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For Sale:  Minneapolis MLS# 6706833






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Active
$995,000
/mo Edit
Multi-family:  Triplex
Built 1905
6,055 sqft • 0.18 acres
Minneapolis schools
MLS# 6706833
763-576-8286
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    Property Description

    Well-maintained, legal, (and properly licensed) triplex built in 1905 with central air in every unit and a detached, 4-car garage. Charming details abound in this classic property making every room feel special, including original moldings, trim, French doors, a sun room, built-in china cabinets, window casings, and tucked away secret closets. Floors 1 and 2 have 3 bedrooms/2 baths per unit including primary bedrooms with walk-in closets and en suite bathrooms. Floor 3 has 2 bedrooms, 1 full bath w/soaking tub, vaulted ceilings, skylights, and a bonus office space. Every kitchen in each unit has a dishwasher. Excellent natural light and original hardwood floors throughout each spacious unit make this property easy to enjoy. The shared finished basement is unusually large and bright with good ceiling height, and features a shared laundry room, a community/rec room, a 3/4 bath, and a tenant storage area. The property contains a total of 8 bedrooms and 6 bathrooms. See the Floor Plan for more details. Located in the East Isles neighborhood, the property is just 3 blocks off Lake of the Isles and 1 block from Joanne R. Levin Park with convenient access to many local shops and restaurants including Kowalski's Market. Personally managed for the last 18 years by an owner focused on diligent maintenance, the property has attracted long-term tenants and rents quickly on the rare occasions a unit becomes available. A few of the recent thoughtful improvements include newer appliances, fresh interior paint, a new roof in 2023, and a sustainable, low maintenance clover yard was installed in 2024. Whether you keep the current tenants in place or move in yourself don�??t miss out on a rare opportunity to own this exceptional property. See the 3-D Tour on the Virtual Tour link for an immediate, online walk-thru viewing of the basement and Unit 1 and Unit 3 of the property. Detailed owner revenue and expense history available to qualified buyers. PRE-APPROVED BUYERS ONLY PLEASE as property is fully leased/occupied and no open houses are scheduled.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $995,000
    Price per sq ft: $164
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 4
    County: Hennepin
    Year Built: 1905
    State: MN
    Property Style: Triplex
    Zip Code: 55405
    Neighborhood/Area: East Isles
    Subdivision Name: Lake Of The Isles Add

    Interior

    Finished Area: 6,055 ft2
    Living Area: 6,055 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details:
    • Drainage System
    • Finished
    • Shared Access
    • Stone/Rock
    • Tile Shower

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 4
    Garage Dimensions: 40x20
    Garage Size: 800 ft2
    Garage Door Height: 7
    Garage Door Width: 16
    Foundation Size: 2,111 ft2
    Fencing: Privacy, Vinyl
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Boiler
    • Forced Air
    • Hot Water
    Parking Features:
    • Asphalt
    • Detached
    • Garage Door Opener
    • Shared Driveway
    • Storage
    Shared Amenities:
    • Laundry
    • Lobby Entrance
    • Patio
    • Security Lighting
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Exterior Material:
    • Metal Siding
    • Stucco
    • Wood Siding
    Roof Details:
    • Age 8 Years or Less
    • Architectural Shingle
    • Asphalt
    • Pitched

    Rooms

    Shared Rooms:
    • Community Room
    • Other

    Lot & Land

    Acres: 0.18
    Geolocation: 44.956638, -93.298635
    Lot Dimensions: 50 x 155
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Farm

    Topography: Level

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $18,310
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $18,310

    Income

    Annual Gross Income: $81,000
    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

    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.