For Sale: Minneapolis MLS# 6698823
Active
$679,000
Multi-family: Four Plex
Built 1929
2,912 sqft • 0.18 acres
Minneapolis schools
MLS# 6698823
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Property Description
An excellent investment opportunity awaits with this well-maintained four-unit property in the sought-after Hiawatha Neighborhood, close to Minnehaha Falls. This 4-plex consists of four 2-bedroom units, each having oak hardwood floors, wall-mounted air conditioning units, dishwashers, as well as updated bathrooms and windows throughout.
The property features separate hot water heating systems and updated electrical panels for each unit. Full basement offers additional storage space and two sets of coin operated laundry machines for tenants.
Situated on an extra-deep lot, the property provides off-street parking. Its prime location is near the Mississippi River, offering access to scenic biking and jogging trails, light rail transit, shopping, restaurants, and convenient freeway access.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$679,000
Price per sq ft:
$233
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1929
State:
MN
Property Style:
Four Plex
Zip Code:
55406
Neighborhood/Area:
Hiawatha
Subdivision Name:
A Oddens Add
Interior
Finished Area:
2,912 ft2
Living Area:
2,912 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Daylight/Lookout Windows
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,456 ft2
Foundation Dimensions:
52 x 28
Fencing:
None
Handicap Accessible:
No Stairs External
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Gravel
- Unassigned
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
- City Street
- Curbs
- Sidewalks
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.18
Geolocation:
44.923726, -93.217483
Lot Dimensions:
48 x 164
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
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:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
$2,139
Annual Water/Sewer Expense:
$1,941
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$11,216
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$11,544
Income
Annual Gross Income:
$53,400
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 Coldwell Banker 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.