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Active Contingent
$650,000
/mo Edit
Multi-family:  Triplex
Built 1903
3,355 sqft0.17 acres
Minneapolis schools
MLS# 6509546
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    Property Description

    This completely renovated triplex truly has it all. With modern updates, original hardwoods, and 10’ ceilings, this does not feel like your average Multifamily. Situated just off of Victory Memorial Drive & walking distance to the local market, library, coffee shops, restaurants, walking/biking paths, public pool, a quick drive to downtown, & so much more. A perfect opportunity for an owner occupant OR to maximize your rental amounts which are far above average for this area. Note the low property taxes! Equity building opportunity in the spacious Basement that has a dedicated separate entrance, washer/dryer hook ups and a ductless mini split unit to provide heating/cooling. There is also a walk-up attic space that could also be utilized via the second unit. Do not miss out on this amazing property!

    Listing

    Contingency: Inspection
    Price per sq ft: $194
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Triplex
    Zip Code: 55412
    Neighborhood/Area: Webber - Camden

    Interior

    Living Area: 3,355 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details: Full

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 1,596 ft2
    Fencing: None
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Ductless Mini-Split
    • Forced Air
    • Humidifier
    Parking Features:
    • Asphalt
    • Gravel
    • Open
    • Paved
    • Unassigned
    Shared Amenities:
    • Common Laundry
    • Concrete Floors & Walls
    • Patio
    • Porch
    Road Frontage:
    • City Street
    • Curbs
    • Sidewalks
    Exterior Material: Vinyl Siding
    Roof Details:
    • Age 8 Years or Less
    • Architecural Shingle

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.17
    Geolocation: 45.035789, -93.305633
    Lot Dimensions: 80 x 92.91
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $4,284
    Annual Fuel Expense: $2,293
    Annual Insurance Expense: $2,800
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: $1,000
    Annual Water/Sewer Expense: $1,500
    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $3,529
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $3,529

    Income

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

    Units

    Total Units: 3

    Miscellaneous

    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: Yes
    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 Fox Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.