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For Sale:  Minneapolis MLS# 7025444

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Active NEW!
$1,600,000
/mo Edit
Multi-family:  Triplex
8 br • 3 ba • Built 1910
4,224 sqft • 0.21 acres
MLS# 7025444
763-576-8286
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    Property Description

    Triplex: 12 unit house - located in the heart of Dinkytown. Rented as room for rent property. (Range $640-750). Property has lodging license. Offers a great option for student housing. 4 bedrooms on floor 1. 5 bedrooms on floor 2. 3 bedrooms on floor 3. Renovated 2022 (new roof, windows, siding & interior updating). Residents pay flat fee for utilities $100 monthly, $100 per month for parking on site, shared laundry in basement - 2 kitchens, 1st & 2nd floor. Opportunity for investors! Additional information in supplements.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,600,000
    Price per sq ft: $379
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1910
    State: MN
    Property Style: Triplex
    Zip Code: 55414
    Neighborhood/Area: 50

    Interior

    Bedrooms: 8
    Bathrooms: 3
    Finished Area: 4,224 ft2
    Living Area: 4,224 ft2
    Refrigerators: Two
    Basement Details:
    • Block
    • Concrete
    • Full
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 1,408 ft2
    Foundation Dimensions: 22x64
    Handicap Accessible: None
    Heating System: Hot Water
    Parking Features:
    • Asphalt
    • More Parking Onsite for Fee
    • Parking Lot
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Roof Details:
    • Age 8 Years or Less
    • Asphalt
    • Pitched

    Rooms

    Laundry: In Basement

    Lot & Land

    Acres: 0.21
    Geolocation: 44.983419, -93.234247
    Lot Dimensions: 55 x 165
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Medium

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $3,600
    Annual Fuel Expense: $3,180
    Annual Insurance Expense: None
    Annual Maintenance Expense: $2,000
    Annual Trash Expense: $3,000
    Annual Water/Sewer Expense: $3,000
    Tenant Expenses: Other, Parking Fee

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $13,210
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $13,210

    Income

    Annual Gross Income: $128,544
    Misc. Annual Income: $24,102
    Misc. Monthly Income: $1,200

    Units

    Total Units: 3

    Miscellaneous

    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: Yes
    Sewer System:
    • City Sewer - In Street
    • City Sewer/Connected
    Water System:
    • City Water - In Street
    • City Water/Connected
    Power Company Name: Xcel Energy

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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 Edina Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.