For Sale: Minneapolis MLS# 6634541
Active
$699,900
Multi-family: Four Plex
Built 1900
3,473 sqft • 0.08 acres
Minneapolis schools
MLS# 6634541
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Property Description
This fully occupied and newly updated 4-plex in Uptown generates over $5, 335/month in gross rental income. The property features a new garage roof and paint, updated fencing, split electrical systems, fresh landscaping, centralized owner-controlled heating, eight parking spaces (including a detached garage), and convenient alley trash pickup. A spacious unfinished attic adds potential value, while reliable tenants ensure low maintenance. Located one block from the Greenway and four blocks from Lake of the Isles, this quiet neighborhood is steps from grocery stores, lakes, restaurants, nightlife, and bike trails, embodying the Minneapolis Lakes lifestyle. Recent high-rise developments nearby enhance the areaâ??s appeal.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$699,900
Price per sq ft:
$202
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Four Plex
Zip Code:
55408
Neighborhood/Area:
Lowry Hill East
Green Certified:
Pending
Interior
Finished Area:
3,473 ft2
Living Area:
3,473 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Egress Window(s)
- Finished
- Storage Space
- Storage/Locker
Exterior
Stories:
Three Level Split
Garage Spaces:
2
Garage Size:
720 ft2
Foundation Size:
1,200 ft2
Fencing:
Wood
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Assigned
- Detached
- Garage Door Opener
- Paved
- Storage
Shared Amenities:
- Coin-op Laundry Owned
- Concrete Floors & Walls
Exterior Material:
Stucco
Roof Details:
Asphalt
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.08
Geolocation:
44.952503, -93.296054
Lot Dimensions:
5227
Zoning:
Residential-Multi-Family
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:
Cable TV, Electricity, Other
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$10,105
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$10,105
Income
Annual Gross Income:
None
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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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 DRG.
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.