For Sale: Minneapolis MLS# 6697411
Active Contingent
$749,990
Multi-family: Four Plex
Built 1969
3,324 sqft • 0.16 acres
Minneapolis schools
MLS# 6697411
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Property Description
Turn-Key 4-Plex Investment Opportunity in Longfellow
Rare chance to acquire a solid, all-brick 4-plex in the highly sought-after Longfellow neighborhood. This property features four 2-bedroom units with similar layouts and updated finishesâ??ideal for reliable, consistent cash flow from day one.
This building offers minimal maintenance and reduced upfront costs. The lower level includes a roughed-in 5th unit with two rooms, egress windows, and an existing bathroomâ??presenting a significant value-add opportunity (buyer to verify).
An asphalt parking lot at the rear. Located in a strong rental market with high demand and solid long-term appreciation.
Whether youâ??re looking to house-hack, expand your portfolio, or 1031 into a stabilized asset with upside, this one checks all the boxes.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$749,990
Price per sq ft:
$226
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1969
State:
MN
Property Style:
Four Plex
Zip Code:
55406
Neighborhood/Area:
Longfellow
Subdivision Name:
South Minneapolis Add
Interior
Finished Area:
3,324 ft2
Living Area:
3,324 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Egress Window(s)
- Partially Finished
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Foundation Size:
1,632 ft2
Fencing:
Chain Link, Partial
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Asphalt
- Open
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Exterior Material:
Brick/Stone
Roof Details:
Asphalt
Lot & Land
Acres:
0.16
Geolocation:
44.951534, -93.226658
Lot Dimensions:
48 X 132
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,020
Annual Fuel Expense:
$3,036
Annual Insurance Expense:
$2,755
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
$1,080
Annual Water/Sewer Expense:
$7,800
Tenant Expenses:
Cable TV, Electricity, Other
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$11,737
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$11,737
Income
Annual Gross Income:
$84,000
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.