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$525,000
Est. payment /mo
9 Beds
3 Baths
3,052 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Contingent
Purchase Type For Sale
Square Footage 3,052 sqft
Price per Sqft $172
Subdivision The Erastus Byers Add
MLS Listing ID 7024111
Bedrooms 9
Year Built 1894
Annual Tax Amount $6,926
Tax Year 2025
Contingent Subject to Financing
Lot Size 4792.000 Acres
Lot Dimensions 40x123
Property Sub-Type Triplex
Property Description
Rare opportunity to acquire a tri-plex with below-market financing! 2.5% ASSUMABLE LOAN – SAVE $700-$800/MO/$9000 ANNUALLY vs today's rates. Buyer can assume approx. $432K at 2.5% creating a dramatically lower monthly payment than current market financing. Additional income from coin-operated laundry. Major capital improvements including NEW ROOF (2025), new sewer line (2024), updated electrical, boiler and chimney brought up to code. Fully rented triplex with separate gas and electric, hardwood floors, abundant natural light, basement storage, on-site laundry, PRIVATE OFF-STREET PARKING, and a backyard space. Located 2 blocks from 66-acre Powderhorn Park (with central lake, recreational facilities and trails) and 3 miles from downtown Mpls, offers walkability to local cafes, restaurants, and shops which supports consistent tenant demand. Showings require 24 hour notice.
Location
State MN
County Hennepin
Rooms
Basement Block, Storage Space
Interior
Heating Baseboard, Boiler
Fireplace No
Laundry In Basement, Common Area
Exterior
Parking Features Shared Driveway
Building
Story More Than 2 Stories
Foundation 1166
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories More Than 2 Stories
New Construction false
Schools
School District Minneapolis
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Listed by Melanie Swensen • Edina Realty, Inc.
NEARBY SCHOOLS & PROPERTIES
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