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For Sale:  Minneapolis MLS# 6821264

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Active
$649,900
/mo Edit
Multi-family:  Triplex
Built 1918
3,197 sqft • 0.12 acres
Minneapolis schools
MLS# 6821264
763-576-8286
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    Property Description

    Beautifully maintained triplex in an ideal Minneapolis location. The lower-level studio is freshly updated. The main-level unit offers 2 beds/1 bath, a sun-filled porch, formal dining, original woodwork, and an updated kitchen. The upper-level unit features 2 beds/1 bath, a bright sunroom, den, new vinyl plank flooring, and a charming dining room with original built-ins. A spacious, unfinished fourth level adds incredible potential—two framed rooms, already plumbed, offering possibilities for added square footage or a future primary suite for the top unit. Four off-street parking spots and a welcoming backyard with space for gardening and/or bonfires. Recently passed the Minneapolis rental inspection, making this an easy, turnkey investment. Ask for additional photos of the other units—this one is a gem for both live-in owners and investors alike.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $649,900
    Price per sq ft: $203
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1918
    State: MN
    Property Style: Triplex
    Zip Code: 55408
    Neighborhood/Area: Lyndale
    Subdivision Name: Motor Line Add

    Interior

    Finished Area: 3,197 ft2
    Living Area: 3,197 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Egress Window(s)
    • Finished
    • Partially Finished
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Garage Dimensions: 0
    Foundation Size: 1,254 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features:
    • Open
    • Unassigned
    Shared Amenities: Laundry
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Exterior Material: Stucco

    Lot & Land

    Acres: 0.12
    Geolocation: 44.943525, -93.287728
    Lot Dimensions: 42 x 120
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Some Trees

    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: $5,400
    Annual Gross Expense: $4,500
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Electricity, Fuel, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $10,143
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $10,143

    Income

    Annual Gross Income: $56,580

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: 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 Engel & Volkers Lake Minnetonka.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.