For Sale: Minneapolis MLS# 6642232
Active
$899,000
Condo/Townhome: Low Rise (3- Levels)
Built 1886
0.06 acres
Minneapolis schools
MLS# 6642232
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Property Description
Welcome to this unique and historic Elliott Park Brownstone located in the heart of downtown Minneapolis.
This stunning property offers a rare opportunity to own a fully functioning short term rental business
with two 2-bedroom units and one 1-bedroom unit, each with a 4.8 star rating on Air BNB.
The property features a rooftop deck (Unit 3 Only) with sweeping views of the city, perfect for
entertaining or relaxing after a long day. The basement has the potential to be converted into a fourth
rental unit, providing even more income potential for the savvy investor.
Enjoy the privacy of your own backyard oasis, a rare find in the bustling downtown area. With three
off-street parking spaces, parking will never be an issue for you or your guests.
This brownstone underwent a full gut remodel in 2008, blending modern amenities with historic charm. Walk
to US Bank Stadium, theaters, restaurants, and more from this ideal location.
Don't miss your chance to own this one-of-a-kind property in a prime downtown location. Schedule a
showing today and make this unique brownstone your own!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$899,000
Property Type:
Condo/Townhome
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1886
State:
MN
Property Style:
Low Rise (3- Levels)
Zip Code:
55404
Neighborhood/Area:
Elliot Park
Subdivision Name:
Mattisons 3rd Add
Interior
Ranges:
Three
Refrigerators:
Three
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Block
- Partial
Exterior
Garage Spaces:
0
Other Parking Spaces:
3
Foundation Size:
1,108 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Gravity
Parking Features:
Open
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.06
Geolocation:
44.971312, -93.264553
Inclusions:
Building, Business, Leases
Lot Dimensions:
110 x 22
Zoning:
Business/Commercial
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Electric Expense:
$180
Annual Fuel Expense:
$1,200
Annual Insurance Expense:
$4,416
Annual Maintenance Expense:
$900
Annual Gross Expense:
$11,724
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$6,174
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,197
Income
Annual Gross Income:
$86,000
Rent
Annual Net Income:
$74,280
Units
Total Units:
3
Miscellaneous
Current Use:
Commercial
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 First Select.
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.