For Sale: Minneapolis MLS# 7019992
Active
$2,200,000
Multi-family: More Than 2 Stories
14 br • 8 ba • Built 1920
10,181 sqft • 0.31 acres
MLS# 7019992
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Property Description
Elegant and iconic, this four-story, all-brick estate offers over 10, 000 square feet of beautifully finished interior space. Each unit spans two thoughtfully renovated floors, featuring tasteful finishes and carefully selected design details tailored to today’s most discerning buyers.
Ideally situated just four blocks from Lake of the Isles and Kenwood Park in one direction, and The Walker Art Center and Sculpture Garden in the other, the home is also surrounded by charming dining and shopping options. Enjoy the convenience of being just five minutes from both Downtown and Uptown.
Each duplex unit has the potential to generate $6, 000 per month in rental income. Choose owner occupancy to reduce your taxes while rental income from the second unit helps offset your mortgage.
A private lower-level office provides an ideal space for remote work. Elegant and iconic, this four-story, all-brick estate offers 11, 795 square feet (including common areas) of beautifully finished interior space. Each unit spans two thoughtfully renovated floors, featuring tasteful finishes and carefully selected design details tailored to today’s most discerning buyers. Ideally situated just four blocks from Lake of the Isles and Kenwood Park. Property is on large corner lot and is zoned to up to nine units for a tear down/new build.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,200,000
Price per sq ft:
$216
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1920
State:
MN
Property Style:
More Than 2 Stories
Zip Code:
55403
Neighborhood/Area:
46
Subdivision Name:
Summit Park Add
Interior
Bedrooms:
14
Bathrooms:
8
Finished Area:
10,181 ft2
Living Area:
10,181 ft2
Refrigerators:
Three
Basement Details:
Full
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
4
Garage Dimensions:
39x21
Garage Size:
831 ft2
Foundation Size:
3,039 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Hot Water
Parking Features:
- Detached Garage
- Tandem Garage
Shared Amenities:
Other
Road Frontage:
- City Street
- Curbs
- Other
- Sidewalks
Roof Details:
Asphalt
Rooms
Laundry:
- In Unit
- Main Level
- Other
- Upper Level
Lot & Land
Acres:
0.31
Geolocation:
44.964664, -93.297275
Lot Dimensions:
100 x 135
Zoning:
Residential-Multi-Family
Lot Description:
- Irregular Lot
- Tree Coverage - Light
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$6,000
Annual Electric Expense:
$1,200
Annual Fuel Expense:
$5,400
Annual Insurance Expense:
$5,100
Annual Maintenance Expense:
$1,800
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,800
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$25,081
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$25,081
Income
Annual Gross Income:
$14,800
Rent
Annual Net Income:
$94,900
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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 Lakes Sotheby's International.
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.