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For Sale:  Minneapolis MLS# 6787348

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Active
$629,900
/mo Edit
Multi-family:  Four Plex
Built 1923
4,096 sqft • 0.12 acres
Minneapolis schools
MLS# 6787348
763-576-8286
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    Property Description

    Fantastic opportunity to own a solid 4-unit property in a prime South Minneapolis location. Each unit offers 2 bedrooms and 1 bathroom with functional layouts that attract long-term tenants. The building is fully occupied and currently generates $5, 601 per month in rents, with clear potential for increases over time. Two units are occupied by long-term residents, providing stability and reliable cash flow. This property is an excellent fit for both investors and owner-occupants. Live in one unit while the other three help cover your mortgage, or continue operating as a fully rented income property. Conveniently located near parks, restaurants, and major commuting routes, this building combines strong rental performance with everyday livability. Don’t miss your chance to secure a well-maintained multifamily property with both income and equity growth potential.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $629,900
    Price per sq ft: $154
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1923
    State: MN
    Property Style: Four Plex
    Zip Code: 55407
    Neighborhood/Area: Central
    Subdivision Name: Clinton Ave Add

    Interior

    Finished Area: 4,096 ft2
    Living Area: 4,096 ft2
    Basement Details:
    • Concrete
    • Daylight/Lookout Windows
    • Full

    Exterior

    Stories: Two
    Garage Spaces: 0
    Garage Dimensions: 0
    Garage Door Height: 0
    Garage Door Width: 0
    Foundation Size: 2,048 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features: Concrete
    Exterior Material: Brick/Stone

    Lot & Land

    Acres: 0.12
    Geolocation: 44.938054, -93.268027
    Lot Dimensions: 42.00 X 120.00
    Zoning: Residential-Multi-Family

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: $6,000
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $9,502
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $9,502

    Income

    Annual Gross Income: $67,212

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    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 Algo Realty Inc.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.