For Sale: Minneapolis MLS# 6575128
Active
$995,000
Commercial: Apartment,Low Rise
Built 1929
0.15 acres
Minneapolis schools
MLS# 6575128
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Property Description
VINTAGE THREE STORY APARTMENT BUILDING BUILT IN 1929 WITH 9, 480 SQ FT. 9 UNITS WITH 4-ONE BEDROOMS, 4-EFFICIENCES, AND 1-THREE BEDROOM, 4 ONSITE PARKING SPACES. NEW ROOF IN 2016. NEW BOILER IN 2022. SOME OF THE UNITS HAVE BEEN REMODELED WITH NEWER WINDOWS. THE BUILDING HAS BEEN DESIGNATED AN HISTORIC APARTMENT BUILDING BY THE MINNEAPOLIS HERITAGE PRESERVATION COMMISSION. CLOSE TO THE MINNEAPOLIS INSTITUTE OF ARTS.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$995,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1929
State:
MN
Property Style:
Apartment, Low Rise
Zip Code:
55404
Neighborhood/Area:
Whittier
Subdivision Name:
Remingtons Add
Interior
Ranges:
Six or More
Refrigerators:
Six or More
Appliances Included:
- Cooktop
- Dishwasher
- Dryer
- Gas Water Heater
- Range
- Refrigerator
- Washer
Exterior
Stories:
Three Or More
Garage Spaces:
1
Other Parking Spaces:
3
Air Conditioning:
Window Unit(s)
Foundation Size:
3,160 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Hot Water
Parking Features:
- Asphalt
- Detached
- Paved
- Unassigned
Shared Amenities:
Coin-op Laundry Owned
Unit Amenities:
- Hardwood Floors
- Tile Floors
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
Brick/Stone
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Lot & Land
Acres:
0.15
Geolocation:
44.962038, -93.274372
Inclusions:
Building, Fixture/Equipment
Lot Dimensions:
50 x 127
Zoning:
Residential-Single Family
Lot Description:
Tree Coverage - Medium
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
$6,000
Annual Electric Expense:
$1,760
Annual Fuel Expense:
$8,100
Annual Insurance Expense:
$4,710
Annual Maintenance Expense:
$7,250
Annual Gross Expense:
$46,615
Annual Water/Sewer Expense:
$2,465
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$16,330
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$16,330
Income
Annual Gross Income:
$94,800
Rent
Annual Net Income:
$48,185
Units
Total Units:
9
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Heating Common
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 Edina Realty, Inc..
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.