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Pending:  Minneapolis MLS# 7029389

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Pending
$509,900
/mo Edit
Multi-family:  More Than 2 Stories
5 br • 3 ba • Built 1916
3,009 sqft • 0.12 acres
MLS# 7029389
763-576-8286
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    Property Description

    Beautifully cared for and full of character, this Longfellow triplex is an exceptional opportunity for both owner-occupants and investors. The first and second units each offer 2 bedrooms and 1 full bath, complemented by hardwood floors, relaxing sunrooms, rich woodwork, and classic built-in buffets. The third-floor unit features 1 bedroom and 1 full bath, hardwood floors, an updated kitchen, and a cozy electric fireplace. A detached 3-car garage with individual doors enhances functionality and rental value. The property also includes a welcoming fenced backyard with patio area, and an expansive basement with ample storage, a newer premium, on-demand water heater and new boiler, and shared laundry facilities. All new insulated glass storms on wood finished windows and many new Andersen double-hung windows. Ideally situated near the river, miles of trails, local dining and shopping, and several colleges, this triplex blends convenience, charm, and long-term potential.

    Listing

    Listing Status: Pending
    Contingency: None
    List Price: $509,900
    Price per sq ft: $169
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 3
    County: Hennepin
    Year Built: 1916
    State: MN
    Property Style: More Than 2 Stories
    Zip Code: 55406
    Neighborhood/Area: 44
    Subdivision Name: Nesbitts Add

    Interior

    Bedrooms: 5
    Bathrooms: 3
    Finished Area: 3,009 ft2
    Living Area: 3,009 ft2
    Refrigerators: One Per Unit
    Basement Details:
    • Full
    • Storage Space
    • Sump Pump
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 3
    Garage Size: 600 ft2
    Foundation Size: 1,008 ft2
    Fencing: Chain Link, Full
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features:
    • Asphalt
    • Assigned
    • Detached Garage
    • Electric
    Shared Amenities:
    • Laundry
    • Patio
    Road Frontage:
    • City Street
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    Pool: None
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Rooms

    Laundry:
    • Gas Dryer Hookup
    • In Basement
    • Sink
    • Washer Hookup

    Lot & Land

    Acres: 0.12
    Geolocation: 44.949533, -93.218196
    Lot Dimensions: 40 x 128
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Medium

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,250
    Annual Fuel Expense: $2,700
    Annual Insurance Expense: $4,210
    Annual Maintenance Expense: $200
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,301
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $7,247
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,247

    Income

    Annual Gross Income: $50,100
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $38,317

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty - Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.