For Sale: Minneapolis MLS# 6658554
Active
NEW!
$635,000
Multi-family: Four Plex
Built 1926
3,360 sqft • 0.11 acres
Minneapolis schools
MLS# 6658554
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Property Description
Experience the original character of this gorgeous brownstone four plex! Modern and renovated kitchens and bathrooms, along with gorgeous hardwood floors throughout. Beautiful built-in hutch with glass doors and a large closet with French doors in each unit. Each unit is on its own utilities. Basement has new washer and dryer on bluetooth pay system. Property has four long term tenants and excellent rental history. On site caretaker handles maintenance and snow removal for adjusted rent. Wall unit A/C. Back courtyard with raised garden beds, and steps down to the garages and alley. Classic brownstone building with 4 one-bedroom units located on Minnehaha Avenue just 4 block north of Minnehaha Regional Park and the famous Minnehaha Falls and three blocks east of Hiawatha Avenue/Hwy 55, with direct access to downtown Minneapolis. The site has four garage stalls in the back with alley access. The units have original hardwood floors, classic woodwork and the dining room hutch that is common with the classic brownstone building. The kitchens and baths have been updated but still have the classic brownstone feel. Caretaker on site sees to keeping the property clean. Multiple long-term tenants with rents below market. One vacant unit for an owner occupant. Let the rents pay your mortgage.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$635,000
Price per sq ft:
$189
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1926
State:
MN
Property Style:
Four Plex
Zip Code:
55406
Neighborhood/Area:
Hiawatha
Subdivision Name:
Minnehaha Terrace
Interior
Finished Area:
3,360 ft2
Living Area:
3,360 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Block
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
4
Garage Dimensions:
15x34
Garage Size:
150 ft2
Foundation Size:
1,680 ft2
Fencing:
Partial
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached
- Multiple Garages
- Shared Garage/Stall
Shared Amenities:
Common Garden
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
- Age Over 8 Years
- Rubber
Lot & Land
Acres:
0.11
Geolocation:
44.925504, -93.217322
Lot Dimensions:
40 x 117
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$360
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,920
Annual Maintenance Expense:
None
Annual Gross Expense:
$3,804
Annual Trash Expense:
$1,722
Annual Water/Sewer Expense:
$1,722
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,854
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,854
Income
Annual Gross Income:
$56,140
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
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.