For Sale: Minneapolis MLS# 6493089
Active
$1,445,000
Multi-family: Four Plex
Built 2016
7,328 sqft•0.12 acres
Minneapolis schools
MLS# 6493089
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Property Description
Fabulous multi-level 4 units built in 2016 in the heart of Uptown! Each unit boasts high ceilings, open concept main level with large kitchen, SS appliances, granite counters and breakfast bar, in-unit laundry and separate utilities and mechanicals!
*Unit 1 (3BR/2.5 baths) rents at $2220/mo and is now leased 5/1/24-4/29/25.
*Unit 2 (4BR/4.5BA) rents at $3710/mo and is leased through 8/31/24.
*Unit 3 (3BR/2.5BA) rents @ $2470/mo and is leased through 6/29/24.
*Unit 4 (4BR/4.5BA) rents @ $3275/mo and is leased through 7/30/24.
Total yearly gross rents is: $140, 100.
Owner pays and maintains the water/trash bill and charges back the tenants monthly.
Units 1 and 3 enjoy a large porch and Units 2 and 4 enjoy a rooftop deck!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,445,000
Price per sq ft:
$197
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
2016
State:
MN
Property Style:
Four Plex
Zip Code:
55405
Neighborhood/Area:
Lowry Hill East
Subdivision Name:
Lyndale Ave Add
Interior
Finished Area:
7,328 ft2
Living Area:
7,328 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Block
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
1
Garage Size:
240 ft2
Foundation Size:
1,518 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Assigned
- Detached
- Open
Shared Amenities:
- Fire Sprinkler System
- Porch
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Fiber Cement
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.12
Geolocation:
44.958223, -93.288451
Lot Dimensions:
45 x 118
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Insurance Expense:
$7,300
Annual Maintenance Expense:
$1,950
Annual Gross Expense:
$17,750
Annual Water/Sewer Expense:
$3,500
Tenant Expenses:
Cable TV, Electricity, Gas, Trash Collection
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$20,866
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$20,866
Income
Annual Gross Income:
$143,500
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
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Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
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.