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For Sale:  Minneapolis MLS# 6725446

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Active
$679,000
/mo Edit
Multi-family:  Triplex
Built 1931
4,360 sqft • 0.13 acres
Minneapolis schools
MLS# 6725446
763-576-8286
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    Property Description

    Prime Investment Opportunity in South Minneapolis! This fully occupied triplex is ideally located just steps from Minnehaha Trail, local coffee shops, and top restaurants. The property features 3 spacious units totaling 8 bedrooms and 5 bathrooms, with one unit currently on a month-to-month lease—offering flexibility for future plans. Highlights include beautiful hardwood floors throughout, a newly renovated basement unit, and a brand-new garage. A rare chance to own a turnkey income property in one of the city’s most walkable and desirable neighborhoods. Owner is the listing agent.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $679,000
    Price per sq ft: $156
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1931
    State: MN
    Property Style: Triplex
    Zip Code: 55407
    Neighborhood/Area: Regina

    Interior

    Finished Area: 4,360 ft2
    Living Area: 4,360 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details:
    • Full
    • Partially Finished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 22'x19'
    Garage Size: 418 ft2
    Foundation Size: 1,560 ft2
    Handicap Accessible: None
    Heating System:
    • Boiler
    • Fireplace(s)
    • Hot Water
    Parking Features: Attached Garage
    Shared Amenities:
    • Coin-op Laundry Owned
    • Porch
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    Exterior Material: Stucco
    Roof Details:
    • Asphalt
    • Pitched

    Lot & Land

    Acres: 0.13
    Geolocation: 44.922354, -93.267211
    Lot Dimensions: 50 x 117
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Some Trees

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $8,775
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,775

    Income

    Annual Gross Income: $64,800

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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