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For Sale:  Minneapolis MLS# 7022775

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Active
$1,295,000
/mo Edit
Multi-family:  Four Plex
8 br • 4 ba • Built 1915
5,320 sqft • 0.15 acres
MLS# 7022775
763-576-8286
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    Property Description

    Beautiful all-brick 4-plex just a half block from Lake of the Isles in the coveted Kenwood neighborhood. This classic building showcases timeless craftsmanship, with interior units featuring natural oak woodwork and hardwood floors. Three units include original built-in buffets and elegant room dividers with bookcases separating the living and dining rooms. A previous owner thoughtfully opened the sunroom and living room in Unit 1, creating an expansive, inviting space rarely found in buildings of this era. Over the years, all kitchens have been updated with a clean, modern style that complements the building’s historic character. Major mechanical updates provide peace of mind and strong rental appeal: tenants pay their own heat and electricity, supported by four newer boilers (2017), four individual hot water heaters, and separate updated electrical panels. The roof was replaced in 2020 with a durable Duro-Last system, and the sewer line was fully lined in 2025. Opportunities like this are rare—don’t miss one of the finest 4-plexes in the city, steps from the lake, parks, trails, and everything that makes Kenwood one of Minneapolis’ most desirable neighborhoods.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,295,000
    Price per sq ft: $243
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1915
    State: MN
    Property Style: Four Plex
    Zip Code: 55405
    Neighborhood/Area: 39
    Subdivision Name: Island Park Add

    Interior

    Bedrooms: 8
    Bathrooms: 4
    Finished Area: 5,320 ft2
    Living Area: 5,320 ft2
    Refrigerators: Four
    Basement Details:
    • Daylight/Lookout Windows
    • Full
    • Partially Finished
    • Shared Access
    • Storage Space
    • Storage/Locker
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 2,523 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Hot Water
    Parking Features: On-Street Parking Only
    Shared Amenities:
    • Coin-op Laundry Owned
    • Laundry
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Street Lights
    Exterior Material: Frame
    Pool: None
    Roof Details:
    • Age 8 Years or Less
    • Flat

    Rooms

    Laundry:
    • Common Area
    • In Basement

    Lot & Land

    Acres: 0.15
    Geolocation: 44.960926, -93.30803
    Lot Dimensions: 130 x 50
    Zoning: Residential-Single Family

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $713
    Annual Fuel Expense: None
    Annual Insurance Expense: $5,152
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $4,508
    Tenant Expenses: Electricity, Fuel, Gas, Heat

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $14,160
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $14,160

    Income

    Annual Gross Income: $75,900
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: None

    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 Coldwell Banker Realty - Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.