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$399,900

2 Beds 4 Baths 2,658 SQFT 0.12 Acres
Type: Multi-Family

2721 Columbus Avenue
Minneapolis, MN 55407

MLS#: 7140287
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: Keller Williams Realty Integrity Lakes

Property Description

 

Excellent opportunity for an owner-occupant or investor in this four-unit Minneapolis residential income property. Unit #1 is now vacant, providing the option for a buyer to move in while generating income from the remaining units. The property consists of one 1-bedroom units, one 1-bedroom + Den/2nd bedroom unit, and two studio units, each with a full bath and kitchens. The largest unit #3 is the largest and has a den which could be used as a 2nd bedroom! Units feature hardwood floors, natural woodwork, solid-surface countertops, ranges, and refrigerators. The shared full basement provides additional storage along with free laundry for residents. Four (4) detached single-stall garages provide valuable off-street parking and may be leased separately for additional income potential. Major recent improvements include a new electrical main, new boiler, and new roofs on both the house and garages. Conveniently located near public transit, neighborhood businesses, dining, parks, and downtown Minneapolis.


 

Interior Features

Bedrooms

Total Bedrooms2

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area2,658 sqft
BasementFull, Shared Access, Storage/Locker, Storage Space, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Square Feet800
Laundry FeaturesLower Level

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesLaundry, Other, Security Lighting
CityMinneapolis
ContingencyNone
CountyHennepin
Directions26th to Columbus, S to property.
ElectricCircuit Breakers, 200+ Amp Service
Electric Expense0
Fuel Expense1642
Garage Spaces4
Gross Income40080
HeatingBoiler
High School DistrictMinneapolis
Insurance Expense3738
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area2,658 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income16330
New ConstructionNo
Number Of Units Total4
Operating Expense11650
OwnerPaysGas, Sewer, Taxes, Trash Collection, Water
PostalCityMinneapolis
Property SubtypeFourplex
Property TypeResidential Income
RoofAge 8 Years or Less
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameWoodburn Add
Tax Annual Amount$5,916
Tax Year2025
Tenant PaysCable TV, Electricity, Telephone
TopographyLevel
Trash Expense0
Water Sewer Expense6270
Year Built1906

Exterior

Building Area Total3,936 sqft
FencingChain Link, Wood
Foundation Area2,700 sqft
Lot Dimensions42x123
Lot FeaturesPublic Transit (w/in 6 blks), Tree Coverage - Medium
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Multiple Garages, Storage
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

$399,900

2 Beds 4 Baths 2,658 SQFT 0.12 Acres
Type: Multi-Family

2721 Columbus Avenue
Minneapolis, MN 55407

MLS#: 7140287
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800