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For Sale:  Minneapolis MLS# 6817411

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Active NEW!
$715,000
/mo Edit
Multi-family:  Fourplex
7 br • 4 ba • Built 1912
4,630 sqft • 0.11 acres
MLS# 6817411
763-576-8286
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    Property Description

    Beautifully maintained corner-lot fourplex offering strong income potential and modern finishes throughout. Each unit features its own in-unit laundry, high-end updates, and bathrooms with tile floors and full tile tub/showers. The upper-level penthouse showcases stunning skyline views, while the first and second floors offer spacious 3BR/1BA layouts. The garden unit includes 2BR/1BA, providing a versatile unit mix for tenants or owner-occupants. Perfect for investors or owner-occupants, this property delivers solid cash flow in a prime location—just steps from popular shops, restaurants, parks, and convenient transit. A rare opportunity combining lifestyle, location, and long-term value.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $715,000
    Price per sq ft: $154
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1912
    State: MN
    Property Style: Fourplex
    Zip Code: 55408
    Neighborhood/Area: 48
    Subdivision Name: Broom & Suffels Add

    Interior

    Bedrooms: 7
    Bathrooms: 4
    Finished Area: 4,630 ft2
    Living Area: 4,630 ft2
    Refrigerators: Four
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Egress Window(s)
    • Finished
    • Full

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 1,519 ft2
    Foundation Dimensions: 45x34
    Fencing: Full, Wood
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Forced Air
    Parking Features:
    • Gravel
    • Open
    Shared Amenities:
    • Common Garden
    • Deck
    Road Frontage: City Street
    Exterior Material: Block
    Pool: None
    Roof Details: Asphalt

    Rooms

    Laundry: In Unit

    Lot & Land

    Acres: 0.11
    Geolocation: 44.943199, -93.27886
    Lot Dimensions: 50 x 110
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $3,000
    Annual Fuel Expense: $200
    Annual Insurance Expense: $7,716
    Annual Maintenance Expense: $10,800
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $4,800
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $9,406
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,406

    Income

    Annual Gross Income: $73,800

    Rent

    Annual Net Income: $53,800

    Units

    Total Units: 4

    Miscellaneous

    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: Yes
    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 Pemberton RE.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.