For Sale: Minneapolis MLS# 6688244
Active
NEW!
$1,000,000
Multi-family: Triplex
Built 2005
4,900 sqft • 0.13 acres
Minneapolis schools
MLS# 6688244
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Property Description
This triplex, featuring a fourth non-conforming unit, is located in the heart of Uptown where newer construction buildings like this are rare. It boasts a fully sprinklered interior, in-unit laundry for all four units, and a 3-car garage with a new driveway installed in 2023. The property is easy to rent and close to transportation, making these units highly desirable, with no vacancies in the past five years. Additionally, there is potential to reduce expenses by separately metering water and having tenants cover their own water costs. This is an ideal opportunity for an owner or investor looking for their next property!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,000,000
Price per sq ft:
$204
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
2005
State:
MN
Property Style:
Triplex
Zip Code:
55408
Neighborhood/Area:
Lyndale
Subdivision Name:
Bakers Add
Interior
Finished Area:
4,900 ft2
Living Area:
4,900 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Concrete
- Egress Window(s)
- Finished
Exterior
Stories:
Two
Garage Spaces:
3
Garage Dimensions:
20x30
Garage Size:
600 ft2
Foundation Size:
1,800 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached
Shared Amenities:
- Fire Sprinkler System
- Security Lighting
Road Frontage:
- City Street
- Curbs
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
- Brick/Stone
- Vinyl Siding
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.13
Geolocation:
44.93893, -93.284707
Lot Dimensions:
45 x 129
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$440
Annual Fuel Expense:
None
Annual Insurance Expense:
$6,138
Annual Maintenance Expense:
$1,650
Annual Gross Expense:
$16,005
Annual Trash Expense:
$1,386
Annual Water/Sewer Expense:
$4,067
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$14,312
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$14,312
Income
Annual Gross Income:
$89,220
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
3
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 Refuge 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.