For Sale: Minneapolis MLS# 7145728
Active
$750,000
Multi-family: Triplex
9 br • 4 ba • Built 1922
4,861 sqft • 0.15 acres
Minneapolis schools
MLS# 7145728
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Property Description
Gorgeous Lyndale triplex with original details throughout and a non-conforming fourth unit with bonus income potential! The main and second floor units live like single family homes, with generous 3 bedroom layouts, sunroom, original hardwood floors and classic dining room built ins. Every unit has its own sunroom, and the main floor unit has two! Endless opportunities for morning coffee or sun soaked offices throughout. Further, all units have updated tiled bathrooms and central AC.
Amazing owner occupant potential: live in the spacious main unit or basement unit while the rents help cover the mortgage. Value add investors will find room to grow rents and long term equity. Outside, an oversized detached four car garage with its own full basement offers massive additional storage, and the long driveway adds more off street parking. Coin operated laundry in the home’s basement brings in additional income, and no mow rain gardens keep upkeep minimal. The quiet block sees no through traffic, yet Hola Arepa, Five Watt Coffee and the Chain of Lakes are all within walking distance. This triplex offers both a charming lifestyle with excellent income, the best of both a single family and multi-family home!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$750,000
Price per sq ft:
$154
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1922
State:
MN
Property Style:
Triplex
Zip Code:
55408
Neighborhood/Area:
48
Subdivision Name:
Park Add
Interior
Bedrooms:
9
Bathrooms:
4
Finished Area:
4,861 ft2
Living Area:
4,861 ft2
Refrigerators:
Four
Basement Details:
- Block
- Kitchenette
- Partially Finished
- Single Tenant Access
- Tile Shower
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
4
Garage Size:
1,600 ft2
Foundation Size:
1,298 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Concrete
- Detached Garage
- Paved Lot
Shared Amenities:
- Coin-op Laundry Owned
- Laundry
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Pool:
None
Rooms
Laundry:
- Common Area
- In Basement
- Laundry Room
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.15
Geolocation:
44.940854, -93.280915
Lot Dimensions:
40.00 X 167.00
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$7,118
Annual Fuel Expense:
$2,140
Annual Insurance Expense:
None
Annual Maintenance Expense:
$2,000
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,800
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$10,563
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$10,563
Income
Annual Gross Income:
$57,000
Misc. Annual Income:
$1,000
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 Keller Williams Realty Integrity Lakes.
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.