For Sale: Minneapolis MLS# 7023393
Active
NEW!
$650,000
Multi-family: Triplex
6 br • 3 ba • Built 1905
3,285 sqft • 0.24 acres
MLS# 7023393
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Property Description
Exceptional triplex located in the heart of Northeast Minneapolis, ideal for investors or owner-occupants. This property has been proudly cared for by the same owner for the past 41 years and it shows! The new owner will appreciate beautiful hardwood floors, lots of natural light in all units, and original character that makes this building a highly desirable rental property.
The lower unit has 2 bedrooms, an office/den, 1 bathroom, an open kitchen, and stunning original woodwork with decorative pillars. The second-floor unit has 2 bedrooms plus an office and den, creating a spacious layout, along with 1 bathroom featuring a classic clawfoot tub. The top floor unit is full of unique and original charm, hardwood floors, a clawfoot tub, and 2 bedrooms.
Additional highlights include a three-car garage with separate stalls and new Hardie board siding. Both the garage and house have had new roofs and gutters installed in 2024. With a surplus of outdoor space, the oversized lot provides the potential of building an ADU as well. This is a prime location within walking distance to neighborhood restaurants, breweries, bars, Northeast athletic park, Great Northern Greenway bike trail, post office, and the Quarry Shopping Center.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$650,000
Price per sq ft:
$198
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1905
State:
MN
Property Style:
Triplex
Zip Code:
55418
Neighborhood/Area:
87
Subdivision Name:
Lincoln Street Sup East Side Add
Interior
Bedrooms:
6
Bathrooms:
3
Finished Area:
3,285 ft2
Living Area:
3,285 ft2
Basement Details:
Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
3
Garage Size:
720 ft2
Foundation Size:
1,204 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Other
Parking Features:
Detached Garage
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.24
Geolocation:
45.006789, -93.241389
Lot Dimensions:
80 x 132
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,425
Annual Maintenance Expense:
None
Annual Trash Expense:
$903
Annual Water/Sewer Expense:
$2,000
Tenant Expenses:
Broadband, Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,874
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,874
Income
Annual Gross Income:
$58,800
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
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 RE/MAX Results.
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.