$400,000 Price Analysis    ♡   Minneapolis, MN 55418 12 bed 3 bath 3,256 SqFt ($122/SqFt) 6,970SqFt lot. Built 1904 Listed 2024-04-09, Taxes $6,181 | Ⓧ USDA Ineligible due to location near Minneapolis |
Back on the market financing fell through.
Incredible opportunity to own a fantastic income driven multifamily property in a prime location! Off central Ave NE and 27th in Minneapolis MN 12 single bedrooms rent separately for $350 monthly to generate more residual income with no hassle.
Please see the attached su pplement for detail income and expenses information. Roofing Material: 10 yers old and the seller replaced the boiler last two years. Note: information provided is accurate but not guarantee Buyer and buyers agent should verify. 12 hours required for showing.
Presented by James Amo at
Minnesota Realty Guide, Llc.
Property MLS #6515958 from NorthstarMLS
Heating Features: Boiler
Heating Fuel: Electric, Natural Gas
Cement Board
Stucco
Lot Description: Irregular Lot
Lot Size Acres: 0.16
Lot Size Dimensions: 6969.6 sqft
Lot Size Square Feet: 6970
Parking Features: Uncovered/Open
Garage Dimensions: 24 x 17
Garage Sqft: 408
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 1.00
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Hennepin
Directions: From 694 to central Ave NE heading south on central the property is located on the right by the used car sales.
Tax Year: 2024
Source Property Type: Multi-Family
Insurance Expense: 6248.61
Source Neighborhood: Holland
Owner Pays: Electric, Insurance, Maintenance/Repair, Snow, Taxes, Trash, Water/Sewer
Parcel Number: 1102924140003
Subdivision: Menages Sup To East Side Add
Trash Expense: 1.00
Zoning: Residential-Multi-Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $243,100 + $112,400 $355,500 | $6,181 |
| 2021 | $243,100 + $112,400 $355,500 | $5,954 |
| 2020 | $196,600 + $112,400 $309,000 | $5,613 |
| 2019 | $198,700 + $77,300 $276,000 | $5,164 |
| 2018 | $200,400 + $59,600 $260,000 | $4,927 |
| 2017 | $160,900 + $59,600 $220,500 | $4,297 |
| 2016 | $152,400 + $59,600 $212,000 | $4,268 |
| 2015 | $111,400 + $59,600 $171,000 | $3,644 |
| 2014 | $115,800 + $49,700 $165,500 | $3,793 |
| 2013 | $135,800 + $38,200 $174,000 | $4,004 |
| 2012 | $144,800 + $38,200 $183,000 | $4,099 |
| 2011 | $154,300 + $38,200 $192,500 | $4,116 |
| 2010 | $188,300 + $38,200 $226,500 | $4,227 |
| 2009 | $227,100 + $20,400 $247,500 | $4,654 |
| 2008 | $222,000 + $18,200 $240,200 | $4,110 |
| 2007 | $196,700 + $12,200 $208,900 | $3,735 |
$0
NorthstarMLS
Listed 2024-04-09
$400,000
NorthstarMLS
Price Changed 2023-11-03
$400,000
NorthstarMLS
Listed 2023-09-22
$450,000
NorthstarMLS
Operating Expense: 22452.04
Above Grade Finished Area: 2528
BelowGradeFinishedArea: 728
Foundation Area: 1424.00
Property Age: 120
Property Condition: Previously Owned
Levels or Stories: 2
Total Above Grade Sqft Area: 2528.00
Total Area Main: 2528.00
Total Below Grade Area: 728.00
Electric Expense: 3359.41
Sewer: City Sewer/Connected
Water Sewer Expense: 3504.00
Water Source: City Water/Connected
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.