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For Sale:  Minneapolis MLS# 6820955

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Active
$550,000
/mo Edit
Multi-family:  Four Plex
Built 1898
3,192 sqft • 0.25 acres
Minneapolis schools
MLS# 6820955
763-576-8286
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    Property Description

    Exceptional Opportunity to Build Your Real Estate Investment Portfolio in Ideal Location in the Art's District - NE Minneapolis! Just a few blocks to great restaurants such as Vinai, Oro, Minari, Anchor, Diane's Place, Breweries, Shops, Parks and the Riverwalk! Only 2 blocks away from bus stops! Charming fourplex with varied floor plans offering great indoor and outdoor space! Large deck for upper level units, patio and small deck for lower level units. Two 2 Bedroom and two 1 bedroom units. All four units are currently leased. One offers laundry. Coin laundry in lower level for other units. Space behind building for parking. Roof was checked and repaired in spring of 2025. Mechanicals have recently been serviced.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $550,000
    Price per sq ft: $172
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1898
    State: MN
    Property Style: Four Plex
    Zip Code: 55413
    Neighborhood/Area: Sheridan
    Subdivision Name: Bottineaus 2nd Add Town Of St Anth

    Interior

    Finished Area: 3,192 ft2
    Living Area: 3,192 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Full
    • Shared Access
    • Storage Space
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,596 ft2
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Boiler
    • Forced Air
    Parking Features:
    • Asphalt
    • Open
    • Parking Garage
    • Paved
    • Unassigned
    Shared Amenities:
    • Coin-op Laundry Owned
    • Deck
    • Laundry
    Road Frontage:
    • City Street
    • Paved Streets
    • Sidewalks
    • Street Lights
    Exterior Material: Stucco
    Roof Details:
    • Age Over 8 Years
    • Flat
    • Tar/Gravel

    Lot & Land

    Acres: 0.25
    Geolocation: 45.003826, -93.264178
    Lot Dimensions: 66 x 165
    Zoning: Residential-Multi-Family
    Lot Description:
    • Many Trees
    • Public Transit (w/in 6 blks)

    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: All Utilities

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $7,277
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $11,434

    Income

    Annual Gross Income: $57,046

    Units

    Total Units: 4

    Miscellaneous

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

    Mortgage Calculator

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    Payment:  /mo

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