For Sale: Minneapolis MLS# 7105738
Active
$569,500
Multi-family: Triplex
4 br • 4 ba • Built 1900
2,306 sqft • 0.2 acres
Minneapolis schools
MLS# 7105738
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Property Description
Exceptional turnkey triplex in the Sheridan Neighborhood of Northeast Minneapolis.
Whether you are an investor seeking a stable income-producing property or an owner-occupant looking to house-hack, this is the perfect opportunity. This unique triplex currently has active Long-term and Short-term rental licenses with the City of Minneapolis. Each of the three units is currently vacant and has been thoughtfully updated with modern finishes, stainless steel appliances, LVP flooring, and newer windows. The property also features an unfinished basement with dedicated storage and laundry accommodation for each unit.
There is a large fenced outdoor space that includes a one-car garage with attached sheds, a two-car garage, and spacious uncovered off-street parking with additional capacity for six to eight vehicles. This immense exterior space offers potential for future ADU opportunities.
Unit 1 on the main level features one bedroom and one bathroom and was previously used as a long-term rental.
Unit 2 on the main level features one bedroom, one bathroom, and forced air with central A/C . This unit is currently used as a short-term rental, fully furnished and operational, netting an average of $2, 000 per month.
Unit 3 on the upper-level features two bedrooms, two bathrooms, in unit washer and dryer, in-suite bathroom in the primary bedroom, and forced air with central A/C. This unit was owner occupied.
Located in one of Northeast Minneapolis’ most creative and energetic neighborhoods, this property is surrounded by popular restaurants, breweries, galleries, and local small businesses; all while offering convenient access to Downtown Minneapolis and The University of Minnesota.
Don’t miss your chance to own this unique, updated triplex and all its amenities!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$569,500
Price per sq ft:
$247
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Triplex
Zip Code:
55413
Neighborhood/Area:
68
Subdivision Name:
Traders Add To St Anthony
Interior
Bedrooms:
4
Bathrooms:
4
Finished Area:
2,306 ft2
Living Area:
2,306 ft2
Refrigerators:
Three
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
3
Garage Size:
400 ft2
Foundation Size:
1,184 ft2
Foundation Dimensions:
64x18.5
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Carport
- Detached Garage
- Paved Lot
Rooms
Laundry:
- Common Area
- In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.2
Geolocation:
45.002078, -93.269329
Lot Dimensions:
132 x 66 x 132 x 33
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,706
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$7,706
Income
Annual Gross Income:
$64,200
Rent
Annual Net Income:
$60,000
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
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 Algo Realty Inc.
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.