For Sale: Minneapolis MLS# 7164415
Active
NEW!
$899,999
Multi-family: Fourplex
12 br • 4 ba • Built 1914
3,960 sqft • 0.15 acres
Minneapolis schools
MLS# 7164415
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Property Description
Don’t miss this updated fourplex featuring four spacious 3-bedroom, 1-bathroom units. Each unit includes an in-unit washer and dryer, new HVAC, updated cabinets and countertops, and updated stainless steel appliances. Move-in ready and full of potential, this property is an excellent opportunity for investors looking to expand their rental portfolio or add a turnkey multifamily property to their investments!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$899,999
Price per sq ft:
$227
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1914
State:
MN
Property Style:
Fourplex
Zip Code:
55414
Neighborhood/Area:
14
Subdivision Name:
Elwells 2nd Add
Interior
Bedrooms:
12
Bathrooms:
4
Finished Area:
3,960 ft2
Living Area:
3,960 ft2
Refrigerators:
Four
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
4
Garage Dimensions:
37x18
Garage Size:
667 ft2
Foundation Size:
1,980 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Multiple Garages
Rooms
Laundry:
In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.15
Geolocation:
44.992157, -93.23115
Lot Dimensions:
50 x 131.77
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$3,012
Annual Fuel Expense:
$1,640
Annual Insurance Expense:
$4,500
Annual Maintenance Expense:
$8,071
Annual Trash Expense:
$1,096
Annual Water/Sewer Expense:
$1,888
Tenant Expenses:
Electricity, Gas, Trash Collection, Water
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$12,592
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$19,360
Income
Annual Gross Income:
$115,669
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 Trustar Procurement 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.