For Sale: Minneapolis MLS# 7049127
Active
NEW!
$1,399,995
Multi-family: Triplex
12 br • 6 ba • Built 2022
5,835 sqft • 0.109 acres
MLS# 7049127
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Property Description
These luxury units were thoughtfully designed to attract and retain high-quality tenants. Each floor features four spacious bedrooms, two full bathrooms, and high-end finishes throughout, including luxury vinyl plank flooring, stainless steel appliances, quartz countertops, and designer lighting.
Open-concept living and dining areas are enhanced by large windows that provide abundant natural light—ideal for both everyday living and entertaining. Bedrooms offer ample closet space and include ceiling fans for added comfort. Each unit features two bathrooms with double vanities, linen storage, and standard tubs.
All units include in-unit laundry, central heating and cooling, and secure access control. The property is also equipped with mobile app-enabled exterior surveillance cameras, allowing for remote monitoring and added security.
Exterior maintenance is minimal for the next owner. Per the Unit 2 lease agreement, snow removal, lawn care, and common entryway cleaning are covered through May 2028, providing a low-maintenance ownership experience.
Ideally located directly across from Painter Park—featuring basketball courts, a skate park, baseball diamond, and playground—the property strongly appeals to tenants with active lifestyles. It is also steps from the vibrant Lyn-Lake area, offering a wide variety of dining, shopping, and entertainment options, along with nearby green spaces.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,399,995
Price per sq ft:
$240
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
2022
State:
MN
Property Style:
Triplex
Zip Code:
55408
Neighborhood/Area:
70
Subdivision Name:
Remingtons 2nd Add
Interior
Bedrooms:
12
Bathrooms:
6
Finished Area:
5,835 ft2
Living Area:
5,835 ft2
Refrigerators:
One Per Unit
Basement Details:
- Concrete
- Drain Tiled
- Egress Window(s)
- Storage Space
- Sump Pump
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,945 ft2
Foundation Dimensions:
29.5x66
Fencing:
Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Forced Air
- Space Heater
Parking Features:
- Assigned
- Concrete
Shared Amenities:
- Fire Sprinkler System
- Other
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Frame
Pool:
None
Roof Details:
- Age 8 Years or Less
- Flat
Rooms
Laundry:
In Unit
Lot & Land
Acres:
0.109
Geolocation:
44.94257, -93.288588
Lot Dimensions:
40 x 118
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$500
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,107
Annual Maintenance Expense:
$1,000
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,600
Tenant Expenses:
Cable TV, Electricity, Gas, Heat, Lawn Care, Other, Snow Removal
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$21,271
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$21,271
Income
Annual Gross Income:
$108,000
Rent
Annual Net Income:
$99,593
Units
Total Units:
3
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 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.