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Active
$469,000
/mo Edit
Commercial:  2 Stories
Built 1926
0.18 acres
Minneapolis schools
MLS# 6362004
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    Property Description

    You do not want to miss this great investment and cash flowing opportunity! Nicely located in the Longfellow neighborhood of Minneapolis and close to several local amenities, Easy access to major roadways and public transportation.' This beauty consists of four commercial spaces and one 2 bed/1 bath unit, Many of the units have been rented with long term tenants, 11 Parking spots and on-street parking too, ! 1 Loading Docks for each lower space. .....

    Listing

    Contingency: None
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: 2 Stories
    Zip Code: 55406
    Neighborhood/Area: Longfellow
    Subdivision Name: South Minneapolis Add

    Interior

    Ranges: One
    Refrigerators: One
    Appliances Included:
    • Gas Water Heater
    • Range
    • Refrigerator
    Basement Details:
    • Block
    • Concrete

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 0
    Air Conditioning: None
    Foundation Size: 2,320 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features:
    • Asphalt
    • Guest Parking
    • On-Street Parking Only
    • Other
    • Paved
    Shared Amenities: Other
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Exterior Material:
    • Block
    • Stucco
    Roof Details:
    • Age Over 8 Years
    • Rubber

    Lot & Land

    Acres: 0.18
    Geolocation: 44.94862100, -93.22342000
    Inclusions: Building, Fixture/Equipment
    Lot Dimensions: 92.32 x 86
    Zoning: Business/Commercial
    Lot Description: Public Transit (w/in 6 blks)

    Schools

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

    Expenses

    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $12,182
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $12,182

    Income

    Annual Gross Income: $55,140

    Units

    Total Units: 5

    Miscellaneous

    Current Use:
    • Commercial
    • Manufacturing
    • Office
    • Other
    • Professional Service
    • Residential
    • Warehouse
    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

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