Sold: Minneapolis MLS# 6587538
Sold
$449,900 (list price)
$395,000
Commercial: Apartment,Mixed Use,Business,Office
Built 1922
0.1 acres
Minneapolis schools
MLS# 6587538
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Property Description
Mixed used building, 2 upper residential units with 2 beds, 1 bath each, fully leased and well maintained. Lower 2 units leased by the owner's business. Basement unit is vacant and can be leased by another business. New roof membrane 6 years ago.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$449,900
Sold Price:
$395,000
Sold Date:
01/16/2025
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1922
State:
MN
Property Style:
Apartment, Mixed Use, Business, Office
Zip Code:
55411
Neighborhood/Area:
McKinley
Subdivision Name:
Bakers 4th Add
Interior
Appliances Included:
- Range
- Refrigerator
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
2
Other Parking Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
3,200 ft2
Handicap Accessible:
Other
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Radiator(s)
Parking Features:
- Detached
- Guest Parking
- On-Street Parking Only
Shared Amenities:
Deck
Unit Amenities:
Hardwood Floors
Road Frontage:
Sidewalks
Exterior Material:
- Block
- Brick Veneer
- Brick/Stone
Roof Details:
Flat
Lot & Land
Acres:
0.1
Geolocation:
45.013346, -93.288537
Inclusions:
Building, Land, Leases
Lot Dimensions:
48.4 X 92
Zoning:
Business/Commercial
Lot Description:
Irregular Lot
Farm
Topography:
Walkout
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Insurance Expense:
$1,852
Annual Maintenance Expense:
$800
Annual Gross Expense:
$21,475
Annual Trash Expense:
$2,340
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,583
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,583
Income
Annual Gross Income:
$45,480
Rent
Annual Net Income:
$29,905
Units
Total Units:
5
Miscellaneous
Current Use:
- Commercial
- Professional/Office
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
- City Sewer - In Street
- City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
- City Water - In Street
- City Water/Connected
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Listing provided by RMLS,
courtesy of Creative Results.
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.