My notes for this property


Add listing to my favorites (required)
Active NEW!
$524,900
/mo Edit
Multi-family:  Four Plex
Built 1900
3,468 sqft • 0.13 acres
Minneapolis schools
MLS# 6767976
My rating:
Request a Showing  
Agent
Ask the Agent

Ask the Agent

    Property inquiries submitted online are continually monitored to provide the best possible service.







    Thank You!

    An agent will be in contact with you soon to answer your question.

    Property Description

    If you've been looking for an affordable rental property in one of the best rental neighborhoods in Minneapolis, you've found the right place. Tons of major updates including Boiler / Water Heater, Electrical panels, plumbing and NEW shingled roof (2024) have been recently replaced or updated. Plenty of storage in the basement with laundry on site. Parking in the rear can fit 4-5 cars, and there's room to build a garage if desired. Walkable location with Banks, restaurants, public transport and more all within a few block radius. Unit #3 (2 floor - 2 BR unit ) is turning over at the end of SEP, so come check it out before it's leased for another year!

    Listing

    Contingency: None
    Price per sq ft: $151
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Four Plex
    Zip Code: 55418
    Neighborhood/Area: Windom Park
    Subdivision Name: Polk Street Sub

    Interior

    Living Area: 3,468 ft2
    Basement Details:
    • Shared Access
    • Storage Space
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 1,500 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features: Parking Lot
    Shared Amenities: Coin-op Laundry Leased
    Exterior Material: Steel Siding
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 0.13
    Geolocation: 45.010609, -93.244807
    Lot Dimensions: 146 x 39
    Zoning: Residential-Multi-Family

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $955
    Annual Fuel Expense: $1,751
    Annual Insurance Expense: $2,425
    Annual Maintenance Expense: $3,280
    Annual Gross Expense: $11,853
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $3,442
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $8,571
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,571

    Income

    Annual Gross Income: $55,500

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    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!

    Apply Online     Contact Eric     Subscribe to My Newsletter    

    Listing provided by RMLS, courtesy of MRG Realty Partners, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.