For Sale: Minneapolis MLS# 6493089
Active
$1,495,000
Multi-family: Four Plex
Built 2016
7,328 sqft•0.12 acres
Minneapolis schools
MLS# 6493089
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Property Description
Fabulous multi-level 4 units built in 2016 in the heart of Uptown! Each unit boasts high ceilings, open concept main level with large kitchen, SS appliances, granite counters and breakfast bar, in-unit laundry and separate utilities and mechanicals!
*Unit 1 (3BR/2.5 baths) rents at $2220/mo and is now leased 5/1/24-4/29/25.
*Unit 2 (4BR/4.5BA) rents at $3710/mo and is leased through 8/31/24.
*Unit 3 (3BR/2.5BA) rents @ $2470/mo and is leased through 6/29/24.
*Unit 4 (4BR/4.5BA) rents @ $3275/mo and is leased through 7/30/24.
Total yearly gross rents is: $140, 100.
Owner pays and maintains the water/trash bill and charges back the tenants monthly.
Units 1 and 3 enjoy a large porch and Units 2 and 4 enjoy a rooftop deck!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,495,000
Price per sq ft:
$204
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
2016
State:
MN
Property Style:
Four Plex
Zip Code:
55405
Neighborhood/Area:
Lowry Hill East
Subdivision Name:
Lyndale Ave Add
Interior
Finished Area:
7,328 ft2
Living Area:
7,328 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Block
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
1
Garage Size:
240 ft2
Foundation Size:
1,518 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Assigned
- Detached
- Open
Shared Amenities:
- Fire Sprinkler System
- Porch
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Fiber Cement
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.12
Geolocation:
44.95822300, -93.28845100
Lot Dimensions:
45 x 118
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:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$7,300
Annual Maintenance Expense:
$1,950
Annual Gross Expense:
$17,750
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,500
Tenant Expenses:
Cable TV, Electricity, Gas, Trash Collection
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$20,866
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$20,866
Income
Annual Gross Income:
$143,500
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
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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.
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!
Listing provided by RMLS,
courtesy of Coldwell Banker 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.