For Sale: Minneapolis MLS# 6603537
Active
NEW!
$380,000
Multi-family: Four Plex
Built 1910
2,992 sqft • 0.12 acres
Minneapolis schools
MLS# 6603537
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Property Description
Charming 1910-built 4-plex, owned for 14 years, is the perfect investment opportunity. Each of the four 1-bedroom, 1-bathroom units boasts hardwood floors, an open-concept living and dining area, and timeless character. Located just minutes from downtown Minneapolis with easy highway access, residents will love being close to lakes, trails, shops, restaurants, and cafes. The property features a newer roof (less than 8 years old), a 2-stall garage, and three additional parking spaces, offering potential for extra income. Four storage units, two currently rented out, further enhance income potential. With leases set to renew (three expiring in October and one in December), this property has a proven history of always being rented. Priced competitively for a quick sale, don’t miss out on this investment opportunity!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$380,000
Price per sq ft:
$127
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1910
State:
MN
Property Style:
Four Plex
Zip Code:
55408
Neighborhood/Area:
Phillips West
Subdivision Name:
Boulevard Add
Interior
Finished Area:
2,992 ft2
Living Area:
2,992 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Concrete
- Egress Window(s)
- Stone/Rock
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Foundation Size:
945 ft2
Fencing:
Chain Link, Partial, Wood
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Asphalt
- Detached
- More Parking Offsite for Fee
Shared Amenities:
- Coin-op Laundry Owned
- Common Laundry
- Deck
- Porch
Road Frontage:
Private Road
Exterior Material:
- Stucco
- Vinyl Siding
Roof Details:
- Age 8 Years or Less
- Flat
- Rolled/Hot Mop
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.12
Geolocation:
44.949137, -93.273749
Lot Dimensions:
42 x 126
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Electric Expense:
$300
Annual Fuel Expense:
$3,650
Annual Insurance Expense:
$3,000
Annual Maintenance Expense:
$1,200
Annual Gross Expense:
None
Annual Trash Expense:
$1,000
Annual Water/Sewer Expense:
$3,800
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,312
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,312
Income
Annual Gross Income:
$46,500
Misc. Annual Income:
$1,440
Misc. Monthly Income:
$120
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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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 Coldwell Banker Realty.
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.