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For Sale:  Minneapolis MLS# 6705831

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Active
$525,000
/mo Edit
Multi-family:  Triplex
Built 1909
2,748 sqft • 0.14 acres
Minneapolis schools
MLS# 6705831
763-576-8286
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    Property Description

    Cash flowing triplex with options...well maintained, with roof, gutters, boiler and windows all less than 8 years old. Old-world charm fills the main floor 1-bedroom unit, with a front porch, high ceilings, original hardwood floors, oak trim, stained glass and built-in buffet... currently owner-occupied, but could be rental. Upper two levels are currently an Air BnB 3-bedroom rental, rented about 85% of the time for the past 5 years... could also be full-time rental. Basement level has laundry and a good 3-year tenant in the efficiency apartment who wants to stay. Also good for multi-generational living. Hard to find 2-car garage and fully fenced, private back yard that invites you to stay... great for pets, kids, or just relaxing. Convenient location near bus, light rail, parks, restaurants including Matt�??s Bar - home of the original Jucy Lucy. This great Corcoran Neighborhood triplex has easy access to the airport, a 'Very Walkable' Walk Score of 71 and a 'Biker�??s Paradise' Bike Score of 98... great investment for rental or convenient living! Don't let this great opportunity pass you by! More info in SUPPLEMENTS

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $525,000
    Price per sq ft: $191
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1909
    State: MN
    Property Style: Triplex
    Zip Code: 55407
    Neighborhood/Area: Corcoran
    Subdivision Name: Minnehaha Add

    Interior

    Finished Area: 2,748 ft2
    Living Area: 2,748 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details:
    • Egress Window(s)
    • Finished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 2
    Garage Dimensions: 16 X 18
    Garage Size: 288 ft2
    Foundation Size: 806 ft2
    Fencing: Full, Privacy
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Boiler
    • Hot Water
    • Radiant
    Parking Features:
    • Detached
    • Gravel
    Shared Amenities:
    • Patio
    • Porch
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Exterior Material: Stucco
    Roof Details:
    • Age 8 Years or Less
    • Asphalt
    • Pitched
    • Rubber

    Lot & Land

    Acres: 0.14
    Geolocation: 44.942643, -93.246455
    Lot Dimensions: 20 X 125
    Lot Description:
    • Many Trees
    • Public Transit (w/in 6 blks)

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: $1,200
    Annual Electric Expense: $1,800
    Annual Fuel Expense: $2,400
    Annual Insurance Expense: $3,500
    Annual Maintenance Expense: $2,400
    Annual Gross Expense: $10,900
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $700

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,322
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,626

    Income

    Annual Gross Income: $35,900
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

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