For Sale: Minneapolis MLS# 6610973
Active
$649,900
Multi-family: Four Plex
Built 1913
2,818 sqft • 0.15 acres
Minneapolis schools
MLS# 6610973
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Property Description
Recently updated, solid, income producing 4-plex in S Mpls. Big ticket items done - Lp Smart siding, 4 new high efficiency furnaces, central A/C for each unit, 100 amp electrical for each unit, new windows, sky light, roof, cement front porch, added heat in the basement & shared coin laundry. Unit updates include new light fixtures, appliances, new pantries & updated bathrooms. Preserved old world charm remains with HW floors & built-in buffets. Great location with easy access to the Midtown Greenway via the Bryant Ave Ramp and, highways I-35W and I-94. Building has a Front and back Porches with shared fenced-in Backyard. Off-street Parking. Unit can be made available for owner-occ. Current rents - Unit 1: $1, 080 expires 5/31/25 Unit 2: $1, 150 expires 9/30/24 Unit 3: $1, 000 M2M Unit 4: $1, 050 M2M
Listing
Listing Status:
Active
Contingency:
None
List Price:
$649,900
Price per sq ft:
$231
Property Type:
Multi-family
City:
Minneapolis
County:
Hennepin
Year Built:
1913
State:
MN
Property Style:
Four Plex
Zip Code:
55408
Neighborhood/Area:
Whittier
Subdivision Name:
Grovers Add
Interior
Finished Area:
2,818 ft2
Living Area:
2,818 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Block
- Storage Space
- Storage/Locker
- Unfinished
Exterior
Stories:
Two
Foundation Size:
1,721 ft2
Foundation Dimensions:
35x50
Fencing:
Chain Link, Partial
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Asphalt
Shared Amenities:
- Coin-op Laundry Owned
- Common Laundry
- Porch
- Security
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
Exterior Material:
- Brick/Stone
- Fiber Cement
- Wood Siding
Roof Details:
Flat
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.15
Geolocation:
44.952577, -93.286432
Lot Dimensions:
50 x 129
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Insurance Expense:
$3,500
Annual Gross Expense:
$8,000
Tenant Expenses:
Electricity, Fuel, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$9,684
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,684
Income
Annual Gross Income:
$51,000
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
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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 Verde Real Estate Group.
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.