521 SE 6th Street
Minneapolis, MN 55414

Multi-Family
  • 3units
  • 8beds
  • 0.25acres
  • 6,702sq ft
Pending Sale $625,000
Est. P&I payment: $2387.08/mo
521 SE 6th Street, Minneapolis, MN 55414
  • 521 SE 6th Street, Minneapolis, MN 55414 Photo 1
  • 521 SE 6th Street, Minneapolis, MN 55414 Photo 2
  • 521 SE 6th Street, Minneapolis, MN 55414 Photo 3
  • 521 SE 6th Street, Minneapolis, MN 55414 Photo 4
  • 521 SE 6th Street, Minneapolis, MN 55414 Photo 5
  • 521 SE 6th Street, Minneapolis, MN 55414 Photo 6
Share  
Description for 521 SE 6th Street, Minneapolis, MN 55414
Beautiful 1916 property on one of the most appealing streets in the neighborhood. Only two owners since 1916. Huge potential to raise rents to match the area. Perfect for Owner/Relative occupied situation, qualifying for Homestead tax deduction.
Tour This Property In Person
Request a Showing
 

My Notes for MLS #4917441

General Features

  • Propery Type: MF
  • Total Number of Units: 3
  • Year Built: 1916
  • Acres: 0.25
  • Foreclosure Status: No
  • Lender Owned: No
  • Lot Dimensions: 66x165
  • Status: Pending
  • Style: (MF) Triplex

Exterior Features

  • Exterior: Stucco
  • Parking Characteristics: Detached Garage
  • Garage Stalls: 3
  • Roof: Asphalt Shingles,​Pitched,​Age Over 8 Years

Interior Features

  • Total Finished Square Footage: 6,702
  • Handicap Accessible: None
  • Basement: Full
  • Above Ground Finished SqFt: 5,902
  • Below Ground Finished SqFt: 800
  • Unit 1 Bath Full: 1
  • Unit 1 Total Baths: 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplace Location/Charac: Living Room,​Brick
  • Unit 1 Number of Units: 1
  • Unit 1 Total Rooms: 8
  • Unit 1 Finished Square Footage: 1,613
  • Unit 2 Full Bath: 1
  • Unit 2 Total Baths: 1
  • Unit 2 Number of Bedrooms: 3
  • Unit 2 Number of Units: 1
  • Unit 2 Finished Square Footage: 1,613
  • Unit 3 Full Baths: 1
  • Unit 3 Total Baths: 1
  • Unit 3 Bedrooms: 2
  • Unit 3 Number of Units: 1

Utilities Features

  • Water: City Water/Connected
  • Fuel: Natural Gas
  • Heating: Steam
  • Number of Ranges: Three
  • Number of Refrigerators: Three
  • Sewer: City Sewer/Connected

Financial Features

  • Annual rent: 18,360
  • Annual Gross Income: 44,669
  • Annual Fuel Expense: 2,239
  • Annual Insurance Expense: 5,322
  • Annual Maintenance Expense: 4,557
  • Annual Gross Expense: 29,414
  • Total Annual Expenses: 29,414
  • Annual Water/Sewer Expense: 1,070
  • Unit 1 Monthly Rent: 1,530
  • Unit 2 Annual Rent: 17,400
  • Unit 2 Monthly Rent: 1,450
  • Unit 3 Annual Rent: 9,360
  • Unit 3 Monthly Rent: 780
  • Tax Amount: 9,680
  • Tax With Assessments: 9,680
  • Tax Year: 2017
  • Tenant Expenses: Electric,​Cable T.V.

Community Features

  • Municipality: Minneapolis
  • County: Hennepin
  • Neighborhood: Marcy Holmes
  • Postal City: Minneapolis (MN)

School Features

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Misc Features

  • Construction Status: Previously Owned
  • Foundation Size: 1,840
  • Homestead: No
  • Potential Short Sale: No

Location

 
Street View Not Available
Directions to 521 SE 6th Street, Minneapolis, MN 55414
University Ave. to 6th Ave. S.E. Turn left (north) onto 6th Ave. S.E. & go three blocks to 6th St. S.E. Turn left onto 6th St. S.E. Property is second on the right.
The listing information for 521 SE 6th Street, Minneapolis, MN 55414 was graciously provided by our friends at the listing brokerage, MN Brokerage Group LTD

Get Financing for 521 SE 6th Street, Minneapolis, MN 55414

Waterstone Mortgage Corporation
Josh Hennesy
701 Washington Ave North Ste 525
Minneapolis, MN 55401
612.716.1187 Mobile
612.234.4284 Fax
Request Mortgage Information
($ or %)
%
P&I Payment $2387.08
Request More Listing Information
Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Metro's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Metro, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Copyright 2018 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than EXIT Realty Metro are marked with the Broker Reciprocity SM logo or the Broker Reciprocity SM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

View EULA | View Digital Millennium Copyright Act (DMCA) Notice
Last Updated 04/23/2018 at 11:39pm
Agent Login    |    Powered by Onjax
Create Free Account or
Chris Deutsch
By using our site, users agree
to the terms and privacy policy
Equal Housing Opportunity Realtor MLS
Sign-In or