For Sale: Minneapolis MLS# 7033911
Active
NEW!
$569,900
Multi-family: 2 Stories
10 br • 4 ba • Built 1900
3,704 sqft • 0.12 acres
MLS# 7033911
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Property Description
This large renovated 4-plex on quiet street near major hospitals, Lake St corridor, and downtown awaits you! Possibilities are endless, bring your ideas! Consider house hacking to jumpstart your investing and build generational wealth, creating Airbnbs for hospital guests or medium-term rentals for traveling nurses, or build out unfinished attic and basement for a 6-plex conversion and impressive cash flow! Building well maintained with numerous updates since 2020, including new roof, soffit and fascia, complete tuckpointing and painting of brickwork, new water heater, modernization of heating system, installation of large custom windows in front, and cosmetic turn-over of all units. Projected gross monthly rents surpass 5.5K, conservatively. Your future awaits; don’t let this one pass you by!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$569,900
Price per sq ft:
$154
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
2 Stories
Zip Code:
55404
Neighborhood/Area:
54
Subdivision Name:
Cole & Weeks Rgt Brackett & Bovey
Interior
Bedrooms:
10
Bathrooms:
4
Finished Area:
3,704 ft2
Living Area:
3,704 ft2
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,966 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Road Frontage:
City Street
Roof Details:
Asphalt
Lot & Land
Acres:
0.12
Geolocation:
44.95817, -93.259128
Lot Dimensions:
39 x 129 x 39 x 129
Zoning:
Residential-Multi-Family
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$8,774
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,774
Income
Annual Gross Income:
None
Rent
Annual Net Income:
None
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 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.