For Sale: Minneapolis MLS# 7111414
Active
NEW!
$750,000
Multi-family: Fourplex
7 br • 4 ba • Built 1969
3,472 sqft • 0.3 acres
Minneapolis schools
MLS# 7111414
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Property Description
Fantastic investment opportunity featuring a well-maintained fourplex with strong income potential. This property consists of three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering a desirable mix to attract a variety of tenants. Each unit provides approximately 800 finished square feet of living space, and the property includes four separate garage stalls, adding convenience and additional tenant appeal. Whether you're looking to grow your investment portfolio or secure a dependable income-producing asset, this multifamily property offers excellent rental potential and long-term value.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$750,000
Price per sq ft:
$216
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1969
State:
MN
Property Style:
Fourplex
Zip Code:
55413
Neighborhood/Area:
72
Subdivision Name:
Auditors Sub 254
Interior
Bedrooms:
7
Bathrooms:
4
Finished Area:
3,472 ft2
Living Area:
3,472 ft2
Basement Details:
- Block
- Finished
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
4
Garage Size:
800 ft2
Foundation Size:
1,736 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Detached Garage
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.3
Geolocation:
44.998424, -93.261299
Lot Dimensions:
93 x 32 x 153 x 53 x 128
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$8,490
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,859
Annual Maintenance Expense:
$1,116
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,393
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$9,393
Income
Annual Gross Income:
$59,329
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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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 Real Broker, LLC.
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.