Property Listing
Description
Four-unit property with Northeast character in a great location of the Beltrami neighborhood. Grocery stores, restaurants, breweries, and the University of Minnesota all in close proximity. All units are currently rented month-to-month with long-term tenants in place. The property includes two 2-bedroom units on the upper floor and two 1-bedroom units on the main level. Unit 1 was originally a neighborhood storefront during the roaring ’20s, adding a colorful chapter of local history to the property. Additional income opportunities include rent growth, RUBS implementation, monetizing the 5 garage spaces, and pet rent (building is dog-friendly). Large lot with yard adds further tenant appeal. Unit 1 - 672 sqft (1BR/1BA) – $1,000 Unit 2 - 588 sqft (1BR/1BA) – $950 Unit 3 - 672 sqft (2BR/1BA) – $1,050 Unit 4 - 588 sqft (2BR/1BA) – $1,000 Building Improvements: Roof: New in 2017 Garage Roof: New 2026 Boiler: New in 2013 Plumbing: PEX, 2013 Water Heaters: Replaced in 2013 Operating Expense Taxes: $9,381 Water + Solid Waste: $4,131 Insurance: $2,481 Gas : $2,769 Electric: $500
Property Information
Status: Active
Sub Type: ********
List Price: $519,000
MLS#: 7087862
Current Price: $519,000
Address: 456 Buchanan Street NE, Minneapolis, MN 55413
City: Minneapolis
State: MN
Postal Code: 55413
Geo Lat: 44.994954
Geo Lon: -93.240084
Subdivision: Ramsey Lockwood & Others Add St Anth
County: Hennepin
Property Description
Year Built: 1910
Lot Size SqFt: 5227.2
Gen Tax: 8872
Specials Inst: 0
High School: Minneapolis
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 4032
Style: Array
Total Bedrooms: 1
Total Bathrooms: 1
Total Full Baths:
Garage Type:
Garage Stalls: 5
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: