For Sale: Minneapolis MLS# 6653761
Active
$550,000
Multi-family: Triplex
Built 1904
2,385 sqft • 0.12 acres
Minneapolis schools
MLS# 6653761
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Property Description
Fantastic opportunity to own a multi-family property in the East Lowry Hill neighborhood! This property features three distinct units; a cozy studio, a one-bedroom, and a three-bedroom unit, offering flexibility for owner-occupants or investors. Recent updates include a new boiler, new water main, and a newer water heater, ensuring efficiancy and peace of mind. The property also boasts a fenced backyard, a two-car garage, and additional alley parking - a rare find in this prime location! With shops, restaurants, and entertainment just steps away, you will love the convenience of city living. Plus, there's exciting potential for a fourth unit in the lower level, making this an excellent value-add opportunity. Don't miss your chance to own this charming and versatile property-schedule your showing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$550,000
Price per sq ft:
$231
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1904
State:
MN
Property Style:
Triplex
Zip Code:
55408
Neighborhood/Area:
Lowry Hill East
Subdivision Name:
Harrisons 2nd Add
Interior
Finished Area:
2,385 ft2
Living Area:
2,385 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
Full
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Foundation Size:
1,105 ft2
Fencing:
Split Rail, Wood
Handicap Accessible:
None
Heating System:
- Boiler
- Hot Water
- Radiator(s)
Parking Features:
- Detached
- Parking Lot
Shared Amenities:
- Common Laundry
- Porch
Road Frontage:
City Street
Exterior Material:
Fiber Board
Lot & Land
Acres:
0.12
Geolocation:
44.953393, -93.295332
Lot Dimensions:
40 x 128
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$4,200
Annual Fuel Expense:
$960
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
$1,104
Annual Water/Sewer Expense:
$357
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,375
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$7,375
Income
Annual Gross Income:
$37,200
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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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 Coldwell Banker Realty.
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.