For Sale: Minneapolis MLS# 7012023
Active
NEW!
$525,000
Multi-family: 2 Stories
6 br • 4 ba • Built 1931
2,912 sqft • 0.15 acres
MLS# 7012023
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Property Description
Income-producing 4plex located near Webber Park. This property features a mix of two 2-bedroom units and two 1-bedroom units, all currently occupied. The interior retains classic character with hardwood floors and natural woodwork throughout. Exterior amenities include off-street parking for 5 cars. An established residential investment in a convenient location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$525,000
Price per sq ft:
$180
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1931
State:
MN
Property Style:
2 Stories
Zip Code:
55412
Neighborhood/Area:
81
Subdivision Name:
Peteler & Goodrichs Add
Interior
Bedrooms:
6
Bathrooms:
4
Finished Area:
2,912 ft2
Living Area:
2,912 ft2
Refrigerators:
Four
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,456 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
Asphalt
Shared Amenities:
Coin-op Laundry Leased
Road Frontage:
City Street
Exterior Material:
Block
Roof Details:
Flat
Lot & Land
Acres:
0.15
Geolocation:
45.034336, -93.296136
Lot Dimensions:
50 x 128
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$1,580
Annual Electric Expense:
None
Annual Fuel Expense:
$3,695
Annual Insurance Expense:
None
Annual Maintenance Expense:
$1,178
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,582
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,788
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$6,788
Income
Annual Gross Income:
$53,923
Rent
Annual Net Income:
$37,442
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 Keller Williams Integrity NW.
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.