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$769,900  (list price)
$750,000
/mo   Edit
Multi-family:  Four Plex
Built 1908
4,728 sqft
Minneapolis schools
MLS# 6007429
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    Property Description

    Unique opportunity 4-Plex and single family home on one corner lot. Original hardwood floors and trim. Four-Plex has 3 large 1 bedroom units with dining space, and one large two bedroom unit. Basement can be segmented for tenants and/or owners. Single family home has two large bedrooms, kitchen, dining, and living space plus basement laundry and storage. Tremendous opportunity for investors or live in owner.

    Listing

    Contingency: None
    Price per sq ft: $163
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Four Plex
    Zip Code: 55407
    Neighborhood/Area: Powderhorn Park

    Interior

    Living Area: 4,728 sq ft
    Above Ground Living: 4,728 sq ft
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details:
    • Owner Access
    • Shared Access
    • Storage Space
    • Unfinished

    Exterior

    Garage Spaces: 0
    Heating System:
    • Boiler
    • Hot Water
    Foundation Size: 2,152 sq ft
    Handicap Accessible: None
    Shared Amenities: Coin-op Laundry Owned
    Road Frontage:
    • City Street
    • Paved Streets
    Exterior Material: Stucco
    Roof Details: Asphalt

    Lot

    Acres: 0.13
    Geolocation: 44.93610000, -93.25962100
    Lot Dimensions: 46 x 126
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Tree Coverage - Light

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $1,200
    Annual Maintenance Expense: $2,000
    Annual Gross Expense: $20,064
    Annual Trash Expense: $1,200
    Annual Water/Sewer Expense: $3,600
    Tenant Expenses: Cable TV, Electricity, Fuel

    Financial & Taxes

    Tax Year: 2021
    Annual Taxes: $10,564
    Assessment Pending: No
    Taxes w/ Assessments: $10,564

    Income

    Annual Gross Income: $65,448
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Unit

    Total Units: 4

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