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Active
$1,645,000
/mo Edit
Multi-family:  Four Plex
Built 2014
6,600 sqft0.18 acres
Minneapolis schools
MLS# 6499277
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    Property Description

    Terrific multi-level townhouse-style 4 plex in the heart of Uptown! Built in 2014 each unit boasts 4 bedrooms, 3.5 baths, open concept main level, hardwood floors and a half bath. The upper levels feature the spacious bedrooms and additional baths. Units 1, 2, and 4 have a tuck-under 2-car garage and Unit 3 has a large heated storage room + 2 off-street parking spots. Unit 1 is leased through 8/30/24 and rents @ $3020/month. Unit 2 is leased through 5/30/24 and rents @ $3045/month. Unit 3 is leased through 5/30/25 and rents @ $2920/month. Unit 4 is leased through 7/30/24 and rents @ $3095/month. Fantastic location near the city lakes, local shopping and dining and area parks and trails!

    Listing

    Contingency: None
    Price per sq ft: $249
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Four Plex
    Zip Code: 55408
    Neighborhood/Area: Lyndale
    Subdivision Name: Motor Line Add

    Interior

    Living Area: 6,600 ft2
    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Basement Details:
    • Partial
    • Storage Space
    • Sump Pump
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 6
    Garage Dimensions: 17x22
    Garage Size: 374 ft2
    Garage Door Height: 6
    Garage Door Width: 16
    Foundation Size: 2,208 ft2
    Fencing: Other, Partial
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Assigned
    • Multiple Garages
    • Open
    • Tuckunder Garage
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    Exterior Material: Vinyl Siding
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lot & Land

    Acres: 0.18
    Geolocation: 44.94496300, -93.28713500
    Lot Dimensions: 90 x 85
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • 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: $3,700
    Annual Maintenance Expense: $2,300
    Annual Gross Expense: $14,600
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $5,100
    Tenant Expenses: Cable TV, Electricity, Gas, Trash Collection

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $20,450
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $20,450

    Income

    Annual Gross Income: $144,960
    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 Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.