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For Sale:  Minneapolis MLS# 7075252

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Active NEW!
$949,900
/mo Edit
Multi-family:  Triplex
11 br • 6 ba • Built 1925
4,212 sqft • 0.12 acres
Minneapolis schools
MLS# 7075252
763-576-8286
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    Property Description

    This beautifully renovated 3-unit triplex offers modern updates throughout and excellent income potential in the desirable Regina neighborhood. The property features a comprehensive renovation including new flooring, fresh interior paint, updated electrical, updated plumbing, and new HVAC systems serving all units. Additional upgrades include a new roof, new siding, new windows, new doors, new trim and millwork, new appliances, a new driveway, and new fencing. Many rooms have been newly framed with an improved layout for better functionality and flow.Whether you're looking for an owner-occupied investment—live in one unit while renting the other two to offset your housing costs—or a turnkey multifamily property for your portfolio, this triplex delivers strong appeal. With nearly everything updated and all units vacant, this is a low-maintenance opportunity ready for immediate occupancy or rental. All rental income and expenses have been estimated FYI. This is A must-see property, Schedule your showing today!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $949,900
    Price per sq ft: $226
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1925
    State: MN
    Property Style: Triplex
    Zip Code: 55409
    Neighborhood/Area: 66
    Subdivision Name: Montgomery Park Add

    Interior

    Bedrooms: 11
    Bathrooms: 6
    Finished Area: 4,212 ft2
    Living Area: 4,212 ft2
    Refrigerators: Three
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Egress Window(s)
    • Finished
    • Full
    • Kitchenette

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,404 ft2
    Foundation Dimensions: 52x27
    Fencing: Other, Partial, Split Rail
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Road Frontage: City Street
    Exterior Material:
    • Block
    • Concrete
    • Frame
    Pool: None
    Roof Details:
    • Age 8 Years or Less
    • Architectural Shingle
    • Asphalt
    • Pitched

    Rooms

    Laundry: None

    Lot & Land

    Acres: 0.12
    Geolocation: 44.924127, -93.269265
    Lot Dimensions: 40 x 131
    Zoning:
    • Residential-Multi-Family
    • Residential-Single Family
    Lot Description:
    • Cleared
    • Infill Lot
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Farm

    Topography: Level

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $3,600
    Annual Maintenance Expense: $1,200
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $3,600
    Tenant Expenses: Cable TV, Electricity, Fuel, Gas, Heat, Hot Water

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $6,270
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,270

    Income

    Annual Gross Income: $108,000
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $100,600

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