For Sale: Minneapolis MLS# 6698884
Active
$675,000
Multi-family: Four Plex
Built 1904
4,732 sqft • 0.19 acres
Minneapolis schools
MLS# 6698884
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Property Description
Located in the highly desirable Whittier neighborhood of Uptown Minneapolis, this well-maintained four-unit building offers exceptional investment potential. Set on an extra-wide 64 ft lot, the property provides a mix of spacious living spaces, recent upgrades, and a prime location with strong rental demand. Ideal for investors seeking a low-maintenance property with long-term income potential.
Property Highlights:
Unit 1 & 2: Expansive 3-bedroom units featuring wood floors, cozy fireplaces, and recent updates. Unit 1 includes refinished floors, modern kitchen cabinets, updated tile floors, and beautiful granite countertops.
Unit 3 (Top Level): A large, 2-bedroom unit that boasts a private deck, gas fireplace, and luxurious vinyl flooring. The kitchen has also been updated with sleek granite countertops, making this space a perfect home for tenants seeking comfort and style.
Lower-Level Studio: This cozy studio apartment has its own egress and a utility room equipped with owned coin-operated laundry, adding extra convenience for residents.
Parking & Amenities: The property offers three garage stalls and ample off-street parking. Plus, a brand-new roof was installed in 2024, ensuring peace of mind and no major roofing expenses for years to come.
This building offers fantastic potential for steady rental income in a thriving area with excellent amenities, restaurants, and transit options nearby. With its spacious units, recent updates, and prime location in Uptown Minneapolis, this building represents an outstanding investment opportunity. The strong rental demand in this area ensures the property will remain a reliable source of income. Don�??t miss your chance to invest in this desirable, low-maintenance property!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$675,000
Price per sq ft:
$143
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1904
State:
MN
Property Style:
Four Plex
Zip Code:
55405
Neighborhood/Area:
Whittier
Subdivision Name:
Badger & Penneys Add
Interior
Finished Area:
4,732 ft2
Living Area:
4,732 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Block
- Egress Window(s)
- Finished
- Partially Finished
- Shared Access
- Single Tenant Access
- Walkout
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
3
Garage Size:
900 ft2
Foundation Size:
1,544 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Radiator(s)
Parking Features:
- Concrete
- Detached
Shared Amenities:
- Coin-op Laundry Owned
- Laundry
Exterior Material:
Stucco
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.19
Geolocation:
44.962059, -93.283868
Lot Dimensions:
64 x 129
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$900
Annual Fuel Expense:
$8,100
Annual Insurance Expense:
$6,200
Annual Maintenance Expense:
$500
Annual Gross Expense:
$20,100
Annual Trash Expense:
$1,800
Annual Water/Sewer Expense:
$2,400
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,306
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$9,306
Income
Annual Gross Income:
$67,800
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- 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 Bridge Realty, 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.