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For Sale:  Minneapolis MLS# 7050238

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Active Contingent
$589,900
/mo Edit
Multi-family:  Apartments
6 br • 6 ba • Built 1888
4,127 sqft • 0.4 acres
MLS# 7050238
763-576-8286
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    Property Description

    Own of of Prospect Park's legacy properties - where the possibilities are endless! Right now the building has 3 active units, but in the past has been as many as 5 separate units. Zoned for Apartments, it would be easily possible to get a few of the kitchens back in and turn this back into a huge money making property! Incredible lot for the area, there is even increased value add down the line as this property will be key to any future development in the area. Currently the main floor and 1/2 of the upper floor make a grand apartment for an owner occupant filled with charming woodwork, hardwood floors, decorated ceilings & details thru out. 3 baths and 3BRs in this unit with a grand hall entrance. 2nd floor has a 1 bedroom apartment with continued charm and woodwork galore. The 3rd floor is a fantastic 2BR utilitarian apartment that is easy to maintain and rent to students. Basement is dry with high ceilings and could be turned into another living space if desired. Right now there is a recently updated bath, wine cellar and storage lockers for the tenants. 3 car garage and large yard. Stunning wrap around porch. Perfect for an owner occupant or could be great for an investors as well. Well maintained, but due to memory issues of the current seller, property will be sold as-is.

    Listing

    Listing Status: Active Contingent
    Contingency: Inspection
    List Price: $589,900
    Price per sq ft: $143
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 3
    County: Hennepin
    Year Built: 1888
    State: MN
    Property Style: Apartments
    Zip Code: 55414
    Neighborhood/Area: 65
    Subdivision Name: Eustis Park

    Interior

    Bedrooms: 6
    Bathrooms: 6
    Finished Area: 4,127 ft2
    Living Area: 4,127 ft2
    Refrigerators: Three
    Basement Details:
    • Shared Access
    • Storage Space
    • Storage/Locker

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 3
    Garage Dimensions: 38x18
    Garage Size: 684 ft2
    Foundation Size: 1,715 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Hot Water
    Parking Features: Detached Garage
    Road Frontage: City Street
    Exterior Material: Brick
    Roof Details: Architectural Shingle

    Rooms

    Laundry:
    • In Basement
    • In Unit

    Lot & Land

    Acres: 0.4
    Geolocation: 44.970408, -93.212021
    Lot Dimensions: 111 x 150
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Schools

    School District: 558
    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: $10,090
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $10,090

    Income

    Annual Gross Income: None

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer - In Street
    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 RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.