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For Sale:  Minneapolis MLS# 7030855

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Active NEW!
$515,000
/mo Edit
Multi-family:  Triplex
6 br • 3 ba • Built 1909
2,318 sqft • 0.13 acres
MLS# 7030855
763-576-8286
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    Property Description

    Turnkey and extensively updated, this Minneapolis triplex offers a rare opportunity for both investors and owner-occupants. Nearly every major system, roof and finishes has been updated within the past year. All three units feature updated kitchens with quartz countertops, new appliances, bathrooms, new flooring, modern lighting. Major mechanical upgrades include three newer boilers, replacement of approximately 90% of the radiators, and all new above-ground plumbing, giving peace of mind for years to come. The property offers a versatile unit mix of a 3-bedroom, a 2-bedroom, and a 1-bedroom plus den, allowing flexibility for a variety of tenants or an owner-occupant strategy. Additional features include a 3-car garage, full basement for storage and utilities, and a newly fenced backyard. With extensive improvements already completed and a desirable unit mix, this is a solid investment opportunity in Minneapolis with strong rental potential and minimal Cap Ex.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $515,000
    Price per sq ft: $222
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 3
    County: Hennepin
    Year Built: 1909
    State: MN
    Property Style: Triplex
    Zip Code: 55404
    Neighborhood/Area: 78
    Subdivision Name: J S & W Elliots Add

    Interior

    Bedrooms: 6
    Bathrooms: 3
    Finished Area: 2,318 ft2
    Living Area: 2,318 ft2
    Refrigerators: Three
    Basement Details: Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 3
    Garage Dimensions: 35x20
    Garage Size: 700 ft2
    Foundation Size: 1,268 ft2
    Fencing: Wood
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features: Detached Garage
    Roof Details: Age 8 Years or Less

    Lot & Land

    Acres: 0.13
    Geolocation: 44.963684, -93.260668
    Lot Dimensions: 43 x 138
    Zoning: Residential-Multi-Family

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $8,848
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,848

    Income

    Annual Gross Income: None

    Rent

    Annual Net Income: None

    Units

    Total Units: 3

    Miscellaneous

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

    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 Side by Side Realty LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.