Sold: Minneapolis MLS# 6399951
Sold
$639,500 (list price)
$639,500
Multi-family: Four Plex
Built 1900
3,164 sqft • 0.17 acres
Minneapolis schools
MLS# 6399951
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Property Description
This Property is Under Purchase Agreement. Great opportunity to own/occupy your own rental business in one of the most centrally located neighborhoods in the Twin Cities metro. Charming Victorian 4-unit rental property with an opportunity to add a large 5th unit owner’s suite to the top floor with potential home office space. Or create a 2-story owner’s suite by connecting one of the 2nd floor units to the top floor and have up to 3 large bedrooms on the upper level with the living space and a home office on the main. The top floor of this property has a loft space with access to a potential rooftop deck. Location is key! Less than a 10-minute drive to downtown Minneapolis, Abbot Northwestern Hospital, the Uptown Neighborhood and the Minneapolis lakes & parks, with quick access to I-35W and less than 20 minutes to MSP International Airport. Due to its proximity to all the area amenities, this property has the potential to be a very successful AIRBNB.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$639,500
Sold Price:
$639,500
Sold Date:
12/08/2023
Price per sq ft:
$202
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Four Plex
Zip Code:
55408
Neighborhood/Area:
Whittier
Subdivision Name:
J T Blaisdells Rev Add
Interior
Finished Area:
3,164 ft2
Living Area:
3,164 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
Stone/Rock
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,582 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Heating System:
- Boiler
- Steam
Parking Features:
- Asphalt
- Paved
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.17
Geolocation:
44.954499, -93.280118
Lot Dimensions:
44.87 X 165
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$300
Annual Fuel Expense:
$2,400
Annual Insurance Expense:
$2,000
Annual Maintenance Expense:
$1,000
Annual Gross Expense:
$21,000
Annual Trash Expense:
$1,200
Annual Water/Sewer Expense:
$3,180
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$7,814
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,814
Income
Annual Gross Income:
$54,780
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Water System:
City Water - In Street
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Metro Group Real Estate.
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.