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For Sale:  Minneapolis MLS# 7086230

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$849,999
/mo Edit
Multi-family:  Fourplex
12 br • 5 ba • Built 1910
4,543 sqft • 0.14 acres
Minneapolis schools
MLS# 7086230
763-576-8286
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    Property Description

    Investment Opportunity in the Whittier Neighborhood!Spanning over 4, 500 finished square feet across 4 levels, this classic 1910 multi-family property at 301 W 22nd St offers a versatile layout with up to 12 bedrooms and 6 bathrooms.INVESTMENT FLEXIBILITY: This property presents a great dual-path option for a buyer. It can be rented out in its current condition for immediate, steady rental income, or updated over time for higher rent potential. Each unit features unique layouts, classic historic details, and functional living spaces.FINANCING TERMS: Offered at $850, 000. This property is available exclusively via Contract for Deed (CD) assumption. Terms include a built-in buyout option at Year 3, and every 5 years thereafter, providing excellent flexibility for the incoming buyer.LOCATION & AMENITIES: Perfect location just blocks from local dining, shopping, Uptown, and rapid transit. Complete with coveted off-street parking. Buyer to verify all MLS data, unit footprints, and CD terms prior to closing.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $849,999
    Price per sq ft: $187
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1910
    State: MN
    Property Style: Fourplex
    Zip Code: 55404
    Neighborhood/Area: 84
    Subdivision Name: Badger & Penneys Add

    Interior

    Bedrooms: 12
    Bathrooms: 5
    Finished Area: 4,543 ft2
    Living Area: 4,543 ft2
    Refrigerators: Four
    Basement Details: Other

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 2,272 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Radiant
    Parking Features: On-Street Parking Only
    Road Frontage: City Street
    Exterior Material: Block

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.14
    Geolocation: 44.960728, -93.283316
    Lot Dimensions: 50 x 124

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $6,791
    Annual Fuel Expense: $5,710
    Annual Insurance Expense: $4,695
    Annual Maintenance Expense: None
    Annual Trash Expense: $2,378
    Annual Water/Sewer Expense: $2,870
    Tenant Expenses: Cable TV, Electricity, Telephone

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $10,013
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $10,370

    Income

    Annual Gross Income: $79,800

    Rent

    Annual Net Income: $45,614

    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 Northstar Real Estate Associates.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.