For Sale: Minneapolis MLS# 7028329
Active
$675,000
Multi-family: Triplex
7 br • 3 ba • Built 1900
2,980 sqft • 0.26 acres
Minneapolis schools
MLS# 7028329
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Property Description
Listed $25K below its recent appraisal, this NE Minneapolis triplex gives a house hacker or investors exactly what they’re looking for, instant equity, multiple income streams, and a move in ready unit to call home. Live in one unit and let the other two offset your mortgage, this is the kind of setup that makes the numbers work from day one. Each unit has its own personality, with custom cabinetry, striking countertops, warm wood floors, rainfall showers, and creative design touches, yes even a bike turned vanity. These details help attract great tenants and keep vacancy low. The big ticket items are already handled, newer windows, low maintenance siding, updated water heaters, and well maintained systems. That means fewer surprises and more room in your budget for building long term wealth. Located steps from the NE Arts District and minutes from downtown, this property sits in one of the most desirable, high demand rental pockets in the city. It’s turnkey, it’s versatile, and it’s the perfect launchpad for anyone ready to start—or level up—their house hacking journey.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$675,000
Price per sq ft:
$227
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Triplex
Zip Code:
55418
Neighborhood/Area:
33
Subdivision Name:
East Side Add
Interior
Bedrooms:
7
Bathrooms:
3
Finished Area:
2,980 ft2
Living Area:
2,980 ft2
Basement Details:
Full
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Size:
400 ft2
Foundation Size:
1,140 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Gravel
Shared Amenities:
- Coin-op Laundry Owned
- Other
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.26
Geolocation:
45.012395, -93.249943
Lot Dimensions:
39 x 129
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$5,112
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,800
Annual Water/Sewer Expense:
$1,800
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$13,126
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$13,605
Income
Annual Gross Income:
$69,300
Misc. Monthly Income:
$5,775
Units
Total Units:
3
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
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!
Listing provided by RMLS,
courtesy of Bridge Realty, LLC.
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.