,900
    Price per sq ft: $119
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1914
    State: MN
    Property Style: Four Plex
    Zip Code: 55407
    Neighborhood/Area: Powderhorn Park
    Subdivision Name: Auditor's subd No 049

    Interior

    Finished Area: 4,200 ft2
    Living Area: 4,200 ft2
    Basement Details:
    • Full
    • Shared Access
    • Storage/Locker
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 20x20
    Garage Size: 400 ft2
    Foundation Size: 1,400 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Hot Water
    Parking Features: Detached
    Shared Amenities:
    • Deck
    • Patio
    • Porch
    Road Frontage:
    • Paved Streets
    • Sidewalks
    Exterior Material: Wood Siding
    Roof Details:
    • Flat
    • Rubber

    Lot & Land

    Acres: 0.14
    Geolocation: 44.9411842727, -93.2616623682
    Lot Dimensions: 50 X 122
    Zoning: Residential-Multi-Family
    Lot Description: Corner Lot

    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

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $1,705
    Lender-owned: Yes
    Assessment Pending: Unknown
    Taxes w/ Assessments: $1,705

    Income

    Annual Gross Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.