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Rodney P. Schimmel

rod@wrintegrity.com +1(612) 387-5718

$ 699,000

Est. payment | -/mo

4 Beds

4 Baths

2,564 SqFt

Save

$ 699,000

Est. payment | -/mo

Save

4 Beds

4 Baths

2,564 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,564 sqft

Price per Sqft $272

Subdivision Motor Line Add

MLS Listing ID 7129459

Bedrooms 4

Year Built 1900

Annual Tax Amount $9,383

Tax Year 2026

Contingent None

Lot Size 5,662 Sqft

Lot Dimensions 46 x 124

Property Sub-Type Fourplex

Property Description

Opportunity to acquire a four-unit multifamily property offering approximately 2,564 SF of living space on a 5,663 SF lot. Built in 1900, the property has benefited from significant capital improvements, including new windows, siding, four water heaters, and four forced air furnaces, along with recent appliance and furnishing upgrades. The property features three 1-bedroom/1-bath units and one studio, all with private entrances, updated kitchens, and flexible furnished configurations. All four units are currently occupied and operating as furnished short-term rentals through airbnb, providing an established rental history and immediate income-producing use, while offering flexibility for short, medium, or long-term rental strategies. The property presents an opportunity for both an investor seeking an established multifamily asset and an owner-occupant looking to live in one unit while generating rental income from the remaining units. Off-street parking and shared outdoor space further enhance the property's appeal.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Fireplace No

Exterior

Parking Features On-Street Parking Only

Fence Full, Wood

Building

Story Two

Foundation 1340

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

Listed by Patrick Corbett • Strata Real Estate Resources

Nearby Locations

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Rodney P. Schimmel

Broker/Owner/Relocation GRI | Lic# 40069244

rod@wrintegrity.com

+1(612) 387-5718

12 Bridge Sq. Ste. 203, Anoka, MN 55303, USA

3043 Grand AVE S Minneapolis, MN 55408

Rodney P. Schimmel

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

3043 Grand AVE S