For Sale: Minneapolis MLS# 7076186
Active
NEW!
$1,895,000
Multi-family: Triplex
5 br • 4 ba • Built 1951
3,264 sqft • 0.24 acres
Minneapolis schools
MLS# 7076186
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Property Description
Perched high above Lake Harriet, this exceptional three-unit multifamily property presents a rare opportunity to own a thoughtfully renovated asset in one of Minneapolis' most coveted locations. Showcasing sweeping lake views and timeless architectural character, each residence has been meticulously remodeled to blend modern comfort with enduring charm. The property offers three distinct living spaces, each featuring updated kitchens, refreshed bathrooms, stylish finishes, and carefully curated design elements throughout. Expansive windows capture natural light and picturesque views of Lake Harriet, creating an inviting atmosphere for residents and guests alike.
Whether you're an investor seeking a turnkey income-producing property or an owner-occupant looking to enjoy a premier lakefront lifestyle while generating supplemental income, this offering delivers unmatched versatility. Situated just steps from the lake's walking and biking trails, parks, dining, and neighborhood amenities, residents enjoy an unparalleled connection to one of Minneapolis' most vibrant and desirable communities.
A truly unique opportunity to acquire a fully remodeled trophy property overlooking Lake Harriet, where location, lifestyle, and investment potential converge.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,895,000
Price per sq ft:
$581
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1951
State:
MN
Property Style:
Triplex
Zip Code:
55410
Neighborhood/Area:
42
Subdivision Name:
First Div Of Remington Park
Interior
Bedrooms:
5
Bathrooms:
4
Finished Area:
3,264 ft2
Living Area:
3,264 ft2
Refrigerators:
Three
Basement Details:
- Finished
- Partially Finished
Exterior
Stories:
Two
Garage Spaces:
3
Foundation Size:
1,292 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
Detached Garage
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.24
Geolocation:
44.926947, -93.310387
Lot Dimensions:
Irregular
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,164
Annual Fuel Expense:
$3,244
Annual Insurance Expense:
$9,152
Annual Maintenance Expense:
$6,502
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,463
Tenant Expenses:
Other
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$24,339
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$24,339
Income
Annual Gross Income:
$76,585
Rent
Annual Net Income:
$8,748
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 Prudden & Company.
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.