For Sale: Minneapolis MLS# 7097885
Active
NEW!
$699,900
Multi-family: Fourplex
7 br • 5 ba • Built 1891
3,300 sqft • 0.19 acres
Minneapolis schools
MLS# 7097885
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Property Description
Impeccably renovated, turnkey fourplex in the Holland neighborhood of Northeast Minneapolis, 100% leased and in immaculate condition. Three of the four units carry high-end finishes from a full 2016 renovation: hardwood floors, updated kitchens, and newer furnaces and water heaters. The showpiece is a two-level, premium top floor 3-bed/2-bath unit with its own central A/C, a flexible upper-level loft (home office, den or lounge), a heated-tile bathroom, a shared deck on the main level and a private balcony on the upper level. Every unit is separately metered, including the unfinished lower level; tenants pay their own electric and gas, owner covers water, sewer and trash. Shared front porch and rear deck, on-site coin laundry, off-street parking, and unbilled basement storage.
The upside is real. In-place rents sit under market with leases rolling through 2026, the two 1-beds convert easily to 2-beds, with all units being separately-metered including the lower level which already has a finished bathroom plus its own furnace and water heater, needing only a kitchen to become a 5th unit, taking the building from 7 bedrooms to as many as 10. One unit is opening up now, a rare chance for an owner-occupant to move in. Walk to Central Ave, breweries, galleries and restaurants. See it in person.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$699,900
Price per sq ft:
$212
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1891
State:
MN
Property Style:
Fourplex
Zip Code:
55418
Neighborhood/Area:
33
Subdivision Name:
Menages Sup To East Side Add
Interior
Bedrooms:
7
Bathrooms:
5
Finished Area:
3,300 ft2
Living Area:
3,300 ft2
Refrigerators:
Four
Basement Details:
Full
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,100 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Parking Lot
- Shared Driveway
Shared Amenities:
- Coin-op Laundry Owned
- Deck
- Laundry
- Patio
- Porch
Exterior Material:
Frame
Pool:
None
Roof Details:
- Asphalt
- Pitched
Rooms
Laundry:
- Common Area
- In Basement
- Sink
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.19
Geolocation:
45.014063, -93.249625
Lot Dimensions:
46’ x 182’
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$823
Annual Fuel Expense:
$80
Annual Insurance Expense:
None
Annual Maintenance Expense:
$265
Annual Trash Expense:
$1,881
Annual Water/Sewer Expense:
$3,272
Tenant Expenses:
Electricity, Gas, Heat
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$9,933
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$10,763
Income
Annual Gross Income:
$66,120
Rent
Annual Net Income:
$31,111
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.