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Contingent
Listed
$719,900
/mo   Edit
MLS# 5665967
Multi-family
Built 1891
7,510 fin sqft
Minneapolis schools
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    Description:   AMAZING OPPORTUNITY! This 4 plex was rezoned into 4 individual condos that are all being sold together! Continue to lease out these immaculate spaces -or- purchase this turn of the century charmer and sell the units separately! The neighborhood captures the essence of Minneapolis living with many excellent destinations a short walk away! This building has been extremely well cared for and has newer Hardy siding and TONS of old world charm throughout each of the 4 units. There is an excellent common space directly off the foyer as well. Evenings outdoors are a must under the rough sawn wood pergola in the side yard offering great privacy. The parking lot can accommodate up to 5 cars and each unit has it's own heat source and laundry! One of the units can be owner occupied November 1st, as well!
    List Price: $719,900
    Price/sq ft: $96
    Property Type: Multi-family
    Listing Status: Contingent
    Contingency: Inspection
    Property Style: Four Plex
    Year Built: 1891
    Neighborhood/Area: Whittier
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55404

    Interior

    Fin Sq Ft / Living Area: 7,510 ft²
    Above Ground Living: 6,384 ft²
    Below Ground Living: 1,126 ft²
    Total Ranges: Four
    Total Refrigerators: Four
    Basement Details: Full, Partially Finished

    Exterior

    Heating System: Forced Air, Radiant
    Foundation Size: 2,618 ft²
    Shared Amenities: Patio, Porch
    Fencing: Partial
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Fiber Cement
    Garage Spaces: 0
    Roof Details: Asphalt

    Rooms

    Shared Rooms: Amusement/Party Room

    Lot

    Acres: 0.25
    Lot Description: Tree Coverage - Light, Public Transit (w/in 6 blks)
    Latitude: 44.96180101
    Longitude: -93.27235598
    Lot Size Dim.: 63x130
    Zoning: Residential-Multi-Family

    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: $3,120
    Annual Maintenance Expense: $2,500
    Annual Gross Expense: $14,020
    Annual Trash Expense: $4,200
    Annual Water/Sewer Expense: $4,200
    Tenant Expenses: Electricity, Fuel, Cable TV

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $10,409
    Assessment Pending: No
    Taxes w/ Assessments: $10,409

    Income

    Annual Gross Income: $78,000
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Unit 1 Monthly Rent: $2,200
    Unit 2 Monthly Rent: $1,800
    Unit 4 Monthly Rent: $1,300

    Unit

    Total Units: 4

    Miscellaneous

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

    Mortgage Calculator

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    Get to know our Home Mortgage Professionals

    Jason
    Roaldson
    CrossCountry
    Justin
    Larson
    Movement
    Jeff
    Zajac
    TruStone
    Jason Roaldson
    Premier Loan Officer
    CrossCountry Mortgage NMLS#308253
    My goal is to be fair and accurate with anyone who trusts me to handle their financing. I believe that trust is the most important ingredient in the relationship between my client and me, which is why I focus on transparency with my clients so they understand from where all of the numbers in their transactions are derived. When trust is high and stress is low, purchases close on time. My Promise to you is we close on time, every time. We have open communication throughout the process, and I am accountable in all that I do. I am committed to serving you, I am committed to excellence, and I am committed to your 100% satisfaction. I am a 20 year veteran in the financing industry and have worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. I have been fortunate to be a multi-year recipient of the Super Mortgage Professional designation given by the Twin Cities Business Magazine, the Minneapolis/St. Paul Magazine, and the Minnesota Monthly Magazine which are professional publications in my market.
    612.268.1503

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