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$375,000
Est. payment /mo
2,992 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,992 sqft
Price per Sqft $125
MLS Listing ID 6815393
Year Built 1910
Annual Tax Amount $6,857
Tax Year 2025
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 42.00 X 126.00
Property Sub-Type Quadruplex
Property Description
Discover a turnkey investment opportunity in the heart of Minneapolis! This well-maintained 4-unit building offers four spacious 1-bedroom, 1-bath apartments; all vacant after recent updates and ready for leasing. Units feature fresh paint, refinished hardwood floors, and updates including new cabinetry and appliances in some units. New roof in 2023 and separate gas and electric meters for all units. This property presents excellent cash flow potential with projected rents at $1,200-$1,400/mo. Additional highlights include four off-street parking spaces, a convenient location near downtown, highways, and transit, and plenty of value-add potential for investors looking to grow their portfolio.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Full
Interior
Heating Hot Water
Fireplace No
Exterior
Parking Features Gravel, Open
Roof Type Flat
Building
Story Two
Foundation 1496
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Stucco,Wood Siding
New Construction false
Schools
School District Minneapolis
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Listed by Jamie Bolinger • Keller Williams Realty Integrity Lakes
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Ingrid Friel
Residential Realtor | License ID: 40213017
Residential Realtor License ID: 40213017