For Sale: Minneapolis MLS# 7111896
Active
NEW!
$649,900
Multi-family: Triplex
12 br • 5 ba • Built 1909
4,439 sqft • 0.13 acres
Minneapolis schools
MLS# 7111896
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Property Description
Excellent investment opportunity. This spacious triplex features three legal rental units plus a
non-conforming basement unit for additional rental income, with a total of 12 bedrooms throughout the
property. All units are currently occupied and generating income. Numerous updates have been completed, including a brand-new roof, new exterior paint, and many additional improvements throughout. A great opportunity for an investor or owner-occupant looking to generate rental income and build long-term equity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$649,900
Price per sq ft:
$146
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1909
State:
MN
Property Style:
Triplex
Zip Code:
55407
Neighborhood/Area:
11
Subdivision Name:
Chicago Lake Park Add
Interior
Bedrooms:
12
Bathrooms:
5
Finished Area:
4,439 ft2
Living Area:
4,439 ft2
Basement Details:
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Size:
360 ft2
Foundation Size:
1,596 ft2
Fencing:
Wood
Handicap Accessible:
None
Heating System:
- Baseboard
- Fireplace(s)
Parking Features:
- Concrete
- Detached Garage
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Roof Details:
- Age Over 8 Years
- Asphalt
Rooms
Laundry:
Common Area
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.13
Geolocation:
44.947738, -93.263061
Lot Dimensions:
124 x 47
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$500
Annual Maintenance Expense:
$4,000
Annual Trash Expense:
$1,000
Annual Water/Sewer Expense:
$3,000
Tenant Expenses:
Broadband, Electricity, Fuel
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$12,680
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,680
Income
Annual Gross Income:
$60,900
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- Natural Gas
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 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.