For Sale: Minneapolis MLS# 7119161
Active
NEW!
$495,000
Multi-family: Fourplex
8 br • 4 ba • Built 1891
3,188 sqft • 0.14 acres
Minneapolis schools
MLS# 7119161
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Rare solid cash flowing 4plex ready for investors hits the 1% rule! Each unit is 2 bedroom and 1 bath with updates periodically throughout. Laundry in basement and separate utilities for each unit. Vinyl siding installed in the last few years. Additional parking in rear for about 4 cars plus the 2 car garage currently rented separately for additional cash flow.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$495,000
Price per sq ft:
$155
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1891
State:
MN
Property Style:
Fourplex
Zip Code:
55407
Neighborhood/Area:
22
Subdivision Name:
Laymans 4th Add
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
3,188 ft2
Living Area:
3,188 ft2
Refrigerators:
Four
Basement Details:
- Partial
- Shared Access
- Storage Space
- Unfinished
- Walkout
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
21x20
Garage Size:
420 ft2
Foundation Size:
1,594 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Open
Road Frontage:
City Street
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.14
Geolocation:
44.949707, -93.248313
Lot Dimensions:
50 X 124
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,483
Annual Maintenance Expense:
$300
Annual Trash Expense:
$1,800
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Gas, Parking Fee
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$7,862
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,862
Income
Annual Gross Income:
$63,144
Misc. Annual Income:
None
Misc. Monthly Income:
$152
Rent
Annual Net Income:
$60,144
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Jason Mitchell Group.
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.