For Sale: Minneapolis MLS# 6823198
Active
NEW!
$650,000
Multi-family: Four Plex
Built 1957
3,735 sqft • 0.12 acres
Minneapolis schools
MLS# 6823198
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Property Description
PRIME SOUTH MPLS 4-UNIT INVESTMENT - WALKABLE LOCATION!
Exceptional opportunity for investors or owner-occupants! This meticulously maintained, four-unit building is nestled in a highly sought-after South Minneapolis neighborhood, just blocks from Bde Maka Ska and the area's vibrant dining and retail scene.
The property features a desirable mix of units, including: two 2 bed 1 bath and two 1 bed 1 bath. Current leases offer immediate, solid rental income and stability, with potential for value-add through strategic rent increases or cosmetic updates.
Owner is an agent. Information deemed reliable but not guaranteed. Buyer and Buyer’s Agent to verify all measurements, features, income, and expenses. Listing Agent and Seller assume no responsibility for inaccuracies.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$650,000
Price per sq ft:
$174
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1957
State:
MN
Property Style:
Four Plex
Zip Code:
55408
Neighborhood/Area:
South Uptown
Subdivision Name:
Remingtons 2nd Add
Interior
Finished Area:
3,735 ft2
Living Area:
3,735 ft2
Basement Details:
- Drain Tiled
- Egress Window(s)
- Partially Finished
- Single Tenant Access
- Storage Space
- Sump Basket
Exterior
Stories:
One
Garage Spaces:
0
Foundation Size:
2,490 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Parking Lot
Exterior Material:
- Brick/Stone
- Other
Lot & Land
Acres:
0.12
Geolocation:
44.939019, -93.294198
Lot Dimensions:
42 x 128
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:
$3,000
Annual Maintenance Expense:
$4,000
Annual Gross Expense:
$21,300
Annual Trash Expense:
$1,300
Annual Water/Sewer Expense:
$2,000
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$11,216
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$11,817
Income
Annual Gross Income:
$65,940
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Water System:
City Water - In Street
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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 Doro Real Estate.
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.