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Active
$879,900
/mo Edit
Multi-family:  Triplex
9 br • 6 ba • Built 1948
5,195 sqft • 0.12 acres
Minneapolis schools
MLS# 7106694
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    Property Description

    Rare turnkey multi-family opportunity in the highly coveted East Bde Maka Ska (ECCO) neighborhood of Uptown! This classic property operates as a Triplex with a non-conforming 4th unit, offering an incredible footprint of over 5, 100 finished square feet. Whether you are a seasoned investor looking to add a high-demand asset to your portfolio, or an owner-occupant looking to build massive equity while letting rental income cover your mortgage, this property delivers. The building features spacious layouts, classic Minneapolis charm, hardwood floors, abundant natural light, and an attached 2-car garage. The unit mix provides excellent rental versatility and strong historical occupancy. The location is an absolute renter's paradise with unbeatable local amenities. Tenants and owners alike will love being just a short walk to the shores of Lake Bde Maka Ska, and steps away from the vibrant dining, shopping, and entertainment districts of Lyn-Lake and Uptown. Commuting is effortless with excellent public transit options nearby, very bikeable streets, and quick access to I-35W and downtown Minneapolis. Don't miss out on a powerful wealth-building asset in one of the city's most resilient rental markets. Buyer/buyer's agent to verify all local zoning, square footage, and unit compliance details with the city. Schedule your private tour today!

    Listing

    Contingency: None
    Price per sq ft: $169
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Triplex
    Zip Code: 55408
    Neighborhood/Area: 23
    Subdivision Name: Calhoun Park

    Interior

    Living Area: 5,195 ft2
    Refrigerators: Three
    Basement Details:
    • Egress Window(s)
    • Finished
    • Single Tenant Access
    • Tile Shower
    • Walkout

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 2
    Garage Dimensions: 24x18
    Garage Size: 432 ft2
    Garage Door Height: 8
    Foundation Size: 2,004 ft2
    Fencing: Partial, Split Rail
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features:
    • Asphalt
    • Attached Garage
    • Garage Door Opener
    • Tuckunder Garage
    Shared Amenities: Coin-op Laundry Owned
    Road Frontage:
    • City Street
    • Curbs
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Exterior Material:
    • Block
    • Brick
    • Frame
    Pool: None
    Roof Details:
    • Age 8 Years or Less
    • Asphalt
    • Flat
    • Pitched
    • Rubber

    Rooms

    Shared Rooms: Other
    Laundry:
    • Common Area
    • Electric Dryer Hookup
    • Gas Dryer Hookup
    • In Basement
    • Laundry Room
    • Lower Level
    • Sink
    • Washer Hookup

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.12
    Geolocation: 44.940814, -93.301267
    Lot Dimensions: 40 x 129
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light
    • Underground Utilities

    Farm

    Topography: Walkout

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $4,000
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $16,013
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $16,013

    Income

    Annual Gross Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

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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!

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    Listing provided by RMLS, courtesy of MOVE.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.