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For Sale:  Minneapolis MLS# 6548913

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Active
$940,000
/mo Edit
Multi-family:  Four Plex
Built 1905
4,464 sqft • 0.12 acres
Minneapolis schools
MLS# 6548913
952-200-9239
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    Property Description

    Spacious fourplex in the Seward neighborhood! This massive fourplex has a true 3 bed and 1 bath each unit going from front to back! Both main level units have their own separate front & back entry. Each unit has their own front porch/balcony. Upper units share the back balcony. All units have the same floor plan and mirror each other. Each unit has access to control their own heat! It's how the boiler system was set up. Two new gas meters were recently installed by CenterPoint. Tons of parking in the back that can fit at least 8 cars. Coin-op shared laundry in basement to generate extra income. Tenants are on year long leases and have renewed. All 4 units have 3 bedrooms and 1 full bathroom each! 3 storage units in the basement along with a huge owners storage unit. One main level unit available for owner-occupant, 3 other units fully leased! Connect for showings!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $940,000
    Price per sq ft: $211
    Property Type: Multi-family
    City: Minneapolis
    County: Hennepin
    Year Built: 1905
    State: MN
    Property Style: Four Plex
    Zip Code: 55406
    Neighborhood/Area: Seward
    Subdivision Name: Rgt Falls City Addn-Blks E-F-G-H-T &U

    Interior

    Finished Area: 4,464 ft2
    Living Area: 4,464 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: Two
    Foundation Size: 2,232 ft2
    Fencing: None
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • Assigned
    • Gravel
    • Parking Lot
    Shared Amenities:
    • Coin-op Laundry Owned
    • Deck
    Road Frontage: City Street
    Exterior Material: Stucco
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.12
    Geolocation: 44.958889, -93.226713
    Lot Dimensions: 40 x 134
    Zoning: Residential-Multi-Family
    Lot Description: Corner Lot

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Electric Expense: $5,005
    Annual Insurance Expense: $5,461
    Annual Gross Expense: $10,043
    Annual Water/Sewer Expense: $5,038
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $10,414
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $10,414

    Income

    Annual Gross Income: $86,460

    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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    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!

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    Listing provided by RMLS, courtesy of Engel & Volkers Minneapolis Downtown.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.