For Sale: Minneapolis MLS# 6713434
Active Contingent
$650,000
Multi-family: Four Plex
Built 1962
3,584 sqft • 0.1 acres
Minneapolis schools
MLS# 6713434
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Property Description
Rare Opportunity in Northeast Minneapolis – Well-Maintained 4-Plex in the Heart of the Arts District. Don’t miss this exceptional investment opportunity in one of Minneapolis’ most sought-after neighborhoods. This solidly built 4-plex is ideally located in the vibrant Northeast Arts District—just steps from scenic walking and biking trails and some of the city’s most popular restaurants, cafes, and breweries. Owned and meticulously cared for by the same owner for over 50 years, this property offers lasting quality and peace of mind. The exterior features low-maintenance brick and stucco, while major updates include a new roof, gutters, soffit, and fascia completed in 2017. The boiler has been recently serviced by CenterPoint Energy. The building includes Three 2-bedroom, 1-bath units and One 1-bedroom, 1-bath unit. It also features aCoin-operated laundry in the basement for additional income. Whether you’re a seasoned investor or just getting started, this property offers reliable rental income in a high-demand location. Schedule your showing today—opportunities like this don’t last long!
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$650,000
Price per sq ft:
$181
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1962
State:
MN
Property Style:
Four Plex
Zip Code:
55413
Neighborhood/Area:
Sheridan
Subdivision Name:
Z Demeules Sub Of Lts Bottineaus 2nd
Interior
Finished Area:
3,584 ft2
Living Area:
3,584 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Daylight/Lookout Windows
- Finished
- Full
- Storage Space
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
0
Garage Dimensions:
0x0
Foundation Size:
1,792 ft2
Foundation Dimensions:
64x28
Fencing:
None
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Asphalt
- Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.1
Geolocation:
45.004323, -93.267347
Lot Dimensions:
110 x 38
Lot Description:
Corner Lot
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:
None
Annual Maintenance Expense:
$500
Annual Gross Expense:
$61,200
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$4,200
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$8,574
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,574
Income
Annual Gross Income:
$61,200
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of RE/MAX Results.
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.