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For Sale:  Minneapolis MLS# 6795761

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Active
$950,000
/mo Edit
Multi-family:  Triplex
Built 2005
4,900 sqft • 0.13 acres
Minneapolis schools
MLS# 6795761
763-576-8286
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    Property Description

    Seize a remarkable chance to own a triplex in the desirable Uptown Minneapolis, built in 2005. This property features three generously sized units with thoughtful layouts, perfect for both investors and those looking to reside in a vibrant community. Each unit is equipped with updated kitchen and bathrooms, in-unit laundry, large closets, separate utilities and a garage stall for each unit, providing hassle-free parking for residents. Additionally, a bonus studio apartment adds a non-conforming fourth unit, offering flexibility for extra rental income or an ideal home office/studio. Situated in a lively area filled with trendy shops, dining options, and parks, this triplex represents a unique blend of modern living and investment potential—don’t let this opportunity pass you by!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $950,000
    Price per sq ft: $194
    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:
    • Block
    • Egress Window(s)
    • Finished

    Exterior

    Stories: Two
    Garage Spaces: 3
    Garage Dimensions: 20x30
    Garage Size: 600 ft2
    Foundation Size: 1,800 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Detached
    Shared Amenities: None
    Road Frontage: City Street
    Exterior Material:
    • Brick/Stone
    • Vinyl Siding
    Roof Details: Age Over 8 Years

    Lot & Land

    Acres: 0.13
    Geolocation: 44.93893, -93.284707
    Lot Dimensions: 45 x 129
    Zoning: Residential-Multi-Family

    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: $15,981
    Annual Trash Expense: $1,386
    Annual Water/Sewer Expense: $4,067
    Tenant Expenses: Other

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $14,312
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $14,312

    Income

    Annual Gross Income: $91,500
    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

    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 Real Broker, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.