Sold: Minneapolis MLS# 7081129
Sold
$720,000 (list price)
$750,000
Multi-family: Fourplex
20 br • 4 ba • Built 2002
6,384 sqft • 0.16 acres
Minneapolis schools
MLS# 7081129
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Property Description
Money maker. 4 apartments with 5 bedrooms EACH -- yes 20 bedrooms in this large 4 plex. rents at $2500/month gives you $10, 000 per month income. built in 2002.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$720,000
Sold Price:
$750,000
Sold Date:
06/24/2026
Price per sq ft:
$113
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
2002
State:
MN
Property Style:
Fourplex
Zip Code:
55407
Neighborhood/Area:
22
Subdivision Name:
Goulds Add
Interior
Bedrooms:
20
Bathrooms:
4
Finished Area:
6,384 ft2
Living Area:
6,384 ft2
Basement Details:
Crawl Space
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
6,384 ft2
Handicap Accessible:
Partially Wheelchair, Wheelchair Ramp(s)
Heating System:
Baseboard
Parking Features:
Parking Lot
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.16
Geolocation:
44.954878, -93.247759
Lot Dimensions:
57.32 x 123.43
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$809
Annual Fuel Expense:
$809
Annual Insurance Expense:
$4,404
Annual Maintenance Expense:
$9,481
Annual Trash Expense:
$1,172
Annual Water/Sewer Expense:
$4,606
Tenant Expenses:
Electricity, Heat, Hot Water
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$11,088
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$11,088
Income
Annual Gross Income:
$120,000
Rent
Annual Net Income:
$81,435
Units
Total Units:
4
Miscellaneous
Fuel System:
Electric
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.
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Listing provided by RMLS,
courtesy of Peritus Real Estate.
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.