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For Sale:  Minneapolis MLS# 6778844

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Active NEW!
$595,000
/mo Edit
Multi-family:  Four Plex
Built 1900
3,655 sqft • 0.1 acres
Minneapolis schools
MLS# 6778844
763-576-8286
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    Property Description

    Welcome to one of the most gem, hidden neighborhoods in Minneapolis! Nestled in a "nook" of the Mississippi, and boasting several walkable parks and access to the river, the U of M, as well as local restaurants, grocery, and more. This stately late-Victorian fourplex is easy to rent and could make for an exceptional owner-occupant opportunity, with funding available in conventional loans for only 5% down payment. Each of the well-maintained units boasts a private covered balcony or deck, and has its own private entry for exceptional livability. Inside, beautiful oak and maple millwork, hardwood floors, and trim make for a bright, sun filled historic space. Decorative cut stained glass and tall ceilings add to the historic charm. This street ends right in front of the home, and the huge freeway barrier wall creates a surprisingly peaceful sound level. Off street parking for four cars, a maintenance free stucco exterior, and newer roof make this property easy to own. Tenants pay their own heat and electric, which enhances the bottom line. Unit 4, a one+ bedroom upper unit, is left vacant for any lucky future owner occupant of this property. A huge unfinished attic and basement create the possibility to go up to 8 units. Grosses income of $5025 per month. Book your private showing today.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $595,000
    Price per sq ft: $163
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Four Plex
    Zip Code: 55454
    Neighborhood/Area: Cedar Riverside
    Subdivision Name: Whitcombs Sub In Blks Of Murphys Add

    Interior

    Finished Area: 3,655 ft2
    Living Area: 3,655 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Daylight/Lookout Windows
    • Full
    • Shared Access
    • Storage Space
    • Storage/Locker

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,827 ft2
    Foundation Dimensions: 87x21
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Forced Air
    • Gravity
    Parking Features:
    • Concrete
    • Gravel
    • Parking Lot
    Shared Amenities:
    • Deck
    • Laundry
    • Porch
    Road Frontage:
    • City Street
    • Curbs
    • No Outlet/Dead End
    Exterior Material: Stucco
    Roof Details:
    • Age 8 Years or Less
    • Architectural Shingle
    • Pitched

    Lot & Land

    Acres: 0.1
    Geolocation: 44.964848, -93.232525
    Lot Dimensions: 40 x 120
    Zoning: Residential-Multi-Family
    Lot Description: Some Trees

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $1,400
    Annual Insurance Expense: $6,600
    Annual Maintenance Expense: $2,000
    Annual Gross Expense: $30,400
    Annual Trash Expense: $900
    Annual Water/Sewer Expense: $2,787
    Tenant Expenses: Electricity, Fuel, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $6,803
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $6,803

    Income

    Annual Gross Income: $62,100
    Misc. Annual Income: $480
    Misc. Monthly Income: $40

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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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!

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