For Sale: Minneapolis MLS# 6766868
Active
NEW!
$575,000
Multi-family: Four Plex
Built 1960
3,680 sqft • 0.14 acres
Minneapolis schools
MLS# 6766868
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Property Description
Great investment opportunity in South Minneapolis! This turnkey 4-plex has all 2 bedroom and 1 bath units with original HW floors. Tenant paid laundry units in lower level along with storage area for seasonal items and super rare double 2 car garage so at least 2 units can have a 2 car garage. Hardwood floors in each unit along with gas stoves and updated appliances. Updates include plumbing and full bathroom remodel in unit 4.
Units and building are in good condition and all units are currently leased. All units have their own metered electricity so tenants pay own electricity. Owner pays gas.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$575,000
Price per sq ft:
$156
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1960
State:
MN
Property Style:
Four Plex
Zip Code:
55407
Neighborhood/Area:
Corcoran
Subdivision Name:
Minnehaha Add
Interior
Finished Area:
3,680 ft2
Living Area:
3,680 ft2
Basement Details:
- Block
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
4
Garage Dimensions:
20x20
Garage Size:
800 ft2
Garage Door Height:
7
Garage Door Width:
16
Foundation Size:
1,840 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Detached
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
- Brick/Stone
- Metal Siding
- Stucco
Lot & Land
Acres:
0.14
Geolocation:
44.94627, -93.245222
Lot Dimensions:
50 x 125
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1
Annual Fuel Expense:
$1
Annual Insurance Expense:
$1
Annual Maintenance Expense:
$1
Annual Gross Expense:
$1
Annual Trash Expense:
$1
Annual Water/Sewer Expense:
$1
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,761
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$8,944
Income
Annual Gross Income:
$64,800
Misc. Annual Income:
$1
Misc. Monthly Income:
$1
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
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 Jason Mitchell Group.
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.