For Sale: Minneapolis MLS# 6786904
Active
$599,000
Multi-family: Four Plex
Built 1914
3,680 sqft • 0.14 acres
Minneapolis schools
MLS# 6786904
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Property Description
This well-maintained 4-plex, located on the northeast corner of Bloomington Avenue and 36th Street, is a great opportunity for a light value-add investor or owner-occupant buyer.
These 1 bedroom units are some of the largest around (approximately 800 sq. ft.) and features original wood accents including built-ins, wood beams, cabinets, and floors. Gas and electric are separately metered, keeping owner expenses low and protecting cash flow from utility inflation. The basement is spacious and organized, with plenty of extra storage and shared laundry (one set, machines owned by the seller).
Each unit has a sunroom that could be converted into a small bedroom by adding a closet and obtaining proper approvals to further increase income and rentability.
The backyard offers a private, secluded feel with a tall fence and enough space for a garden or dog area.
A large two-stall garage provides additional income potential (estimated at $200+ per month!) or can be used for storing building and maintenance materials.
Come take a look today!
All information, measurements, and financials should be verified by buyers and their agents as part of due diligence.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$599,000
Price per sq ft:
$163
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1914
State:
MN
Property Style:
Four Plex
Zip Code:
55407
Neighborhood/Area:
Powderhorn Park
Subdivision Name:
Girard Invest Co 02nd Add
Interior
Finished Area:
3,680 ft2
Living Area:
3,680 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
18.5x19.5
Garage Size:
360 ft2
Garage Door Height:
7
Garage Door Width:
7
Foundation Size:
1,840 ft2
Foundation Dimensions:
52x35
Fencing:
Wood
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Detached
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
Brick/Stone
Roof Details:
- Age 8 Years or Less
- Flat
Lot & Land
Acres:
0.14
Geolocation:
44.937881, -93.252033
Lot Dimensions:
55 x 122
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$420
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,362
Annual Maintenance Expense:
None
Annual Gross Expense:
$28,718
Annual Trash Expense:
$500
Annual Water/Sewer Expense:
$4,487
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,126
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,847
Income
Annual Gross Income:
$70,200
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
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 MRG Realty Partners, 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.