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For Sale:  Minneapolis MLS# 6527634

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Active
$625,000
/mo Edit
Multi-family:  Triplex
Built 1924
3,210 sqft • 0.12 acres
Minneapolis schools
MLS# 6527634
763-576-8286
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    Property Description

    This well-maintained, beautiful, classic triplex in Uptown Minneapolis is only for sale because the seller has moved. This property was in good condition when the current owner purchased it and then made many improvements, including a new roof, fascia, windows, gutters, french drains, a high-end professional paint job, and more. The seller was planning on holding for years. It is always rented with good tenants. It has an excellent rental history. Currently, it has two units rented with the first floor available for owner occupant or ready for a new tenant. The floor plans are original, with the 1st and 2nd floor units having the same layout and condition. 4 off-street parking spots are available behind the Tri-plex. The location is excellent, near new redevelopment in the city, lakes, restaurants and cafes in the vibrant part of Uptown. This has been an excellent source of income, with tenants paying all utilities. The triplex is low-maintenance and has been a joy to manage.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $625,000
    Price per sq ft: $195
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1924
    State: MN
    Property Style: Triplex
    Zip Code: 55405
    Neighborhood/Area: Lowry Hill East
    Subdivision Name: Anderson Douglas & Co 1st Add

    Interior

    Finished Area: 3,210 ft2
    Living Area: 3,210 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details:
    • Egress Window(s)
    • Partially Finished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,500 ft2
    Foundation Dimensions: 30x50
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Boiler
    Parking Features: Gravel
    Exterior Material: Stucco
    Roof Details:
    • Age 8 Years or Less
    • Architectural Shingle

    Lot & Land

    Acres: 0.12
    Geolocation: 44.956872, -93.293496
    Lot Dimensions: 129 x 40

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $8,297
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,297

    Income

    Annual Gross Income: $56,582

    Units

    Total Units: 3

    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.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

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