For Sale: Minneapolis MLS# 6753497
Active
$775,000
Multi-family: Triplex
Built 1886
3,052 sqft • 0.06 acres
Minneapolis schools
MLS# 6753497
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Property Description
Historic brownstone triplex located in the heart of Downtown Minneapolis, offering rare grandfathered zoning that permits multiple rental units under one roof — a unique advantage in this highly sought-after location. Believed to be the birthplace of John Paul Getty, this distinguished property blends timeless architecture with solid income-producing potential across three separate units.
The upper-level 1BR/1BA unit serves as the premier space, featuring a private rooftop deck with panoramic views of the surrounding community. Bright, elevated, and ideal for premium renters seeking downtown convenience paired with outdoor space.
The remaining units include a spacious 2BR/1BA and a versatile 2BR/2BA, each with private entrances and layout appeal for stable, long-term tenants. All units reflect the building's historic charm while offering the functionality modern renters appreciate.
Located just blocks from U.S. Bank Stadium and minutes to dining, parks, retail, and light rail access, this triplex presents both strong walkability and long-term appreciation potential. Investors will value the cash flow stability, zoning flexibility, and future development upside.
Key highlights:
• Grandfathered zoning allowing multiple rentals in one historic structure
• Upper-level 1BR unit with private rooftop deck and scenic views
• Two additional units with proven rental income and tenant appeal
• Walkable access to stadium, shopping, restaurants, transit, and entertainment
A rare blend of character, cash flow, and location — ideal for the investor who values heritage and strong fundamentals.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$775,000
Price per sq ft:
$254
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1886
State:
MN
Property Style:
Triplex
Zip Code:
55404
Neighborhood/Area:
Elliot Park
Subdivision Name:
Mattisons 3rd Add
Interior
Finished Area:
3,052 ft2
Living Area:
3,052 ft2
Ranges:
Three
Refrigerators:
Three
Basement Details:
- Unfinished
- Walkout
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,108 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Gravity
Parking Features:
- Parking Lot
- Paved
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.06
Geolocation:
44.971312, -93.264553
Lot Dimensions:
110X22
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$180
Annual Fuel Expense:
$1,200
Annual Insurance Expense:
$4,416
Annual Maintenance Expense:
$900
Annual Gross Expense:
$11,724
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,367
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,389
Income
Annual Gross Income:
$54,000
Misc. Annual Income:
$2,160
Misc. Monthly Income:
$180
Units
Total Units:
3
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 First Select.
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.