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For Sale:  Minneapolis MLS# 7134709

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Active NEW!
$689,900
/mo Edit
Multi-family:  Fourplex
8 br • 4 ba • Built 1910
3,600 sqft • 0.13 acres
Minneapolis schools
MLS# 7134709
763-576-8286
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    Property Description

    Well-maintained four-plex just steps from the heart of Uptown, offering 8 beds and 4 baths total with $65, 000+ in potential annual income. New roof and updated units throughout. Fully fenced front and back yard, plus 4 off-street parking spaces. Coin laundry in the basement is owned outright, adding extra income on top of rent. Units 3 and 4 are leased through 2027, providing immediate, stable cash flow. Units 1 and 2 will be vacant at closing, ideal for owner-occupancy or setting your own rent. Showings: units 1 and 2 available on the first showing, units 3 and 4 on a second showing.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $689,900
    Price per sq ft: $192
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1910
    State: MN
    Property Style: Fourplex
    Zip Code: 55408
    Neighborhood/Area: 48
    Subdivision Name: Motor Line Add

    Interior

    Bedrooms: 8
    Bathrooms: 4
    Finished Area: 3,600 ft2
    Living Area: 3,600 ft2
    Refrigerators: Four
    Basement Details:
    • Shared Access
    • Storage/Locker

    Exterior

    Stories: Two
    Garage Spaces: 0
    Garage Dimensions: NA
    Foundation Size: 1,800 ft2
    Foundation Dimensions: 0
    Handicap Accessible: None
    Heating System: Radiator
    Parking Features: Gravel
    Shared Amenities: Deck
    Road Frontage: City Street
    Exterior Material: Block
    Pool: None
    Roof Details: Flat

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.13
    Geolocation: 44.94743, -93.283408
    Lot Dimensions: 123 x 46
    Zoning: Residential-Multi-Family

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $3,180
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,400
    Annual Maintenance Expense: $3,000
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Electricity, Fuel, Trash Collection

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $9,814
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,814

    Income

    Annual Gross Income: $45,600
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    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 Keller Williams Classic Rlty NW.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.