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For Sale:  Minneapolis MLS# 7151633

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Active NEW!
$449,900
/mo Edit
Multi-family:  Fourplex
5 br • 4 ba • Built 1900
2,390 sqft • 0.15 acres
Minneapolis schools
MLS# 7151633
763-576-8286
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    Property Description

    Great opportunity to own a well positioned fourplex in South Minneapolis with several recent exterior improvements already completed. The property features new window sashes, a newer roof, and a freshly redone stucco exterior, providing an updated appearance while addressing important long-term maintenance items. The boiler was also just replaced in 2023 alleviating several major concerns for the new owner. The four-unit property offers multiple income-producing units, with one unit currently vacant, providing flexibility for an owner-occupant, immediate leasing opportunity, or the ability to make updates and boost rent before placing a new tenant. Conveniently located in South Minneapolis near neighborhood amenities, parks, shopping, dining, and transportation. A solid opportunity for investors looking to add a multifamily property with recent exterior improvements to their portfolio.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $449,900
    Price per sq ft: $188
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Fourplex
    Zip Code: 55404
    Neighborhood/Area: 84
    Subdivision Name: Remingtons Add

    Interior

    Bedrooms: 5
    Bathrooms: 4
    Finished Area: 2,390 ft2
    Living Area: 2,390 ft2
    Refrigerators: Four
    Basement Details: Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 2
    Garage Size: 400 ft2
    Foundation Size: 1,125 ft2
    Fencing: Chain Link
    Handicap Accessible: None
    Heating System:
    • Boiler
    • Steam
    Parking Features:
    • Asphalt
    • Detached Garage
    Shared Amenities:
    • Coin-op Laundry Owned
    • Laundry
    • Porch
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Rooms

    Laundry:
    • Common Area
    • In Basement

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.15
    Geolocation: 44.962042, -93.273653
    Lot Dimensions: 50 X 127

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $4,359
    Annual Fuel Expense: $2,579
    Annual Insurance Expense: $4,435
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $4,016

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $8,204
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,204

    Income

    Annual Gross Income: $48,360

    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

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    Payment:  /mo

    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!

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