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For Sale:  Minneapolis MLS# 7082395

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Active NEW!
$500,000
/mo Edit
Multi-family:  Fourplex
4 br • 4 ba • Built 1914
3,277 sqft • 0.14 acres
Minneapolis schools
MLS# 7082395
763-576-8286
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    Property Description

    Classic Powderhorn fourplex offering split utilities, enduring original character, and consistent rental demand in one of South Minneapolis’ most established neighborhoods. Situated on a corner lot just blocks from Powderhorn Park, this well-maintained property features four spacious 1-bedroom, 1-bath units with separate gas and electric, individual furnaces and water heaters, shared laundry, off-street parking, and a detached two-stall garage. Each unit retains the architectural details that continue to support long-term rental appeal, including original hardwood floors, built-in buffets, natural woodwork, and. enclosed porches that provide additional functional living space. Recent improvements include fresh exterior paint, new gutters, updated LED lighting throughout, electronic locks, updated landscaping, shared laundry with new washer and dryer, and a new water heater. The property offers stable in-place income with additional upside potential through future improvements over time. Additional features include basement storage lockers, rear deck access, and four off-street parking spaces in addition to the garage. Conveniently located near Powderhorn Park, transit, bike trails, downtown Minneapolis, and neighborhood dining and retail, this is an opportunity to acquire a well-positioned Minneapolis multi-family asset in a consistently strong rental corridor.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $500,000
    Price per sq ft: $153
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1914
    State: MN
    Property Style: Fourplex
    Zip Code: 55407
    Neighborhood/Area: 64
    Subdivision Name: Auditors Sub 049

    Interior

    Bedrooms: 4
    Bathrooms: 4
    Finished Area: 3,277 ft2
    Living Area: 3,277 ft2
    Refrigerators: Four
    Basement Details:
    • Full
    • Shared Access
    • Storage/Locker
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 346 ft2
    Foundation Size: 1,450 ft2
    Fencing: Chain Link, Full
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Detached Garage
    Shared Amenities:
    • Deck
    • Patio
    • Porch
    Road Frontage:
    • Paved Streets
    • Sidewalks
    Pool: None
    Roof Details:
    • Flat
    • Rubber

    Rooms

    Laundry: In Basement

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.14
    Geolocation: 44.9412, -93.261668
    Lot Dimensions: 50 x 122
    Zoning: Residential-Multi-Family
    Lot Description: Corner Lot

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $8,701
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $8,701

    Income

    Annual Gross Income: $64,380
    Misc. Annual Income: $3,600

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    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 Keller Williams Realty Integrity Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.