For Sale: Minneapolis MLS# 6521551
Active
$1,200,000
Multi-family: Triplex
Built 1900
4,803 sqft•0.15 acres
Minneapolis schools
MLS# 6521551
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Property Description
Exceptional triplex(plus) in prospect park. Fully leased property generates $115, 000 in gross annual rents. Enjoy prime riverfront living and views. located steps from the Mississippi River and conveniently located near U of M campus and Prospect Park neighborhood. Discover the nearby trails, restaurants, and easy highway access, providing seamless connectivity to both St. Paul and Minneapolis. All 4 units have been Remodeled in 2023-2024. 10 bedrooms and 4 bathrooms across four distinct units, this property offers the perfect blend of spaciousness and functionality. With its coveted location and abundant transportation options, this property stands out as a prime investment opportunity. Don't miss your chance to own a piece of history in one of Minneapolis' most sought-after neighborhoods.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,200,000
Price per sq ft:
$250
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Triplex
Zip Code:
55414
Neighborhood/Area:
Prospect Park - East River Road
Subdivision Name:
Manuels Sub
Interior
Finished Area:
4,803 ft2
Living Area:
4,803 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
- Storage Space
- Sump Pump
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
21x19
Garage Size:
400 ft2
Foundation Size:
1,571 ft2
Fencing:
Chain Link, Partial
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Concrete
- Detached
- Garage Door Opener
Shared Amenities:
- Common Laundry
- Patio
- Porch
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
- Metal Siding
- Stucco
Roof Details:
- Age 8 Years or Less
- Architecural Shingle
- Asphalt
Rooms
Shared Rooms:
Other
Lake & Waterfront
Waterfront Present:
N
Waterfront Name:
Mississippi River
Waterfront View:
River
DNR Lake ID#:
S9990326
Lake Chain Name:
N
Lake Acres:
0
Lake Depth:
0
Waterfront:
River View
Lot & Land
Acres:
0.15
Geolocation:
44.966043, -93.222569
Lot Dimensions:
59 x 116 x 68 x 91
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Irregular Lot
- Public Transit (w/in 6 blks)
- Tree Coverage - Medium
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Electric Expense:
$1,000
Annual Fuel Expense:
$350
Annual Insurance Expense:
$3,000
Annual Gross Expense:
$16,750
Annual Trash Expense:
$1,200
Annual Water/Sewer Expense:
$1,200
Tenant Expenses:
Cable TV, Electricity, Fuel
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$10,797
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$10,797
Income
Annual Gross Income:
$110,962
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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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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.