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For Sale:  Minneapolis MLS# 6781335

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Active NEW!
$1,075,000
/mo Edit
Multi-family:  Triplex
Built 1900
3,394 sqft • 0.28 acres
Minneapolis schools
MLS# 6781335
763-576-8286
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    Property Description

    This triplex is being sold primarily for its land value. Rare teardown opportunity with sweeping westerly views of Lake Bde Maka Ska! Large 12, 000+ sf site affords 6, 000+ of above ground buildable square footage (FAR). The site offers a perfect setup for a boutique 2- or 3-unit condo project or for a luxury single family new build. Zoning is 2040 Interior 2. The extra deep site offers numerous layout and greenspace options as well. A detached 3-car garage offers an exceptional material staging area during the project or can be refreshed and maintained in its current state for a cost savings measure. Current structure is a well-maintained triplex that can offer excellent supplemental income during the planning process…or as a holding place for a future project. Unit break out is 2/2/1-bedroom units. The triplex also has its roots as a single-family home, so there is whole-house project option here as well. The Mpls’ lakes area is a favorite for many, with its miles of interconnected trails and nearby local shops and restaurants. Lake Bde Maka Ska offers mooring options for sail boats, local beaches, cannel connections to Isles and Cedar, and the restaurant, Pimento on the Lake, which is just 2 short blocks from the site. Please do not walk the site without an appointment, the building is occupied.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,075,000
    Price per sq ft: $317
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 3
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Triplex
    Zip Code: 55408
    Neighborhood/Area: ECCO
    Subdivision Name: Calhoun Park

    Interior

    Finished Area: 3,394 ft2
    Living Area: 3,394 ft2
    Ranges: Two
    Basement Details:
    • Full
    • Shared Access
    • Storage Space
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 3
    Garage Size: 660 ft2
    Foundation Size: 1,404 ft2
    Fencing: Partial, Wood
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Hot Water
    • Radiator(s)
    Parking Features:
    • Detached
    • Garage Door Opener
    Shared Amenities:
    • Coin-op Laundry Owned
    • Patio
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Exterior Material: Aluminum Siding
    Roof Details:
    • Age Over 8 Years
    • Asphalt
    • Metal
    • Pitched

    Lake & Waterfront

    Waterfront Present: N
    Waterfront Name: Bde Maka Ska
    DNR Lake ID#: 27003100
    Lake Chain Name: Y
    Lake Acres: 419
    Lake Depth: 82
    Chain Acreage: 1049
    Waterfront: Lake View

    Lot & Land

    Acres: 0.28
    Geolocation: 44.944106, -93.303361
    Lot Dimensions: 42 x 277 x 45 x 294
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Some Trees

    Farm

    Topography: Level

    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: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $19,582
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $19,582

    Income

    Annual Gross Income: None

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer - In Street
    Water System: City Water - In Street

    Mortgage Calculator

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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!

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    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.