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$875,000

12 Beds 4 Baths 4,464 SQFT 0.12 Acres
Type: Multi-Family

3101 E 24th Street
Minneapolis, MN 55406

MLS#: 7096745
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: Engel & Volkers Minneapolis

Property Description

 

Spacious fourplex in the Seward neighborhood! This massive fourplex has a true 3 bed and 1 bath each unit going from front to back! Both main level units have their own separate front & back entry. Each unit has their own front porch/balcony. Upper units share the back balcony. All units have the same floor plan and mirror each other. Each unit has access to control their own heat! It's how the boiler system was set up. Updates such as paint and some newer appliances installed to units through new ownership . Tons of parking in the back that can fit at least 8 cars. Coin-op washer, and free newer dryer to replace previous coin-op. Tenants are on year long leases and have renewed. All 4 units have 3 bedrooms and 1 full bathroom each! 3 storage units in the basement along with a huge owners storage unit. All units are fully leased!


 

Interior Features

Bedrooms

Total Bedrooms12

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area4,464 sqft
BasementBlock, Full, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Laundry FeaturesIn Basement

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCoin-op Laundry Owned, Patio
CityMinneapolis
Construction MaterialsConcrete
ContingencyNone
CountyHennepin
DirectionsI-94 to Riverside Ave exit then head south to Franklin, turn left the right on 31st Ave S, then left on E 24th to property on corner.
ElectricCircuit Breakers
Electric Expense300
Fuel Expense4500
Garage Spaces0
Gross Income86850
HeatingBoiler
High School DistrictMinneapolis
Insurance Expense4000
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area4,464 sqft
Lot Size UnitsAcres
MaintenanceExpense400
Net Operating Income74450
New ConstructionNo
Number Of Units Total4
Operating Expense0
OwnerPaysHot Water, Taxes, Trash Collection, Water
PostalCityMinneapolis
Property SubtypeFourplex
Property TypeResidential Income
RoofAsphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameRgt Falls City Addn-Blks E-F-G-H-T &U
Tax Annual Amount$12,457
Tax Year2025
Tenant PaysElectricity, Gas, Heat
Trash Expense1350
Water Sewer Expense1350
Year Built1905
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total6,696 sqft
FencingNone
Foundation Area2,232 sqft
Lot Dimensions40x134
Lot FeaturesCorner Lot
Lot Size Area0 sqft
Parking FeaturesAssigned, Gravel, Parking Lot
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

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

  

Similar Properties

$875,000

12 Beds 4 Baths 4,464 SQFT 0.12 Acres
Type: Multi-Family

3101 E 24th Street
Minneapolis, MN 55406

MLS#: 7096745
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800