For Sale: Minneapolis MLS# 7063155
Active
NEW!
$789,000
Multi-family: Triplex
9 br • 6 ba • Built 2007
1,640 sqft • 0.097 acres
Minneapolis schools
MLS# 7063155
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Property Description
Spacious triplex in a prime South Minneapolis location near parks, restaurants, and easy highway access. This property offers a great opportunity for both investors and owner-occupants with strong rental potential and multiple income streams.
Each unit features 3 bedrooms and 2 bathrooms with functional layouts, comfortable living spaces, and ample natural light. All units include private deck balconies, adding desirable outdoor space for tenants. Separate entrances provide added privacy.
The property also offers off-street parking and a large yard, enhancing tenant appeal and usability.
Well-positioned in a desirable neighborhood close to public transportation and everyday conveniences, this triplex is ideal for building long-term equity and cash flow.
Great opportunity to live in one unit and rent the others or add a solid asset to your portfolio.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$789,000
Price per sq ft:
$481
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
6
County:
Hennepin
Year Built:
2007
State:
MN
Property Style:
Triplex
Zip Code:
55406
Neighborhood/Area:
44
Subdivision Name:
Cic 1915 Midtown Rowhomes
Interior
Bedrooms:
9
Bathrooms:
6
Finished Area:
1,640 ft2
Living Area:
1,640 ft2
Basement Details:
None
Exterior
Stories:
Three Level Split
Garage Spaces:
6
Garage Size:
484 ft2
Foundation Size:
660 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Attached Garage
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.097
Geolocation:
44.951796, -93.232824
Lot Dimensions:
0
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,920
Annual Fuel Expense:
None
Annual Insurance Expense:
$5,500
Annual Maintenance Expense:
$1,500
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$5,400
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,117
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,117
Income
Annual Gross Income:
$88,000
Units
Total Units:
3
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 Pemberton RE.
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.