For Sale: Minneapolis MLS# 7051738
Active
$599,900
Multi-family: Fourplex
8 br • 4 ba • Built 1914
4,488 sqft • 0.17 acres
MLS# 7051738
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Whether you're ready to live virtually rent-free while your tenants cover the mortgage, or simply want a high-performing asset in your portfolio, this is the property you've been waiting for!
This fourplex offers four spacious 2-bed/1-bath units, each featuring beautiful hardwood floors, built-in buffets, and classic character throughout. Recent tile upgrades in the kitchens and baths and freshly refinished hardwood floors mean some work has already been done.... with a little additional updating, rents have real room to grow.
Tenants enjoy the independence of their own boiler, water heater, and separate gas and electric meters, keeping utility costs squarely off the owner's plate and making expense management simple. A long-term tenant in the 4-car garage adds reliable income from day one. The versatile sunrooms that have served as a third bedroom in the past are a great value-add for future leasing.
The location is a true standout. Nestled in one of south Minneapolis's most walkable and eclectic neighborhoods, residents have easy access to an array of local restaurants and merchants, plus everyday conveniences like Cub Foods, Aldi and Target — all within walking distance. The Lake Street and Minnehaha bus lines are steps from the front door, the light rail is just a few blocks away... Downtown Minneapolis, the airport, and St. Paul are all within easy reach.
With one unit currently vacant, showings are easy to schedule with little notice — so don't wait!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$599,900
Price per sq ft:
$134
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1914
State:
MN
Property Style:
Fourplex
Zip Code:
55406
Neighborhood/Area:
44
Subdivision Name:
Griswolds 3rd Add
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
4,488 ft2
Living Area:
4,488 ft2
Refrigerators:
One Per Unit
Basement Details:
- Daylight/Lookout Windows
- Full
- Shared Access
- Storage Space
- Storage/Locker
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
4
Foundation Size:
4,488 ft2
Fencing:
Partial
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Hot Water
- Radiator
Parking Features:
- Detached Garage
- Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
- City Street
- County Road
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
- Block
- Frame
Roof Details:
Flat
Rooms
Shared Rooms:
Sun Room
Laundry:
- Common Area
- In Basement
Lot & Land
Acres:
0.17
Geolocation:
44.945515, -93.232722
Lot Dimensions:
50X150
Zoning:
Residential-Multi-Family
Farm
Topography:
Level
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$10,013
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$26,682
Income
Annual Gross Income:
$79,800
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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 |
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 Frable 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.