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For Sale:  Minneapolis MLS# 7139992

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Active NEW!
$549,900
/mo Edit
Multi-family:  Fourplex
4 br • 4 ba • Built 1900
3,060 sqft • 0.204 acres
Minneapolis schools
MLS# 7139992
763-576-8286
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    Property Description

    Located on the Northern end of Nicollet Island, this stunning historic home (also available as a portfolio- see supplements) delivers a masterclass in architectural heritage and urban lifestyle. Perfectly positioned between the North Loop and Northeast, these properties provide the peace of a secluded island sanctuary with immediate access to downtown. Consisting of twenty-two units in six historic homes dating from the late nineteenth to turn-of-the-century, tenants enjoy a lush environment, proximity to Nicollet Island Park, and a walkable lifestyle near iconic spots like The Guthrie Theatre, Stone Arch Bridge, Saint Anthony, & Aster Café. Property available for purchase as stand-alone or as a portfolio with five additional island properties. See marketing brochure in media supplements for details.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $549,900
    Price per sq ft: $180
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Fourplex
    Zip Code: 55401
    Neighborhood/Area: 58
    Subdivision Name: Nicollet Island

    Interior

    Bedrooms: 4
    Bathrooms: 4
    Finished Area: 3,060 ft2
    Living Area: 3,060 ft2
    Basement Details: Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 1,913 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Shared Amenities:
    • Common Garden
    • Laundry

    Rooms

    Laundry:
    • Common Area
    • In Basement

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.204
    Geolocation: 44.989459, -93.264383
    Lot Dimensions: 95 x 95
    Zoning:
    • Residential-Multi-Family
    • Residential-Single Family
    Lot Description:
    • Property Adjoins Public Land
    • Tree Coverage - Medium

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: $1
    Annual Electric Expense: $1
    Annual Fuel Expense: $1
    Annual Insurance Expense: $1
    Annual Maintenance Expense: $1
    Annual Trash Expense: $1
    Annual Water/Sewer Expense: $1
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $7,002
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,002

    Income

    Annual Gross Income: $1

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water - In Street

    Mortgage Calculator

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    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!

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