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For Sale:  Minneapolis MLS# 7073936

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Active NEW!
$899,900
/mo Edit
Multi-family:  Fourplex
7 br • 4 ba • Built 1936
4,165 sqft • 0.15 acres
Minneapolis schools
MLS# 7073936
763-576-8286
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    Property Description

    Absolutely splendid owner occupied tri-plex with non-conforming lower-level 4th unit. Three 2br units and one 1br. Situated only steps from Bde Maka Ska! Same owner for the last 42 years. Incredible home for an owner-occupant or a fantastic investment opportunity as a positive cash-flow income property when fully rented at current market rates. Modern updates with classic historic millwork and hardwood floors. The bones are amazing, new roof in 2024 and updated electrical and plumbing. A backyard patio to die for!!! Views of Bde Maka Ska.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $899,900
    Price per sq ft: $216
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 3
    County: Hennepin
    Year Built: 1936
    State: MN
    Property Style: Fourplex
    Zip Code: 55408
    Neighborhood/Area: 23
    Subdivision Name: Calhoun Park

    Interior

    Bedrooms: 7
    Bathrooms: 4
    Finished Area: 4,165 ft2
    Living Area: 4,165 ft2
    Refrigerators: Four
    Basement Details:
    • Block
    • Kitchenette
    • Partially Finished
    • Storage Space

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 3
    Garage Dimensions: 30x24
    Garage Size: 720 ft2
    Garage Door Height: 7
    Garage Door Width: 8
    Foundation Size: 1,500 ft2
    Foundation Dimensions: 30x50
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features: Detached Garage
    Shared Amenities: Patio
    Road Frontage: City Street
    Exterior Material: Frame
    Pool: None
    Roof Details:
    • Asphalt
    • Rolled/Hot Mop

    Rooms

    Laundry:
    • Laundry Room
    • Lower Level

    Lot & Land

    Acres: 0.15
    Geolocation: 44.938445, -93.301834
    Lot Dimensions: 52 x 128
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Farm

    Topography: High Ground

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $840
    Annual Fuel Expense: $3,477
    Annual Insurance Expense: $6,200
    Annual Maintenance Expense: $750
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $3,600
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $16,270
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $16,280

    Income

    Annual Gross Income: $96,000
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $80,473

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

    Mortgage Calculator

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    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!

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