For Sale: Minneapolis MLS# 7093206
Active Contingent
$499,999
Multi-family: Fourplex
4 br • 4 ba • Built 1924
3,162 sqft • 0.15 acres
Minneapolis schools
MLS# 7093206
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Property Description
Directly across the street from Audubon Park, this 1924 stucco fourplex gives every unit a sunroom facing the green. Four 1BR/1BA units, each with that sunroom, a huge walk-in pantry, beautiful natural woodwork and the character these Northeast buildings are known for. The expensive work is already behind you. The flat roof was redone in fall 2025 and carries transferable 20-year material, 5-year labor, and 50-year metal trim warranties. Exterior fully repainted, common areas refreshed, and a newly paved driveway with six off-street spaces. The basement runs the full footprint of the building, holding coin-op laundry, private storage lockers, and room to spare. Across the street the park offers a recreation center, playground, wading pool, sport courts, walking paths, native plant garden, and a sledding hill, with Central Avenue and Johnson Street shops and restaurants a short walk away. One lease expires October 1, 2026, opening the door to occupy one unit and rent the other three, or simply hold all four.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$499,999
Price per sq ft:
$158
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1924
State:
MN
Property Style:
Fourplex
Zip Code:
55418
Neighborhood/Area:
2
Subdivision Name:
Summit View Add
Interior
Bedrooms:
4
Bathrooms:
4
Finished Area:
3,162 ft2
Living Area:
3,162 ft2
Refrigerators:
Four
Basement Details:
- Block
- Shared Access
- Storage Space
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Foundation Size:
1,581 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Asphalt
Shared Amenities:
Laundry
Exterior Material:
- Block
- Concrete
- Frame
Roof Details:
- Age 8 Years or Less
- Flat
Rooms
Laundry:
- Common Area
- In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.15
Geolocation:
45.0219999852, -93.2413699325
Lot Dimensions:
62 x 100
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,000
Annual Maintenance Expense:
$4,734
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Sewer, Trash Collection, Water
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,988
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,116
Income
Annual Gross Income:
$53,400
Misc. Annual Income:
$1,000
Misc. Monthly Income:
None
Rent
Annual Net Income:
$31,710
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 MRG Realty Partners, 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.