For Sale: Minneapolis MLS# 6764199
Active
$784,900
Multi-family: Four Plex
Built 1900
3,577 sqft • 0.12 acres
Minneapolis schools
MLS# 6764199
Open House
12p - 2p
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Property Description
Don’t miss this rare opportunity to own a well-maintained fourplex in the highly desirable Sheridan neighborhood of Northeast Minneapolis. Perfectly situated just steps from local favorites like Hai Hai, Mayslack’s, Jax Café, Northeast Social, and many more beloved hotspots, this property offers unmatched access to dining, nightlife, parks, trails, and convenient public transit. Built in the early 1900s, this classic brick building exudes charm and character, featuring original natural wood flooring, updated vinyl windows, and private outdoor seating areas for each unit—ideal for relaxing or entertaining. The property includes four off-street parking spaces for added convenience. The layout on the main floor includes one spacious 2-bedroom 1-bath unit and one 1-bedroom 1-bath unit. The upper level layout includes one 2-bedroom, 1-bath unit and a newly renovated 4-bedroom, 2-bath unit with in-unit laundry. The newly created 4 bedroom 2 bath unit is a must see. Additional amenities include coin-operated laundry and dedicated storage lockers for each unit in the shared basement. The building’s electrical system has been updated to meet current codes, and the boiler is only three years old. Each unit is heated with baseboard radiators, and tenants use their own window A/C units during warmer months. Tenants are responsible for electricity, while the owner covers gas, water, trash, and sewer. Whether you’re looking to expand your investment portfolio or occupy a unit while generating rental income, this property presents a strong opportunity in a prime Minneapolis neighborhood.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$784,900
Price per sq ft:
$219
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Four Plex
Zip Code:
55413
Neighborhood/Area:
Sheridan
Subdivision Name:
Cutters Add
Interior
Finished Area:
3,577 ft2
Living Area:
3,577 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Shared Access
- Storage/Locker
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,453 ft2
Foundation Dimensions:
29x52
Fencing:
Chain Link, Full
Handicap Accessible:
None
Heating System:
- Boiler
- Radiator(s)
Parking Features:
Assigned
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
Brick/Stone
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.12
Geolocation:
45.004525, -93.2612
Lot Dimensions:
40 x 135
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$500
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,676
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,676
Income
Annual Gross Income:
$85,320
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.