Sold: Minneapolis MLS# 5676945
Sold
$450,000 (list price)
$475,000
Multi-family: Apartments
Built 1929
2,924 sqft • 0.11 acres
Minneapolis schools
MLS# 5676945
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Property Description
Charming 4-unit apartment building with 2 car detached garage. All units are currently rented with long-term tenants. All units are one bedroom units with identical layouts. All units feature hardwood floors throughout, a front and back door, spacious living/ dining room spaces, separate sizable kitchen and a nice sized bedroom. Full basement with utilities, laundry, large utility sink and 8 storage lockers. Lot is fully fenced in with a chain link fence. Backyard has tenant maintained garden beds and a detached 2 car garage. Nearly all windows replaced in the last 3 years. Garage and building roof replaced approximately 8 years ago. All leases are currently month-to-month with a 60 day notice required to vacate. I mile to Lake Nokomis. Brand new grocery store opening nearby. Near many amazing amenities, shops, restaurants and parks!
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$450,000
Sold Price:
$475,000
Sold Date:
01/11/2021
Price per sq ft:
$154
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1929
State:
MN
Property Style:
Apartments
Zip Code:
55407
Neighborhood/Area:
Powderhorn Park
Subdivision Name:
Bidlemans Add
Interior
Finished Area:
2,924 ft2
Living Area:
2,924 ft2
Total Area:
4,392 ft2
Above Ground Area:
2,924 ft2
Below Ground Area:
1,468 ft2
Main Level Area:
1,468 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
27 x 18
Garage Size:
486 ft2
Foundation Size:
1,468 ft2
Fencing:
Chain Link, Full
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Hot Water
Parking Features:
- Detached
- On-Street Parking Only
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
Rubber
| Upper Level | Size | Sq Ft |
|---|---|---|
| Unit 2 Bedroom 1 | 11 x 10 | 110 |
| Unit 2 Dining Room | 11 x 10 | 110 |
| Unit 2 Kitchen | 12 x 7 | 84 |
| Unit 2 Living Room | 14 x 11 | 154 |
| Main Level | Size | Sq Ft |
|---|---|---|
| Unit 1 Bedroom 1 | 11 x 10 | 110 |
| Unit 1 Dining Room | 11 x 10 | 110 |
| Unit 1 Kitchen | 12 x 7 | 84 |
| Unit 1 Living Room | 14 x 11 | 154 |
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.11
Geolocation:
44.935253, -93.247738
Lot Dimensions:
122 x 40
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 Caretaker Expense:
$300
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,696
Annual Maintenance Expense:
$500
Annual Gross Expense:
$15,113
Annual Trash Expense:
$1,800
Annual Water/Sewer Expense:
$1,800
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2020
Annual Taxes:
$6,517
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$6,517
Land Lease Amount:
0
Income
Annual Gross Income:
$38,760
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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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!
Listing provided by RMLS,
courtesy of eXp 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.