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Sold:  Minneapolis MLS# 6479697

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Sold
$449,900  (list price)
$450,000
/mo Edit
Multi-family:  Four Plex
Built 1912
3,710 sqft • 0.12 acres
Minneapolis schools
MLS# 6479697
763-576-8286
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    Property Description

    After 40 years of ownership, this classic up/down fourplex is on the market. Amazing original woodwork on the main level! This property is set up so each floor is a unit. However, the owner was renting it out by the room. Extra large 4 car detached four car garage for additional rental income or storage. See supplements for rent roll. Tax records show a triplex but owner added a legal fourth unit in the basement many years ago. Showings to occur Sat, Jan 27th 10-12. Any offer will be reviewed on Sunday, Jan 28th

    Listing

    Listing Status: Sold
    Contingency: None
    List Price: $449,900
    Sold Price: $450,000
    Sold Date: 02/08/2024
    Price per sq ft: $121
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 4
    County: Hennepin
    Year Built: 1912
    State: MN
    Property Style: Four Plex
    Zip Code: 55407
    Neighborhood/Area: Powderhorn Park
    Subdivision Name: The Erastus Byers Add

    Interior

    Finished Area: 3,710 ft2
    Living Area: 3,710 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Egress Window(s)
    • Full

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 4
    Garage Size: 960 ft2
    Foundation Size: 1,241 ft2
    Fencing: Partial, Privacy
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features: Detached
    Shared Amenities:
    • Coin-op Laundry Owned
    • Common Laundry
    • Patio
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Street Lights
    Exterior Material: Stucco
    Roof Details:
    • Age Over 8 Years
    • Asphalt
    • Pitched

    Lot & Land

    Acres: 0.12
    Geolocation: 44.947495, -93.26049
    Lot Dimensions: 42 x 126 x 42 x 126
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Public Transit (w/in 6 blks)

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $5,796
    Annual Fuel Expense: $3,600
    Annual Insurance Expense: $6,000
    Annual Maintenance Expense: None
    Annual Gross Expense: $20,796
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $5,400

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $5,506
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $5,764

    Income

    Annual Gross Income: $71,892

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System:
    • City Sewer - In Street
    • City Sewer/Connected
    Water System:
    • City Water - In Street
    • 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 Lakes Area Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.