For Sale: Minneapolis MLS# 6781206
Active
NEW!
$599,000
Multi-family: Four Plex
Built 1959
3,680 sqft • 0.13 acres
Minneapolis schools
MLS# 6781206
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Property Description
High-performing South Minneapolis 4plex. All units are 2BR/1BA. There are also 4 garage stalls accessible via the alley. High-efficiency boiler installed in 2013, & roof was replaced in 2024. The opportunity exists to increase rents, and also rent out large storage rooms in the basement. The building is currently enrolled in Minneapolis 4D program for a significant reduction in the tax bill.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$599,000
Price per sq ft:
$163
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1959
State:
MN
Property Style:
Four Plex
Zip Code:
55407
Neighborhood/Area:
Bancroft
Subdivision Name:
Monroe Bros Sub Of Lts Herrick Haml
Interior
Finished Area:
3,680 ft2
Living Area:
3,680 ft2
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
4
Garage Size:
950 ft2
Foundation Size:
3,040 ft2
Handicap Accessible:
Other
Heating System:
Boiler
Exterior Material:
Stucco
Lot & Land
Acres:
0.13
Geolocation:
44.933721, -93.252003
Lot Dimensions:
125 x 46 x 125 x 46
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:
$24,548
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,001
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$2,001
Income
Annual Gross Income:
$71,220
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
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 MRG Realty Partners, 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.