For Sale: Minneapolis MLS# 6780517
Active
NEW!
$800,000
Multi-family: Four Plex
Built 1892
3,400 sqft • 0.21 acres
Minneapolis schools
MLS# 6780517
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Property Description
High Demand NE Minneapolis location! These 2 Duplexes are situated on one PID and located in a rapidly growing area with significant investment and redevelopment, including new multi-family commercial projects. This well-maintained property features identical 1-Bedroom units, all in excellent condition with central A/C and forced air. Many long-term tenants already in place. An ideal opportunity to hold as a steady investment or explore future development potential.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$800,000
Price per sq ft:
$235
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1892
State:
MN
Property Style:
Four Plex
Zip Code:
55413
Neighborhood/Area:
Logan Park
Subdivision Name:
Johnsons 2nd Add To St Anthony
Interior
Finished Area:
3,400 ft2
Living Area:
3,400 ft2
Basement Details:
Partial
Exterior
Stories:
Two
Garage Spaces:
3
Garage Size:
750 ft2
Foundation Size:
850 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Detached
Road Frontage:
City Street
Exterior Material:
- Stucco
- Wood Siding
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.21
Geolocation:
45.002075, -93.247965
Lot Dimensions:
108 x 82
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:
$39,567
Annual Trash Expense:
$2,520
Annual Water/Sewer Expense:
$2,520
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,870
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,870
Income
Annual Gross Income:
$57,600
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 Coldwell Banker Realty.
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.