For Sale: Minneapolis MLS# 7016299
Active
$1,100,000
Commercial: 2 Stories
9 br • 6 ba • Built 1919
0.14 acres
MLS# 7016299
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Property Description
This beautifully updated multi-family property has been completely renovated from top to bottom, offering a rare combination of modern finishes, efficient systems, and low ongoing operating costs. Every unit has been thoughtfully redesigned to meet today’s tenant and owner-occupant expectations, making this an outstanding long-term investment.
Each unit features brand-new kitchens with modern cabinetry, countertops, and appliances, along with fully renovated bathrooms finished with clean, contemporary materials. In-unit laundry has been added to every residence, a highly desirable amenity that increases rental appeal and reduces tenant turnover.
Unlike many older multi-family properties, this building offers separate forced-air furnaces and central air conditioning systems for each unit, allowing individual climate control and simplifying maintenance. Tenants are responsible for their own gas and electric, significantly reducing owner expenses and providing predictable, efficient operations.
With updated systems throughout, a new owner will benefit from low utility costs, minimal deferred maintenance, and reduced repair risk, creating a true plug-and-play investment. Whether you are a seasoned investor looking to add a stabilized asset to your portfolio or an owner-occupant seeking to offset your housing costs with rental income, this property checks all the boxes.
The combination of a full renovation, modern amenities, separate utilities, and strong rental demand makes this a rare opportunity in today’s market. Turn-key, low-maintenance, and built for cash flow, this is the kind of asset that performs well both now and long term.
Add this exceptional property to your portfolio today. Great DSCR Loan Option.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,100,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1919
State:
MN
Property Style:
2 Stories
Zip Code:
55407
Neighborhood/Area:
64
Subdivision Name:
Bloomington Ave Add
Interior
Bedrooms:
9
Bathrooms:
6
Flooring:
Luxury Vinyl Tile, Wood
Refrigerators:
Six or More
Appliances Included:
- Dishwasher
- Dryer
- Electric Water Heater
- Gas Water Heater
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliances
- Washer
Basement Details:
- Egress Window(s)
- Finished
- Full
- Storage/Locker
Exterior
Stories:
Two
Garage Spaces:
2
Air Conditioning:
Central Air
Foundation Size:
5,000 ft2
Fencing:
Privacy
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Concrete
- Detached Garage
Unit Amenities:
- Hardwood Floors
- Kitchen Window
- Washer/Dryer Hookup
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Pool:
None
Roof Details:
- Age Over 8 Years
- Rubber
Lot & Land
Acres:
0.14
Geolocation:
44.938449, -93.252821
Inclusions:
Building, Leases
Lot Dimensions:
123 x 50
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Fuel Expense:
None
Tenant Expenses:
Broadband, Cable TV, Electricity, Gas, Heat, Hot Water, Telephone
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$13,782
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$13,782
Income
Annual Gross Income:
$117,000
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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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 BuyRentSell.com, LLC.
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.