For Sale: Minneapolis MLS# 6600433
Active
$979,000
Commercial: Apartment,Low Rise
Built 1910
0.15 acres
Minneapolis schools
MLS# 6600433
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Property Description
Location is King on this building. 1 block to Greenway, Lakes, Bus Station, Lunds and Dining. Quiet building on an easy to park 1 way street. 4 1150 sq ft identical units with original woodwork and leaded glass. Top unit is 1550 sq ft with own roof top deck - great for an owner occupied situation. Units are never vacant and always have multiple applications when they come available. This building has had a ton of work completed. It has been completely upgraded. 2005-2008 period. Back 2/3 of roof was flat. It was removed and rebuilt adding space to the 3rd floor. All 5 bathrooms replaced. Water upgraded to copper. Electric updated with new wiring, breakers, and meter for each unit. NO knob and tube. Brick work on outside completely replaced. The 3rd floor deck completely replaced (new flat roof on that 2018). 2020-2023 - 80% of windows replaced. All eves, trim and front columns stripped to wood and repainted. 2023 - New $30k roof. New $35k paint job on entire building.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$979,000
Property Type:
Commercial
City:
Minneapolis
County:
Hennepin
Year Built:
1910
State:
MN
Property Style:
Apartment, Low Rise
Zip Code:
55408
Neighborhood/Area:
East Isles
Subdivision Name:
Russells 3rd Add
Interior
Ceiling Height:
8-10
Ranges:
Five
Refrigerators:
Five
Appliances Included:
- Dishwasher
- Range
- Refrigerator
Basement Details:
- 8 ft+ Pour
- Concrete
- Daylight/Lookout Windows
Exterior
Stories:
Three Or More
Other Parking Spaces:
5
Air Conditioning:
Window Unit(s)
Foundation Size:
2,640 ft2
Handicap Accessible:
No Stairs External
Heating System:
Boiler
Parking Features:
Parking Lot
Shared Amenities:
- Coin-op Laundry Leased
- Deck
Unit Amenities:
- Deck
- Ethernet Wired
- Hardwood Floors
- Kitchen Window
- Main Floor Primary Bedroom
- Natural Woodwork
- Security Lights
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
- Age 8 Years or Less
- Asphalt
- Rubber
Lot & Land
Acres:
0.15
Geolocation:
44.951048, -93.302446
Inclusions:
Building, Fixture/Equipment, Land
Lot Dimensions:
50 x 130
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Electric Expense:
$458
Annual Fuel Expense:
$4,467
Annual Insurance Expense:
$8,510
Annual Maintenance Expense:
$2,125
Annual Gross Expense:
$21,422
Annual Trash Expense:
$2,880
Annual Water/Sewer Expense:
$2,982
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$16,107
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$16,107
Income
Annual Gross Income:
$98,700
Rent
Annual Net Income:
$61,178
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of HomeAvenue Inc.
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.