For Sale: Minneapolis MLS# 6817815
Active
NEW!
$480,000
Multi-family: Four Plex
11 br • 4 ba • Built 1913
3,757 sqft • 0.148 acres
MLS# 6817815
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Property Description
Discover a well-maintained 4-plex that blends timeless character with reliable investment performance. This classic building showcases beautiful original woodwork, abundant natural light, and hardwood floors throughout - creating warm and inviting spaces that tenants love.
The exterior has been freshly painted, giving the property excellent curb appeal and minimizing immediate maintenance needs. With a strong rental history, this 4-plex is easy to rent, and offers steady cash flow, making it an ideal addition to any investment portfolio.
Whether you're a seasoned investor looking to expand your holdings, or ready to dive into your first multi-unit revenue-generator, this charming and dependable property delivers long-term value with historic charm.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$480,000
Price per sq ft:
$128
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1913
State:
MN
Property Style:
Four Plex
Zip Code:
55404
Neighborhood/Area:
22
Subdivision Name:
Bowens Add
Interior
Bedrooms:
11
Bathrooms:
4
Finished Area:
3,757 ft2
Living Area:
3,757 ft2
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,863 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
On-Street Parking Only
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.148
Geolocation:
44.957152, -93.25151
Lot Dimensions:
52.3 x 123.5
Zoning:
Residential-Multi-Family
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,800
Annual Maintenance Expense:
$2,600
Annual Trash Expense:
$2,000
Annual Water/Sewer Expense:
$2,100
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,404
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,404
Income
Annual Gross Income:
$60,900
Rent
Annual Net Income:
$46,100
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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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 Real Broker, 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.