For Sale: Minneapolis MLS# 7108476
Active
$1,499,900
Commercial: 2 Stories
Built 1939
0.18 acres
Minneapolis schools
MLS# 7108476
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Property Description
Very clean professionally managed 14 Unit (6 1Br & 8 Studios) Brownstone in the heart of South Mpls featuring spacious updated studios and one-bedroom apartments with loads of character and charm throughout the building. Located in the Lyndale neighborhood with a great walk score of 83 - Shopping, dining, nightlife and entertainment are within blocks in every direction as well as the famous "Eat-Street". Newer roof, boiler, common area updates and updated units. 15 off street parking spaces (extra PID behind building). Great addition to any investment portfolio! No need to get financing, Buyer can assume a very low-interest rate Freddie Mac mortgage of 3.46%, maturing in February of 2031. Opportunities like this do not come along often.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,499,900
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1939
State:
MN
Property Style:
2 Stories
Zip Code:
55408
Neighborhood/Area:
48
Subdivision Name:
Nicollet Add
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Foundation Size:
3,400 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Parking Lot
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.18
Geolocation:
44.942169, -93.280162
Inclusions:
Building, Land, Rental License
Lot Dimensions:
53.00 X 145.50
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$22,596
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$22,596
Units
Total Units:
14
Miscellaneous
Current Use:
Other
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
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 Metro Group Real Estate.
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.