Sold: Minneapolis MLS# 5694657
Sold
$499,900 (list price)
$517,000
Multi-family: Four Plex
Built 1900
4,500 sqft•0.13 acres
Minneapolis schools
MLS# 5694657
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Property Description
Nice and clean 4 unit apartment building close to quality commercial properties including a hospital and parks! Each unit has 2 bedrooms plus a generous sunroom. Off street parking in the back. All units have undergone updating. 4x furnaces and 4x water heaters including two new furnaces! The utilities are separately metered. Live in the freshly renovated unit and keep the other 3 rented! 2021 taxes will be $4, 400 as the property is part of the exciting new 4d program! Coin op ready! 32 new vinyl windows! Currently tier 1 status! This building has an amazing 3rd story that could be utilized and there is ample room for storage in the lower level. This is a great building to invest in!
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$499,900
Sold Price:
$517,000
Sold Date:
05/14/2021
Price per sq ft:
$111
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Four Plex
Zip Code:
55404
Neighborhood/Area:
Midtown Phillips
Interior
Finished Area:
4,500 ft2
Living Area:
4,500 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Daylight/Lookout Windows
- Full
- Partially Finished
- Walkout
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,802 ft2
Fencing:
Chain Link, Partial
Handicap Accessible:
None
Heating System:
- Forced Air
- Hot Water
Parking Features:
Concrete
Shared Amenities:
- Coin-op Laundry Owned
- Porch
Road Frontage:
City Street
Exterior Material:
- Stucco
- Wood Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
- Flat
Lot & Land
Acres:
0.13
Geolocation:
44.95631400, -93.25783700
Lot Dimensions:
45 x 127
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$500
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,900
Annual Maintenance Expense:
$1,700
Annual Gross Expense:
$9,100
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$5,000
Tenant Expenses:
Cable TV, Electricity, Fuel
Financial & Taxes
Tax Year:
2020
Annual Taxes:
$7,445
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$7,424
Land Lease Amount:
0
Income
Annual Gross Income:
$47,700
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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.
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!
Listing provided by RMLS,
courtesy of John Thomas Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.