Home Call Us About Login
Map Search Area Search MLS#/Addr Featured New Const. Local Info
My Account Buying Selling Title Mortgage Inspections

For Sale:  Minneapolis MLS# 7048439

My notes for this property


Add listing to my favorites (required)
Active NEW!
$575,000
/mo Edit
Multi-family:  Fourplex
7 br • 4 ba • Built 1962
3,168 sqft • 0.14 acres
MLS# 7048439
763-576-8286
My rating:
Favorite
Ask Question
Request a Showing  
Agent
Ask the Agent℠

Ask the Agent℠

    Property inquiries submitted online are continually monitored to provide the best possible service.

    Terms & Conditions






    Thank You!

    An agent will be in contact with you soon to answer your question.

    Property Description

    Well-maintained 4 unit investment opportunity in South Minneapolis with major recent improvements already completed. Updates include a newer roof, newer driveway, and fresh paint throughout, reducing near-term capital expenditure for the next owner. Two units are currently occupied, providing immediate income, with the remaining two units offering strong upside through lease-up and rent growth potential. Each unit is separately metered for electricity, allowing for efficient expense management, and the property includes off-street parking for tenants. Conveniently located near Hwy 62 with easy access to public transportation, shopping, and local amenities, making it a desirable rental location. Ideal opportunity for an investor looking to stabilize and increase cash flow. All measurements and information are deemed reliable but not guaranteed. Buyer and buyer’s agent to verify all information.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $575,000
    Price per sq ft: $182
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1962
    State: MN
    Property Style: Fourplex
    Zip Code: 55417
    Neighborhood/Area: 82
    Subdivision Name: Sanders Add

    Interior

    Bedrooms: 7
    Bathrooms: 4
    Finished Area: 3,168 ft2
    Living Area: 3,168 ft2
    Refrigerators: Four
    Basement Details: None

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,584 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Boiler
    • Hot Water
    • Radiator
    Parking Features:
    • Open
    • Parking Lot
    Shared Amenities: Coin-op Laundry Owned
    Road Frontage: City Street
    Pool: None
    Roof Details: Age 8 Years or Less

    Rooms

    Laundry: Common Area

    Lot & Land

    Acres: 0.14
    Geolocation: 44.898686, -93.223846
    Lot Dimensions: 0

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $7,326
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,326

    Income

    Annual Gross Income: $52,680

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    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!

    Apply Online     Contact Eric     Subscribe to My Newsletter    

    Listing provided by RMLS, courtesy of Rize Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.