For Sale: Minneapolis MLS# 7104766
Active
NEW!
$575,000
Commercial: Other
7 br • 5 ba • Built 1884
0.09 acres
Minneapolis schools
MLS# 7104766
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Property Description
Five-unit apartment building next to the hospital in South Minneapolis! This property currently has one vacancy but once fully filled should generate $6, 465/month in rent. Two of the units are two bedroom units, renting for $1, 495 and $1, 450. Three are one bedroom units renting for (vacant), $1, 150 and $1, 270. Tenants pay their own electric (heat is all electric). Old boiler in basement is disconnected.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$575,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1884
State:
MN
Property Style:
Other
Zip Code:
55404
Neighborhood/Area:
54
Subdivision Name:
Cole & Weeks Rgt Brackett & Bovey
Interior
Bedrooms:
7
Bathrooms:
5
Refrigerators:
Five
Exterior
Garage Spaces:
0
Foundation Size:
1,541 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
On-Street Parking Only
Roof Details:
- Asphalt
- Flat
- Pitched
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.09
Geolocation:
44.957478, -93.258412
Inclusions:
Building
Lot Dimensions:
29 x 127
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Electric Expense:
None
Annual Insurance Expense:
$4,210
Annual Trash Expense:
$2,586
Annual Water/Sewer Expense:
$3,296
Tenant Expenses:
Electricity, Heat
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,243
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,243
Income
Annual Gross Income:
$64,380
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
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 Financially Free, 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.