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Active
$620,000
/mo Edit
Multi-family:  Four Plex
Built 1927
3,200 sqft0.14 acres
Minneapolis schools
MLS# 6479795
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    Property Description

    Welcome to your next investment! Just steps away from the iconic Matt's Bar! Available for the first time in almost 30 years. This property is ready for a new owner! There are so many unique and desirable features to this property! Original hardwood floors, beautiful trim and doors, 4 individual garage stalls. So many updates including: Fresh paint in lower units, roof replaced in 2017 $18, 000, Brick work in 2022 $35, 000, Tar parking in 2019 $5, 500, Garage service doors in 2023 $3, 000. Schedule your showing today!

    Listing

    Contingency: None
    Price per sq ft: $194
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Four Plex
    Zip Code: 55407
    Neighborhood/Area: Corcoran
    Subdivision Name: Wilbers 2nd Add

    Interior

    Living Area: 3,200 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • 8 ft+ Pour
    • Concrete
    • Storage/Locker
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 4
    Garage Dimensions: 9x18
    Garage Size: 162 ft2
    Foundation Size: 1,815 ft2
    Foundation Dimensions: 33x55
    Fencing: Chain Link
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features:
    • Detached
    • Multiple Garages
    Shared Amenities:
    • Coin-op Laundry Owned
    • Common Laundry
    Road Frontage: City Street
    Exterior Material: Brick/Stone
    Roof Details:
    • Age 8 Years or Less
    • Rubber

    Lot & Land

    Acres: 0.14
    Geolocation: 44.938434, -93.246971
    Lot Dimensions: 49.5 x 125
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Medium

    Farm

    Topography: Level

    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: $2,500
    Annual Maintenance Expense: $1,000
    Annual Gross Expense: $17,790
    Annual Trash Expense: $2,400
    Annual Water/Sewer Expense: None
    Tenant Expenses: Electricity, Fuel

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $8,554
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,554

    Income

    Annual Gross Income: None
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    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 Keller Williams Integrity Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.