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$1,600,000

8 Beds 2 / 1 Full / Half Baths 4,224 SQFT 0.21 Acres
Type: Multi-Family

1316 7th Street SE
Minneapolis, MN 55414

MLS#: 7025444
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: Edina Realty, Inc.

Property Description

 

Triplex: 12 unit house - located in the heart of Dinkytown. Rented as room for rent property. (Range $640-750). Property has lodging license. Offers a great option for student housing. 4 bedrooms on floor 1. 5 bedrooms on floor 2. 3 bedrooms on floor 3. Renovated 2022 (new roof, windows, siding & interior updating). Residents pay flat fee for utilities $100 monthly, $100 per month for parking on site, shared laundry in basement - 2 kitchens, 1st & 2nd floor. Opportunity for investors! Additional information in supplements.

 

Interior Features

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area4,224 sqft
BasementBlock, Full, Concrete, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
Foundation Dimensions22x64
FuelElectric, Natural Gas
Laundry FeaturesIn Basement

General

AccessibilityNone
Additional Parcels Y/NNo
Carport Spaces12
CityMinneapolis
ContingencyNone
CountyHennepin
Directions35W to University Ave right, left to 7th St SE
ElectricCircuit Breakers, 100 Amp Service
Electric Expense3600
Fuel Expense3180
Garage Spaces0
Gross Income128544
HeatingHot Water
High School DistrictMinneapolis
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area4,224 sqft
Lot Size UnitsSquare Feet
MaintenanceExpense2000
New ConstructionNo
Number Of Units Total3
Operating Expense0
OwnerPaysExterior Maintenance, Grounds Care, Insurance, Sewer, Snow Removal, See Remarks, Trash Collection, Water
PostalCityMinneapolis
Property SubtypeTriplex
Property TypeResidential Income
RoofAge 8 Years or Less, Asphalt, Pitched
SewerCity Sewer/Connected, City Sewer - In Street
Standard StatusActive
Tax Annual Amount$13,210
Tax Year2026
Tenant PaysOther, Parking Fee
Trash Expense3000
Water Sewer Expense3000
Year Built1910
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total5,632 sqft
Foundation Area1,408 sqft
Lot Dimensions55x165
Lot FeaturesPublic Transit (w/in 6 blks), Tree Coverage - Medium
Lot Size Area9,148 sqft
Parking FeaturesAsphalt, Parking Lot, More Parking Onsite for Fee
Road Frontage TypeCity Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Water SourceCity Water/Connected, City Water - In Street
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$1,600,000

8 Beds 2 / 1 Full / Half Baths 4,224 SQFT 0.21 Acres
Type: Multi-Family

1316 7th Street SE
Minneapolis, MN 55414

MLS#: 7025444
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800

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