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For Sale:  Minneapolis MLS# 6701213

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Active
$599,900
/mo Edit
Multi-family:  Triplex
Built 1924
3,210 sqft • 0.12 acres
Minneapolis schools
MLS# 6701213
763-576-8286
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    Property Description

    This well-maintained, beautiful, classic triplex in Uptown Minneapolis is only for sale because the seller has moved. This property was in good condition when the current owner purchased it and then made many improvements, including a new roof, fascia, windows, gutters, French drains, a high-end professional paint job, and more. The seller was planning on holding for years. It is always rented with good tenants. It has an excellent rental history. The floor plans are original, with the 1st and 2nd floor units having the same layout and condition. 4 off-street parking spots are available behind the Triplex. The location is excellent, near new redevelopment in the city, lakes, restaurants, and cafes in the vibrant part of Uptown. This has been an excellent source of income, with tenants paying all utilities. The triplex is low-maintenance and has been a joy to manage.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $599,900
    Price per sq ft: $187
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1924
    State: MN
    Property Style: Triplex
    Zip Code: 55405
    Neighborhood/Area: Lowry Hill East
    Subdivision Name: Anderson Douglas & Co 1st Add

    Interior

    Finished Area: 3,210 ft2
    Living Area: 3,210 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details:
    • Egress Window(s)
    • Partially Finished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,500 ft2
    Foundation Dimensions: 30x50
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Boiler
    Parking Features: Gravel
    Exterior Material: Stucco
    Roof Details:
    • Age 8 Years or Less
    • Architectural Shingle

    Lot & Land

    Acres: 0.12
    Geolocation: 44.956872, -93.293496
    Lot Dimensions: 129 x 40

    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: $4,344
    Annual Maintenance Expense: $2,400
    Annual Gross Expense: $14,398
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $8,297
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,297

    Income

    Annual Gross Income: $57,720
    Misc. Annual Income: None
    Misc. Monthly Income: $3,610

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by RMLS, courtesy of MSP Services, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.