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MLS# 5266947
2449 Pillsbury Avenue S
Minneapolis, MN 55404
Multi-family    Four Plex
Built 1904
5,350 fin sqft    0.26 acres
Minneapolis schools
Info: 763-576-8286
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    Description:   Great cash flowing investment opportunity in Minneapolis. This property is conveniently located blocks from the Minneapolis Institute of Arts, near Uptown, and Downtown Minneapolis. The home features four large units with two bedrooms and one bathroom in each unit, unit 2 has potential for a third bedroom, with minimal costs. This is a great opportunity for an investor or owner/occupant! Conveniently, located close to restaurants, highways, public transportation, shopping, parks and so much more. Please allow 24 hour notice for showings.
    List Price: $975,000
    Price/sq ft: $182
    Property Type: Multi-family
    Listing Status: Active
    Contingency: None
    Property Style: Four Plex
    Year Built: 1904
    Neighborhood/Area: Whittier
    City: Minneapolis
    Zip Code: 55404


    Fin Sq Ft / Living Area: 5,350 ft²
    Above Ground Living: 4,500 ft²
    Below Ground Living: 850 ft²
    Total Ranges: Four
    Total Refrigerators: Four
    Basement Details: Full, Finished (Livable)


    Heating System: Hot Water
    Foundation Size: 1,565 ft²
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Brick/Stone
    Garage Spaces: 2


    Acres: 0.26
    Construction Status: Previously Owned
    Lot Description: Corner Lot
    Latitude: 44.95751300
    Longitude: -93.28082300
    Lot Size Dim.: 164X68
    Dev/Complex Name: J T Blaisdells Rev Add
    Zoning: Residential-Multi-Family


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


    Annual Caretaker Expense: $1,800
    Annual Electric Expense: $780
    Annual Fuel Expense: $3,600
    Annual Insurance Expense: $3,600
    Annual Maintenance Expense: $1,000
    Annual Repair Expense: $1,000
    Annual Gross Expense: $12,800
    Total Annual Expenses: $12,800
    Annual Trash Expense: $1,900
    Annual Water/Sewer Expense: $1,900
    Owner Expenses: Taxes, Insurance
    Tenant Expenses: Insurance, Water/Sewer, Electric, Trash

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $11,872
    Assessment Pending: No
    Taxes w/ Assessments: $11,872


    Annual Gross Income: 76140.00


    Unit 1 Monthly Rent: $1,810
    Unit 2 Monthly Rent: $1,405
    Unit 3 Monthly Rent: $1,405


    Total Units: 4


    Fuel System: Natural Gas
    Homestead: Yes
    Owner Occupied: N
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Von Itter
    Richard Smyth
    Area Sales Manager
    TruStone Home Mortgage NMLS#422593
    Richard Smyth joined TruStone Home Mortgage as a Mortgage Consultant in 2015. With nearly 10 years of experience in the mortgage industry, he has the skills to guide borrowers through the home buying process with ease. With a bachelor's degree in finance from the National University of Ireland Maynooth and a background as a financial advisor, Richard knows the ins-and-outs of financing and will help you get from contract to close. Away from work, Richard spends his time playing music, enjoying the outdoors and spending time with his family.

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