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$505,000
Est. payment /mo
6 Beds
4 Baths
2,688 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,688 sqft
Price per Sqft $187
Subdivision Ramsey Lockwood & Others Add St Anth
MLS Listing ID 7020244
Bedrooms 6
Year Built 1910
Annual Tax Amount $8,571
Tax Year 2025
Contingent None
Lot Size 5,227 Sqft
Lot Dimensions 39.30 X 131.00
Property Sub-Type Fourplex
Property Description
Classic four-unit property with Northeast character in a prime location of the Beltrami neighborhood. Grocery stores, restaurants, breweries, and the University of Minnesota all in close proximity. All units are currently rented month-to-month with long-term tenants in place.
The property includes two 2-bedroom units on the upper floor and two 1-bedroom units on the main level.
Unit 1 was originally a neighborhood storefront during the Roaring '20s, adding a colorful chapter of local history to the property.
2 × 2 Bed / 1 Bath Units
2 × 1 Bed / 1 Bath Units
Current Rent Roll (Fully Occupied, Low Turnover):
Unit 1 (2BR/1BA) – $1,000
Unit 2 (1BR/1BA) – $950
Unit 3 (2BR/1BA) – $1,050
Unit 4 (1BR/1BA) – $1,000
Building Improvements:
Roof: New in 2017
Boiler: New in 2013
Plumbing: PEX Uponor, 2013
Water Heaters: Replaced in 2013
Operating Expense
Taxes: $9,381
Water + Solid Waste: $4,131
Insurance: $2,481
Gas : $2,769
Electric: $500
The property includes two 2-bedroom units on the upper floor and two 1-bedroom units on the main level.
Unit 1 was originally a neighborhood storefront during the Roaring '20s, adding a colorful chapter of local history to the property.
2 × 2 Bed / 1 Bath Units
2 × 1 Bed / 1 Bath Units
Current Rent Roll (Fully Occupied, Low Turnover):
Unit 1 (2BR/1BA) – $1,000
Unit 2 (1BR/1BA) – $950
Unit 3 (2BR/1BA) – $1,050
Unit 4 (1BR/1BA) – $1,000
Building Improvements:
Roof: New in 2017
Boiler: New in 2013
Plumbing: PEX Uponor, 2013
Water Heaters: Replaced in 2013
Operating Expense
Taxes: $9,381
Water + Solid Waste: $4,131
Insurance: $2,481
Gas : $2,769
Electric: $500
Location
State MN
County Hennepin
Rooms
Basement Other
Interior
Heating Boiler
Fireplace No
Exterior
Parking Features Detached Garage
Garage Spaces 5.0
Building
Story Two
Foundation 1344
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Frame
New Construction false
Schools
School District Minneapolis
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Listed by Alexander Jasko • Lifestyles
Nearby Locations
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Robin Cicmil
Broker Associate | License ID: 40962454
Broker Associate License ID: 40962454