For Sale: Minneapolis MLS# 6750978
Active
$750,000
Multi-family: Four Plex
Built 1925
5,500 sqft • 0.15 acres
Minneapolis schools
MLS# 6750978
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Outstanding, income generating 4- plex building in a desirable location-across from Phelps Park and on a
bus line. Featuring four spacious units - 1100 sq. feet each. Three of the units feature (2 bedrooms, 1
bath, 1 tucked under car garage and 1 storage room) per unit, 4th Unit features (2 bed/1 bath + heated 4
season’s porch-home office, 1 garage and 1 storage room). None conforming fifth unit in the basement
utilized as a maintenance and storage room. Old charm featuring-hard wood floors, crown molding, built in
buffet, tiled bathrooms and kitchens, newer appliances, roof replaced in 2016, coin operated washers and
dryers in basement. This is an excellent investment opportunity!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$750,000
Price per sq ft:
$136
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1925
State:
MN
Property Style:
Four Plex
Zip Code:
55407
Neighborhood/Area:
Bancroft
Interior
Finished Area:
5,500 ft2
Living Area:
5,500 ft2
Basement Details:
- Finished
- Partially Finished
- Shared Access
- Storage Space
Exterior
Stories:
Two
Garage Spaces:
4
Garage Size:
800 ft2
Foundation Size:
2,442 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Hot Water
- Radiant
Shared Amenities:
- Coin-op Laundry Owned
- Patio
Exterior Material:
Stucco
Lot & Land
Acres:
0.15
Geolocation:
44.931612, -93.262107
Lot Dimensions:
122 x 53
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$720
Annual Fuel Expense:
$3,000
Annual Insurance Expense:
$3,693
Annual Maintenance Expense:
$4,000
Annual Gross Expense:
None
Annual Trash Expense:
$1,180
Annual Water/Sewer Expense:
$2,420
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$10,288
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$10,288
Income
Annual Gross Income:
$72,120
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of Bridge Realty, LLC.
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.