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Sold
$709,000  (list price)
$675,000
/mo Edit
Multi-family:  Triplex
Built 1923
3,647 sqft0.09 acres
Minneapolis schools
MLS# 5658329
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    Property Description

    Well kept triplex in great south Minneapolis neighborhood. Great investment or owner occupy one of these large units. 2 - 3 bed, 1 bathroom units and 1 - 2 bed, 1 bath unit. All showings scheduled through listing agent. 1st showings will be 1 unit and common areas. Masks must be worn to respect COVID requirements and tenants.

    Listing

    Contingency: None
    Price per sq ft: $194
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Triplex
    Zip Code: 55408
    Neighborhood/Area: Lyndale

    Interior

    Living Area: 3,647 ft2
    Above Ground Living: 2,812 ft2
    Below Ground Living: 835 ft2
    Basement Details: Finished

    Exterior

    Garage Spaces: 2
    Heating System:
    • Boiler
    • Hot Water
    Foundation Size: 1,406 ft2
    Handicap Accessible: None
    Shared Amenities: Patio
    Exterior Material:
    • Brick/Stone
    • Stucco
    Roof Details: Asphalt

    Lot

    Acres: 0.09
    Geolocation: 44.93786300, -93.28598400
    Lot Dimensions: 32 x 130
    Dev/Complex Name: Bakers Add

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,884
    Annual Fuel Expense: $2,266
    Annual Insurance Expense: $3,300
    Annual Maintenance Expense: $2,160
    Annual Gross Expense: $11,920
    Annual Trash Expense: $2,310
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $9,996
    Assessment Pending: No
    Taxes w/ Assessments: $9,996

    Income

    Annual Gross Income: $61,200

    Rent

    Unit 1 Monthly Rent: $1,900
    Unit 2 Monthly Rent: $1,850

    Unit

    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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    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 MRG Realty Partners, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.