For Sale: Minneapolis MLS# 6823224
Active
NEW!
$529,000
Multi-family: Four Plex
Built 1906
2,850 sqft • 0.15 acres
Minneapolis schools
MLS# 6823224
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Property Description
Welcome to this exceptional fourplex in the heart of Prospect Park-an ideal opportunity for owner-occupants or investors seeking a well-maintained, centrally located property.
This versatile building features four distinct units:
One studio
One 1-bedroom, 1-bath apartment
Two 2-bedroom, 1-bath apartments
Unit Breakdown:
Main level: A spacious 2-bedroom, 1-bath unit offering approximately , 1063 sq ft of comfortable living space.
Second level: A cozy 350 sq ft studio and an efficient 696 sq ft 2-bedrooms, 1-bath unit.
Third level: A bright and inviting 608 sq ft 1-bedroom, 1-bath apartment.
You'll love the unbeatable central location with quick access to I-280, I-94, I-35, making commuting and exploring the Twin Cities incredibly convenient. Don't miss out on this rare Prospect Park gem!
Buyer/buyers agent to verify measurements.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$529,000
Price per sq ft:
$186
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1906
State:
MN
Property Style:
Four Plex
Zip Code:
55414
Neighborhood/Area:
Prospect Park - East River Road
Interior
Finished Area:
2,850 ft2
Living Area:
2,850 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Block
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
3
Garage Size:
572 ft2
Foundation Size:
1,100 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Radiator(s)
Parking Features:
- Detached
- On-Street Parking Only
- Unassigned
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
Aluminum Siding
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.15
Geolocation:
44.96401, -93.208124
Lot Dimensions:
50 x 126 x 50 x 126
Zoning:
Residential-Multi-Family
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:
$3,997
Annual Maintenance Expense:
None
Annual Gross Expense:
$7,889
Annual Trash Expense:
$250
Annual Water/Sewer Expense:
$3,642
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,024
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,024
Income
Annual Gross Income:
$45,960
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 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.