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MLS# 5670612
Built 1921
4,850 fin sqft
Minneapolis schools
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    Description:   Quality turnkey Investment! This is a really nice 3 unit property that's available for the 1st time in 26 yrs! Owner has lived in the 2nd floor unit for his entire ownership period & intends to rent-back from new owner & continue to be the new owner's caretaker keeping this property in largely the same cond for the new owner! Ideal circumstances for new owner. This property has been very well maintained, updated & cared for & it shows. Clean, clean, clean. 3rd floor unit is leased to a dependable quiet couple & the 1st floor unit is currently open for a new owner occupant or it will simply be re-leased. Anderson windows throughout bldg + the hot water boiler & 2 water heaters were just replaced in Oct 2018. Ext brick tuckpointing + other updates also recently completed. Mpls TISH inspection already completed. See supplemental information for financial details. Either move right in or own a solid, consistent return, low maintenance investment from day one in a popular growing local.
    List Price: $795,000
    Price/sq ft: $164
    Property Type: Multi-family
    Listing Status: Active
    Contingency: None
    Property Style: Triplex
    Year Built: 1921
    Neighborhood/Area: Whittier
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55404


    Fin Sq Ft / Living Area: 4,850 ft²
    Above Ground Living: 4,850 ft²
    Below Ground Living: 0 ft²
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details: Full, Block


    Heating System: Hot Water
    Foundation Size: 2,028 ft²
    Shared Amenities: Patio
    Fencing: Wood, Privacy
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Stucco, Brick/Stone
    Garage Spaces: 4
    Roof Details: Asphalt, Pitched, Age Over 8 Years


    Shared Rooms: Community Room


    Acres: 0.21
    Lot Description: Tree Coverage - Medium, Public Transit (w/in 6 blks)
    Latitude: 44.95778900
    Longitude: -93.28010400
    Lot Size Dim.: 55 X 165
    Dev/Complex Name: J T Blaisdells Rev Add
    Zoning: Residential-Multi-Family


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


    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $2,400
    Annual Insurance Expense: $3,330
    Annual Maintenance Expense: $1,800
    Annual Gross Expense: $10,400
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,700
    Tenant Expenses: Electricity, Cable TV

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $9,139
    Assessment Pending: No
    Taxes w/ Assessments: $9,139


    Annual Gross Income: $63,900
    Misc. Annual Income: None
    Misc. Monthly Income: None


    Unit 1 Monthly Rent: $2,000
    Unit 2 Monthly Rent: $2,000


    Total Units: 3


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

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    Get to know our Home Mortgage Professionals

    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.

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