For Sale: Minneapolis MLS# 6681542
Active Contingent
$525,000
Multi-family: Triplex
Built 1886
3,000 sqft • 0.1 acres
Minneapolis schools
MLS# 6681542
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Property Description
Welcome to this beautifully updated triplex located in the Lyndale neighborhood of Minneapolis. Featuring two well maintained units on the main level and a massive upper-level unit, each thoughtfully renovated with modern kitchens, stylish bathrooms, updated appliances, and fresh paint throughout. The lower two units are currently occupied by reliable, month-to-month tenants, providing immediate rental income with flexibility for future plans. Brand new coin laundry in the basement only adds to this income potential. Whether you're an investor looking for a solid cash-flowing property or an owner-occupant seeking to offset your mortgage with rental income, this triplex is a perfect fit. Located in a sought-after area near local shops, restaurants, parks, and easy transit options, this property blends convenience with long-term value. Don't miss out on this great turn-key investment opportunity. Plan your tour of this new listing today!
Listing
Listing Status:
Active Contingent
Contingency:
Other
List Price:
$525,000
Price per sq ft:
$175
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1886
State:
MN
Property Style:
Triplex
Zip Code:
55408
Neighborhood/Area:
Lyndale
Subdivision Name:
Motor Line Add
Interior
Finished Area:
3,000 ft2
Living Area:
3,000 ft2
Ranges:
Three
Refrigerators:
Three
Basement Details:
- Shared Access
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,600 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Radiant
Parking Features:
On-Street Parking Only
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
Stucco
Lot & Land
Acres:
0.1
Geolocation:
44.944905, -93.283378
Lot Dimensions:
45 x 99
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Cable TV
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,835
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,835
Income
Annual Gross Income:
$62,400
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Keller Williams Realty Integrity Lakes.
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.