For Sale: Minneapolis MLS# 6764199
Active
$784,900
Multi-family: Four Plex
Built 1900
3,577 sqft • 0.12 acres
Minneapolis schools
MLS# 6764199
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Property Description
$85, 320 Annual Rental Income From Turnkey Fourplex in Prime Northeast Minneapolis Location
This well-maintained fourplex in the highly desirable Sheridan neighborhood offers an impressive $85, 320 in annual rental income, making it a rare opportunity for investors and house hackers alike. Ideally located just steps from local favorites like Hai Hai, Mayslack’s, Jax Café, Northeast Social, and more, tenants enjoy easy access to dining, nightlife, parks, trails, and public transit. Built in the early 1900s, this charming brick building features original natural wood flooring, updated vinyl windows, and private outdoor seating areas for each unit. The property includes four off-street parking spaces and a thoughtful mix of units. On the Main Level there is One spacious 2-bed/1-bath, and one 1-bed/1-bath unit. Upper Level: One 2-bed/1-bath unit and a beautifully renovated 4-bed/2-bath unit with in-unit laundry. The recently created 4-bedroom unit is a standout and adds significant rental value. Additional amenities include coin-operated laundry, dedicated storage lockers in the shared basement, and an updated electrical system. The boiler is just three years old. Heat is provided by baseboard radiators, and tenants use their own window A/C units in summer. Tenants pay electricity, while the owner covers gas, water, sewer, and trash. Whether you're expanding your portfolio or seeking a hybrid investment/owner-occupant option, this high-income property in one of Minneapolis’ most vibrant neighborhoods is a must-see.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$784,900
Price per sq ft:
$219
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Four Plex
Zip Code:
55413
Neighborhood/Area:
Sheridan
Subdivision Name:
Cutters Add
Interior
Finished Area:
3,577 ft2
Living Area:
3,577 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Shared Access
- Storage/Locker
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,453 ft2
Foundation Dimensions:
29x52
Fencing:
Chain Link, Full
Handicap Accessible:
None
Heating System:
- Boiler
- Radiator(s)
Parking Features:
Assigned
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
Brick/Stone
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.12
Geolocation:
45.004525, -93.2612
Lot Dimensions:
40 x 135
Zoning:
Residential-Multi-Family
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:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,676
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,676
Income
Annual Gross Income:
$85,320
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
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
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.