Pending: Minneapolis MLS# 6555462
Pending
$649,000
Multi-family: Four Plex
Built 1915
4,096 sqft • 0.14 acres
Minneapolis schools
MLS# 6555462
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Property Description
Welcome to this wonderfully located, Uptown Minneapolis true 4-plex. This building is located in a nice residential area near the Chain of Lakes, bike trails, excellent local and express transit, a block from great restaurants and Seven Points Shopping. All units are 2 bedroom, 1 bath plus a sunroom for extra versatility. Classic features of hardwood floors, original natural oak buffets add charm. The building is wired for high speed fiber optic internet for work at home. Current tenants love the building. Please note the supplement summary of extensive work performed by these long-term owners. Many mechanical improvements have been made in recent years. Heat is newer single boiler, electricity is 4 tenant-paid 60 amp services plus house panel. 8 off-street parking spaces due to garage being removed! Easy to show with 48 hours notice.
Listing
Listing Status:
Pending
Contingency:
None
List Price:
$649,000
Price per sq ft:
$158
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1915
State:
MN
Property Style:
Four Plex
Zip Code:
55408
Neighborhood/Area:
South Uptown
Subdivision Name:
Remingtons 2nd Add
Interior
Finished Area:
4,096 ft2
Living Area:
4,096 ft2
Ranges:
Four
Refrigerators:
One Per Unit
Basement Details:
- Full
- Shared Access
- Storage Space
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Foundation Size:
2,048 ft2
Foundation Dimensions:
51x36
Handicap Accessible:
None
Heating System:
- Boiler
- Hot Water
Parking Features:
Open
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
Stucco
Lot & Land
Acres:
0.14
Geolocation:
44.945409, -93.295405
Lot Dimensions:
46 x 128
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$3,518
Annual Insurance Expense:
$4,435
Annual Maintenance Expense:
$2,000
Annual Gross Expense:
$27,215
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,793
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$9,897
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,897
Income
Annual Gross Income:
$67,872
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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.
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!
Listing provided by RMLS,
courtesy of Keller Williams Realty Integrity Lakes.
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.