For Sale: Minneapolis MLS# 6776463
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Property Description
This property offers a tremendous range of opportunities for the incoming buyer. Originally built in 1895 as a single-family home, it was converted to its current multi-family state in 1945. The location is outstanding and offers some of the best westerly views over Lake Bde Maka Ska. Bde Maka Saka is central to Minneapolis’ famed lakes area and boasts miles of interconnected trails and nearby local shops and restaurants. The lake offers mooring options for sail boats, local beaches, cannel connections to Isles and Cedar, and has the restaurant, Pimento on the Lake, which is just 2 short blocks from the site. The structure has been well maintained over the years and features two 2-bedroom units and one 1-bedroom unit. Each level has sweeping views of the lake. Given its single-family roots, this property provides a path to single-family conversion following some of its innate layout design. Also, with its generous above ground square footage, a condo conversion might be the direction to take with this property. Given all these options, its true potential lies as a teardown opportunity (historic review completed). Its large 12, 000+ sf site affords 6, 000+ of above ground buildable square footage (FAR) and is a perfect setup for a boutique 2- or 3-unit condo project or for a luxury single family new build. Zoning is 2040 Interior 2. The extra deep site offers numerous layout and greenspace options. The detached 3-car garage offers an exceptional material staging area during the project or can be refreshed and maintained in its current state for a cost savings measure, and given its current structure as a triplex, opportunity for excellent supplemental income during the planning process…or as a holding place for a future project.
Please do not walk the site without an appointment, the building is occupied.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,075,000
Property Type:
Lot/Land
City:
Minneapolis
County:
Hennepin
State:
MN
Property Style:
Lot/Land
Zip Code:
55408
Neighborhood/Area:
ECCO
Subdivision Name:
Calhoun Park
Exterior
Out Buildings:
Additional Garage
Road Responsibility:
Public Maintained Road
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Lake & Waterfront
Waterfront Present:
N
Waterfront Name:
Bde Maka Ska
DNR Lake ID#:
27003100
Waterfront Slope:
Gradual
Lake Chain Name:
Y
Lake Acres:
419
Lake Depth:
82
Chain Acreage:
1049
Waterfront:
Lake View
Lot & Land
Acres:
0.28
Geolocation:
44.944106, -93.303361
Inclusions:
Platted, Survey, Topographic Map
Lot Dimensions:
42 x 277 x 45 x 294
Restrictions:
None
Zoning:
Residential-Multi-Family
Lot Description:
- Infill Lot
- Public Transit (w/in 6 blks)
- Some Trees
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$19,582
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$19,582
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Development Status:
Finished Lot(s)
Improvements:
None
Available Utilities:
- Cable Available
- Cable Connected
- Electricity Available
- Electricity Connected
- Natural Gas Available
- Natural Gas Connected
- Phone Available
- Phone Connected
- Sewer Available
- Water Available
- Water Connected
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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!
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.