For Sale: Minneapolis MLS# 6791986
Active
$449,900
Multi-family: Triplex
Built 1904
4,924 sqft • 0.18 acres
Minneapolis schools
MLS# 6791986
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Property Description
Don’t miss this rare opportunity to own a turnkey, versatile 3-unit property in the Hawthorne neighborhood of Minneapolis. Whether you're an investor or an owner-occupant seeking rental income, this property offers exceptional value and flexibility.
The first unit spans over 2, 000 square feet and features stunning woodwork and a custom kitchen (remodeled in 2018.) The primary suite boasts a private ensuite bathroom with a tiled shower and a walk-in closet. The open-concept main level includes two comfortable living rooms, a formal dining area adjacent to the kitchen, and a convenient powder room. The finished basement provides a large family room, two bedrooms (one non-conforming), a full tiled bathroom, and a laundry area. The current rent for this unit is $1, 700 per month.
The second-floor unit offers two generous bedrooms, a large kitchen, and hardwood floors throughout. It was updated in 2019 and is currently rented at $1, 200 per month. The third-floor apartment will be vacant as of November 1 and has been fully renovated (2021) with a sleek modern kitchen, tiled bathroom, and stunning city skyline views from the living room, making it perfect for Airbnb hosting or long-term rental.
Each unit includes in-unit laundry, separated utilities, its own forced-air heating system, and water heater. Recent property upgrades include a new roof in 2020, updated windows, and modernized plumbing and electrical systems, ensuring long-term peace of mind for the new owner.
Outside, the property features a fully fenced yard complete with a vegetable garden, creating a peaceful outdoor space. The four-stall garage was re-built in 2025. This meticulously maintained property combines historic charm with modern updates, promising excellent income potential and long-term stability. The owner is a MN licensed real estate broker.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$449,900
Price per sq ft:
$91
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1904
State:
MN
Property Style:
Triplex
Zip Code:
55411
Neighborhood/Area:
Hawthorne
Subdivision Name:
Highland Park Add
Interior
Finished Area:
4,924 ft2
Living Area:
4,924 ft2
Ranges:
Three
Refrigerators:
Three
Basement Details:
- Egress Window(s)
- Finished
- Full
- Sump Basket
- Sump Pump
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
4
Garage Size:
550 ft2
Foundation Size:
1,440 ft2
Fencing:
Full, Privacy
Handicap Accessible:
None
Heating System:
Forced Air
Shared Amenities:
Patio
Exterior Material:
- Brick/Stone
- Wood Siding
Roof Details:
- Age 8 Years or Less
- Architectural Shingle
Lot & Land
Acres:
0.18
Geolocation:
45.003434, -93.293009
Lot Dimensions:
156 x 50
Zoning:
Residential-Multi-Family
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:
$6,000
Annual Trash Expense:
$1,200
Annual Water/Sewer Expense:
$4,800
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,858
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,858
Income
Annual Gross Income:
$53,400
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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 Premier 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.