For Sale: Minneapolis MLS# 7080720
Active
NEW!
$599,900
Multi-family: Triplex
6 br • 3 ba • Built 1900
3,090 sqft • 0.12 acres
Minneapolis schools
MLS# 7080720
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Property Description
This beautifully updated three-unit property blends timeless Victorian charm with thoughtful modern improvements throughout, offering a fantastic opportunity for both investors and owner-occupants. With multiple living spaces and extensive updates already completed, this property is well-suited for rental income, multigenerational living, or a combination of both.
Extensive interior and exterior painting was completed in keeping with the home’s classic Victorian style, enhancing both character and curb appeal. The property has also undergone a full landscaping transformation with irrigation added throughout. The front yard was redesigned from sloped terrain into elegant terraced landscaping with hedges, flowers, and plantings, while the backyard now features perimeter bushes, expanded irrigation, and clearly defined parking for up to five vehicles.
Inside, the home offers numerous mechanical and interior upgrades, including renovated furnaces, replaced A/C condensers, and new split units on the top floor for added comfort and efficiency. Bathrooms on every level have been updated, and the second-floor kitchen has been refreshed for modern functionality.
The top floor has been enhanced with an in-unit washer and dryer along with an updated kitchenette area, creating a flexible and inviting space for cooking, entertaining, or extended living arrangements. Combining historic character, modern updates, and strong investment potential, this unique property is a rare opportunity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$599,900
Price per sq ft:
$194
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Triplex
Zip Code:
55408
Neighborhood/Area:
47
Subdivision Name:
Barons Sub Lt 3 R P Russell Outlot
Interior
Bedrooms:
6
Bathrooms:
3
Finished Area:
3,090 ft2
Living Area:
3,090 ft2
Refrigerators:
Three
Basement Details:
Full
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,118 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Gravel
Shared Amenities:
Laundry
Road Frontage:
City Street
Exterior Material:
Stone
Pool:
None
Roof Details:
Asphalt
Rooms
Shared Rooms:
Other
Laundry:
In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.12
Geolocation:
44.955093, -93.292231
Lot Dimensions:
40 x 129
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,089
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,089
Income
Annual Gross Income:
$61,356
Rent
Annual Net Income:
None
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 Keller Williams Premier Realty Lake Minnetonka.
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.