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Sold:  Minneapolis MLS# 6589397

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Sold
$625,000  (list price)
$575,000
/mo Edit
Multi-family:  Triplex
Built 1903
3,355 sqft • 0.17 acres
Minneapolis schools
MLS# 6589397
763-576-8286
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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, sink hook up, 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

    Listing Status: Sold
    Contingency: None
    List Price: $625,000
    Sold Price: $575,000
    Sold Date: 11/15/2024
    Price per sq ft: $186
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1903
    State: MN
    Property Style: Triplex
    Zip Code: 55412
    Neighborhood/Area: Webber - Camden

    Interior

    Finished Area: 3,355 ft2
    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
    Parking Features:
    • Asphalt
    • Gravel
    • Open
    • Paved
    • Unassigned
    Shared Amenities:
    • Concrete Floors & Walls
    • Patio
    • Porch
    Road Frontage:
    • City Street
    • Curbs
    • Sidewalks
    Exterior Material: Vinyl Siding
    Roof Details:
    • Age 8 Years or Less
    • Architectural 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: 2024
    Annual Taxes: $3,557
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $3,557

    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

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started 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.