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$519,900
/mo Edit
Multi-family:  Triplex
6 br • 3 ba • Built 1900
3,436 sqft • 0.17 acres
Minneapolis schools
MLS# 7119612
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    Property Description

    The property features three separate units, each with its own private entrance, making it an excellent opportunity for investors or owner occupants looking to generate rental income. The main level unit offers a spacious 2-bedroom, 1-bathroom layout, the lower level features a studio apartment, and the upper unit spans two stories with 3 bedrooms and 1 bathroom, providing a variety of rental options to appeal to a wide range of tenants. Recent exterior improvements include freshly painted siding and a new deck, adding both curb appeal and outdoor living space. With separate entrances for each unit, functional floor plans, and strong rental potential, this property is well-positioned for steady cash flow while still offering opportunities for future value appreciation. Located in one of Minneapolis' most desirable rental markets, this triplex provides easy access to downtown, major transit routes, lakes, and neighborhood amenities, making it a highly attractive investment for years to come.

    Listing

    Contingency: None
    Price per sq ft: $151
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Triplex
    Zip Code: 55405
    Neighborhood/Area: 47
    Subdivision Name: Sunnyside Add

    Interior

    Living Area: 3,436 ft2
    Refrigerators: Three
    Basement Details: Finished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 1
    Garage Size: 200 ft2
    Foundation Size: 1,227 ft2
    Handicap Accessible: None
    Heating System: Baseboard
    Parking Features: Detached Garage
    Shared Amenities: Laundry
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Rooms

    Laundry: In Basement

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.17
    Geolocation: 44.960432, -93.288932
    Lot Dimensions: 58 x 128.8

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

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

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $10,541
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $13,757

    Income

    Annual Gross 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 Fuze Real Estate.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.