For Sale: Minneapolis MLS# 6747868
Active Contingent
$725,000
Multi-family: Four Plex
Built 1909
4,986 sqft • 0.12 acres
Minneapolis schools
MLS# 6747868
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Property Description
Excellent Uptown 4-plex opportunity! This well-maintained property features three spacious 3BR/1BA units and one 4BR/1BA unit, providing flexibility for an owner-occupant or strong cash flow for investors. Three of the four units have been thoughtfully updated, blending classic Minneapolis charm with modern finishes. Units 3 and 4 are currently vacant and ready for immediate occupancy or lease-up at market rents ($1, 700–$2, 200/mo).
Additional highlights include a brand-new privacy fence, a low-maintenance hardscape backyard, and easy access to public transportation, coffee shops, and dining in vibrant Uptown. Current leases: Unit 1 at $1, 830/mo and Unit 2 at $1, 550/mo. This turn-key property is a rare find for your portfolio or house-hacking goals in the heart of Minneapolis.
VALUE ADD OPTION: Previous owner had plans approved for a 5th unit in the basement. Yours to finish and add massive value. Plans available by request.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$725,000
Price per sq ft:
$145
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1909
State:
MN
Property Style:
Four Plex
Zip Code:
55408
Neighborhood/Area:
Lowry Hill East
Subdivision Name:
J B Tabours 3rd Add
Interior
Finished Area:
4,986 ft2
Living Area:
4,986 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
2,493 ft2
Fencing:
Privacy, Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Boiler
Shared Amenities:
- Deck
- Laundry
Road Frontage:
City Street
Exterior Material:
- Brick/Stone
- Vinyl Siding
Roof Details:
- Age Over 8 Years
- Rubber
Lot & Land
Acres:
0.12
Geolocation:
44.952951, -93.297567
Lot Dimensions:
55.8X100X51.6X118
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Some Trees
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,500
Annual Maintenance Expense:
None
Annual Gross Expense:
$7,640
Annual Trash Expense:
$2,040
Annual Water/Sewer Expense:
$2,100
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$12,633
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$13,197
Income
Annual Gross Income:
$6,780
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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Listing provided by RMLS,
courtesy of Rize Realty.
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.