For Sale: Minneapolis MLS# 7151057
Active
NEW!
$530,000
Multi-family: Triplex
9 br • 3 ba • Built 1904
3,649 sqft • 0.26 acres
Minneapolis schools
MLS# 7151057
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Property Description
Outstanding owner-occupant/investment opportunity less than a block from Powderhorn Park! This triplex offers over 3, 500 finished sq. ft. above grade with a 4BR/1BA main-floor unit, 3BR/1BA second-floor unit, and 2BR/1BA third-floor unit.
The main-floor unit is rented for $2, 275 with the same tenant for over 5 years. The vacant second-floor unit was rented through June for $2, 090 and has just been renovated with new kitchen cabinets, countertops and appliances, fresh paint throughout, while preserving beautiful original built-ins and carved woodwork. The third-floor unit was renovated in 2026 and is leased at $1, 250/month through 3/31/27.
Additional highlights include high ceilings, a 2024 roof, 200 Amp Service, two newer porches, triple corner lot, fenced flat backyard, 2-car garage, and off-street parking for at least 3 additional vehicles. The 1, 400+ sq. ft. freshly painted unfinished basement offers substantial storage and future value-add potential.
Walk to Powderhorn Park, Mercado Central, restaurants and transit; less than a mile to Abbott Northwestern Hospital and convenient to Downtown, the U of M and Minneapolis Institute of Art.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$530,000
Price per sq ft:
$145
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1904
State:
MN
Property Style:
Triplex
Zip Code:
55407
Neighborhood/Area:
64
Subdivision Name:
Williams Add
Interior
Bedrooms:
9
Bathrooms:
3
Finished Area:
3,649 ft2
Living Area:
3,649 ft2
Refrigerators:
Three
Basement Details:
- Full
- Partially Finished
- Shared Access
- Storage Space
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Size:
325 ft2
Foundation Size:
1,485 ft2
Foundation Dimensions:
52.5 x 28.3
Fencing:
Chain Link, Wood
Handicap Accessible:
None
Heating System:
- Boiler
- Radiator
Parking Features:
- Detached Garage
- Driveway - Other Surface
Shared Amenities:
Porch
Exterior Material:
Frame
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
- Common Area
- In Basement
- Laundry Room
- Sink
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.26
Geolocation:
44.944946, -93.254117
Lot Dimensions:
90 x 127
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,000
Annual Fuel Expense:
$2,400
Annual Insurance Expense:
$4,500
Annual Maintenance Expense:
None
Annual Trash Expense:
$750
Annual Water/Sewer Expense:
$3,500
Tenant Expenses:
Gas, Heat
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$8,115
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,636
Income
Annual Gross Income:
$68,130
Misc. Annual Income:
$750
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Water System:
City Water - In Street
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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 Karina Realty.
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.