For Sale: Minneapolis MLS# 6780431
Active
$480,000
Multi-family: Four Plex
Built 1914
3,200 sqft • 0.13 acres
Minneapolis schools
MLS# 6780431
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Property Description
Welcome to this turnkey 4-plex! This well-maintained property offers four 1-bedroom, 1-bathroom units, each featuring hardwood floors, a kitchen, and a confortable living area. Convenient parking includes four dedicated spaces behind the building, along with additional on-street options.
Perfect for both new and seasoned investors, this property is ideally located near bus lines, dining, entertainment, downtown Minneapolis, and easy access to I-52 and I-94. With strong rental demand in the area and potential to increase rents, this 4-plex is a solid opportunity to expand or begin your investment portfolio.
Buyer/Buyer's agent to verify all information and measurements.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$480,000
Price per sq ft:
$150
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1914
State:
MN
Property Style:
Four Plex
Zip Code:
55404
Neighborhood/Area:
Whittier
Interior
Finished Area:
3,200 ft2
Living Area:
3,200 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,600 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Asphalt
- Other
Road Frontage:
City Street
Exterior Material:
Fiber Board
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.13
Geolocation:
44.9585727202, -93.2705849691
Lot Dimensions:
47 x 127 x 44 x 127
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:
$3,000
Annual Maintenance Expense:
$2,500
Annual Gross Expense:
$9,000
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,663
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,663
Income
Annual Gross Income:
$56,400
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
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 Re/Max Advantage Plus.
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.