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Pending
$900,000
/mo Edit
Multi-family:  Four Plex
Built 2001
5,400 sqft • 0.17 acres
Minneapolis schools
MLS# 6505508
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    Property Description

    Excellent owner occupy or investment property. Well maintained and great rental history. Close to downtown, chain of lakes, Lyn/Lake, uptown and the bike trails on the midtown greenway. Walk score of 93, bike score of 96, and public transit close by. Built in 2001 as a 4 unit building. Separate gas and electric. All have private entrances, forced air heating, central air, gas fireplaces, and in unit washer/dryers. Main levels are open concept with hardwood and tile flooring. Dishwashers and breakfast bar in kitchens. Each unit having 2 large bedrooms with walk in closets and full baths. Privacy fence in backyard and a 4 car garage. New roof and gutters installed in May 2024.

    Listing

    Contingency: None
    Price per sq ft: $167
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Four Plex
    Zip Code: 55404
    Neighborhood/Area: Whittier
    Subdivision Name: J T Blaisdells Rev Add

    Interior

    Living Area: 5,400 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Block
    • Egress Window(s)
    • Finished

    Exterior

    Stories: Two
    Garage Spaces: 4
    Foundation Size: 1,800 ft2
    Fencing: Partial, Privacy, Wood
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Assigned
    • Detached
    • Garage Door Opener
    Shared Amenities: None
    Road Frontage:
    • City Street
    • Curbs
    • Sidewalks
    Exterior Material: Stucco
    Roof Details: Age 8 Years or Less

    Lot & Land

    Acres: 0.17
    Geolocation: 44.957907, -93.280095
    Lot Dimensions: 44 x 165
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Schools

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

    Expenses

    Annual Caretaker Expense: $3,000
    Annual Electric Expense: $190
    Annual Insurance Expense: $9,000
    Annual Maintenance Expense: $4,200
    Annual Gross Expense: $23,150
    Annual Water/Sewer Expense: $4,260
    Tenant Expenses: Cable TV, Electricity, Fuel

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $15,484
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $15,484

    Income

    Annual Gross Income: $81,960
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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