For Sale: Minneapolis MLS# 7096745
Active
$895,000
Multi-family: Fourplex
12 br • 4 ba • Built 1905
4,464 sqft • 0.12 acres
Minneapolis schools
MLS# 7096745
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Property Description
Spacious fourplex in the Seward neighborhood! This massive fourplex has a true 3 bed and 1 bath each unit going from front to back! Both main level units have their own separate front & back entry. Each unit has their own front porch/balcony. Upper units share the back balcony. All units have the same floor plan and mirror each other. Each unit has access to control their own heat! It's how the boiler system was set up. Updates such as paint and some newer appliances installed to units through new ownership . Tons of parking in the back that can fit at least 8 cars. Coin-op washer, and free newer dryer to replace previous coin-op. Tenants are on year long leases and have renewed. All 4 units have 3 bedrooms and 1 full bathroom each! 3 storage units in the basement along with a huge owners storage unit. All units are fully leased!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$895,000
Price per sq ft:
$200
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1905
State:
MN
Property Style:
Fourplex
Zip Code:
55406
Neighborhood/Area:
67
Subdivision Name:
Rgt Falls City Addn-Blks E-F-G-H-T &U
Interior
Bedrooms:
12
Bathrooms:
4
Finished Area:
4,464 ft2
Living Area:
4,464 ft2
Refrigerators:
Four
Basement Details:
- Block
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
2,232 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Assigned
- Gravel
- Parking Lot
Shared Amenities:
- Coin-op Laundry Owned
- Patio
Road Frontage:
City Street
Exterior Material:
Concrete
Roof Details:
Asphalt
Rooms
Laundry:
In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.12
Geolocation:
44.958889, -93.226713
Lot Dimensions:
40 x 134
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$300
Annual Fuel Expense:
$4,500
Annual Insurance Expense:
$4,000
Annual Maintenance Expense:
$400
Annual Trash Expense:
$1,350
Annual Water/Sewer Expense:
$1,350
Tenant Expenses:
Electricity, Gas, Heat
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$12,457
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$12,457
Income
Annual Gross Income:
$86,850
Misc. Annual Income:
$6,000
Rent
Annual Net Income:
$74,450
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 Engel & Volkers Minneapolis Downtown.
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.