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For Sale:  Minneapolis MLS# 7029492

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Active NEW!
$420,000
/mo Edit
Multi-family:  Triplex
5 br • 3 ba • Built 1922
2,380 sqft • 0.18 acres
MLS# 7029492
763-576-8286
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    Property Description

    Classic Craftsman triplex in a prime Minneapolis location! Ideal for an owner-occupant looking to offset their mortgage while building equity. Situated near Bryn Mawr Park, Utepils Brewing, Animales BBQ and the Minneapolis Farmers Market, this well-maintained property offers easy access to downtown, trails, and neighborhood amenities that support strong rental demand. Unit 2 is currently vacant and features 2BR + den, renovated finishes, original hardwood floors, and a welcoming front porch—perfect for owner occupancy or easily rented at $1, 300/month. Unit 1 offers 2BR + den with vintage hardwood floors, a living room fireplace, and built-in bookshelves, currently leased at $1, 300/month. Unit 3 is a cozy 1BR + den with a private patio, leased at $1, 150/month. Each unit has separated electric and gas service and its own private basement space with washer and dryer. A flexible, turnkey opportunity in a steadily growing neighborhood—ideal for owner-occupants or investors alike!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $420,000
    Price per sq ft: $176
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 3
    County: Hennepin
    Year Built: 1922
    State: MN
    Property Style: Triplex
    Zip Code: 55405
    Neighborhood/Area: 30

    Interior

    Bedrooms: 5
    Bathrooms: 3
    Finished Area: 2,380 ft2
    Living Area: 2,380 ft2
    Refrigerators: Three
    Basement Details:
    • Daylight/Lookout Windows
    • Full
    • Unfinished

    Exterior

    Stories: One and One Half
    Garage Spaces: 3
    Garage Size: 500 ft2
    Foundation Size: 2,179 ft2
    Fencing: Partial, Wood
    Handicap Accessible: None
    Heating System:
    • Boiler
    • Radiator
    Parking Features: Detached Garage
    Shared Amenities:
    • Patio
    • Porch

    Rooms

    Laundry:
    • In Basement
    • Laundry Room

    Lot & Land

    Acres: 0.18
    Geolocation: 44.979273, -93.301231
    Lot Dimensions: 45 x 169
    Lot Description: Public Transit (w/in 6 blks)

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $3,000
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $6,511
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,511

    Income

    Annual Gross Income: $45,600

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    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.