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$519,000
Est. payment /mo
1 Bed
1 Bath
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 $193
Subdivision Ramsey Lockwood & Others Add St Anth
MLS Listing ID 7087862
Bedrooms 1
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
Four-unit property with Northeast character in a great 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.
Additional income opportunities include rent growth, RUBS implementation, monetizing the 5 garage spaces, and pet rent (building is dog-friendly). Large lot with yard adds further tenant appeal.
Unit 1 - 672 sqft (1BR/1BA) – $1,000
Unit 2 - 588 sqft (1BR/1BA) – $950
Unit 3 - 672 sqft (2BR/1BA) – $1,050
Unit 4 - 588 sqft (2BR/1BA) – $1,000
Building Improvements:
Roof: New in 2017
Garage Roof: New 2026
Boiler: New in 2013
Plumbing: PEX, 2013
Water Heaters: Replaced in 2013
Operating Expense Taxes: $9,381 Water + Solid Waste: $4,131 Insurance: $2,481 Gas : $2,769 Electric: $500
Additional income opportunities include rent growth, RUBS implementation, monetizing the 5 garage spaces, and pet rent (building is dog-friendly). Large lot with yard adds further tenant appeal.
Unit 1 - 672 sqft (1BR/1BA) – $1,000
Unit 2 - 588 sqft (1BR/1BA) – $950
Unit 3 - 672 sqft (2BR/1BA) – $1,050
Unit 4 - 588 sqft (2BR/1BA) – $1,000
Building Improvements:
Roof: New in 2017
Garage Roof: New 2026
Boiler: New in 2013
Plumbing: PEX, 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 Block
Interior
Heating Radiator, Radiant
Fireplace No
Laundry In Basement
Exterior
Parking Features Detached Garage
Garage Spaces 5.0
Roof Type Flat
Building
Lot Description Corner Lot
Story Two
Foundation 1344
Sewer City Sewer - In Street
Water City Water - In Street
Level or Stories Two
New Construction false
Schools
School District Minneapolis
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Listed by Alexander Jasko • Lifestyles
NEARBY SCHOOL & BUSINESS
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