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For Sale:  Minneapolis MLS# 6639126

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Active
$470,000
/mo Edit
Multi-family:  Four Plex
Built 1911
864 sqft • 0.14 acres
Minneapolis schools
MLS# 6639126
763-576-8286
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    Property Description

    Prime Investment Opportunity to Flip or Hold. Some Finishing Needed. This Unique Quadplex Offers a Fantastic Opportunity for Both Investors and Owner-Occupants Alike with One Unit Move-In Ready & A Second Unit at 90% Completion. The Additional Two Units Are a Blank Slate Waiting for Your Finishing Touches. It is Situated on a Double Lot for Ample Off Street Parking or The Space to Build Garages, Boasts New Plumbing, 4 New 75, 000 BTU Boilers, 4 New High Capacity Water Heaters, 4 New Pressure Tanks, Updated Water Main Per City Requirement, Updated Electric, 4 Updated Split Meters, New Chimney Liner, Vinyl Windows Throughout (Basement Windows are New) , As An Equity Builder, A Full Un-Finished Basement With 4 Individual Storage Units & Laundry Hook-Ups Available. All Conveniently Located On a Bus Line, Near Parks & The Lakes, Restaurants, Shopping and Easy Access to the Freeway System, This Property is a Must-See!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $470,000
    Price per sq ft: $544
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1911
    State: MN
    Property Style: Four Plex
    Zip Code: 55407
    Neighborhood/Area: Bancroft
    Subdivision Name: Monroe Bros Sub Of Lts Herrick Haml

    Interior

    Finished Area: 864 ft2
    Living Area: 864 ft2
    Ranges: One
    Refrigerators: One
    Basement Details:
    • Full
    • Storage/Locker
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,728 ft2
    Foundation Dimensions: 36x45x12x9x12x9x12x45
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • Open
    • Parking Lot
    Road Frontage: City Street
    Exterior Material: Stucco
    Roof Details:
    • Flat
    • Rolled/Hot Mop

    Lot & Land

    Acres: 0.14
    Geolocation: 44.933846, -93.251635
    Lot Dimensions: 0 x 0 x 0 x 0
    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: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $6,306
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,306

    Income

    Annual Gross Income: None
    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

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