Pending: Minneapolis MLS# 6514240
Pending
$625,000
Multi-family: Four Plex
Built 1979
3,264 sqft•0.2 acres
Minneapolis schools
MLS# 6514240
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Property Description
Well maintained, 4-plex located in a very convenient location with two open units for owner occupant opportunity! *Three - 2 bedroom units & One - 1 bedroom unit. *
1 block to light-rail station and bus stop, plus close to Target, Cub Foods, YWCA and many stores and restaurants! Many updates include: New Roof in 2017, All New Windows in 2015, All Units New Kitchen Cabinets were installed between 2017 and 2019. Most units have new appliances replaced since 2016. 3 Newer water heaters. 3 units had flooring replaced: 2024, 2020, 2017. All furnaces replaced in 2010..and much more! Coin laundry. Tenants pay Electric/Gas. (One unit virtually staged.) *Ask about assumable mortgage.
Listing
Listing Status:
Pending
Contingency:
None
List Price:
$625,000
Price per sq ft:
$191
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1979
State:
MN
Property Style:
Four Plex
Zip Code:
55407
Neighborhood/Area:
Corcoran
Subdivision Name:
Griswolds 2nd Add
Green Certified:
Pending
Interior
Finished Area:
3,264 ft2
Living Area:
3,264 ft2
Ranges:
Four
Basement Details:
- Daylight/Lookout Windows
- Finished
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
0
Foundation Size:
1,632 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Paved
Shared Amenities:
- Coin-op Laundry Owned
- Common Laundry
- Security
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.2
Geolocation:
44.946108, -93.239419
Lot Dimensions:
50 x 172
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Medium
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$600
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
$600
Annual Gross Expense:
$43,500
Annual Trash Expense:
$1,500
Annual Water/Sewer Expense:
$2,500
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$8,366
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$8,794
Income
Annual Gross Income:
$54,500
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Engel & Volkers Minneapolis Downtown.
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.