Address
2744 Fremont Avenue S, Minneapolis, MN
Price
$ 795,000
Property Attributes
  • ID#6252482
  • TypeMulti-Family
  • CountyHENNEPIN
  • CityMinneapolis
  • Zip55408
  • StyleQuadruplex
  • Year Built1900
  • Taxes$ 10530
  • Price$ 795,000
  • Bedrooms5
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3473
  • Lot Size3,485 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description

Perfectly located, newly updated, and fully occupied 4-Plex has been updated for easy management and lowered expenses. At over 6,000/mo in gross revenue this Uptown complex has: new garage roof and paint, new fence, split electric, new landscaping, heat controlled in basement by owner, 8 parking spaces(including detached garage), located on alley for easy trash pick up.. and there is a large unfinished attic to add value. Great and low maintenance tenants. One block from the Greenway, four blocks from Lake of the Isles, off busy streets, and in a quiet neighborhood. Steps to the grocery store, lakes, restaurants, nightlife, bike trails, and all things Minneapolis Lakes Lifestyle. Recent high-rise now on the same block. Please contact for list of updates and financial breakdown. Cap Rate: 6%. Unit Mix: • 1 – Studio – 600 SqFt, $920. • 1 - One BD, One BA - 900 SqFt., $1350 • 1 – One BD, One Den, One BA – 800 SqFt, $1225 • 1 – Three BD, One BA – 1200 Sq, $2220

Price History
8/23/2022 Listed $795,000

General Features

Accessibility None
Additional Parcels Y/N No
Association Amenities Coin-op Laundry Owned, Concrete Floors & Walls
Basement Partially Finished, Shared Access, Single Tenant Access, Storage Space
City Minneapolis
Construction Materials Stucco
Contingency None
County Hennepin
Directions South on Hennepin from I-94, East of 28th st W. North on Fremont Ave. Building on west side of street.
Fuel Expense 2051
Garage Spaces, Detached Garage 2
Grossincome 72480
Heating Forced Air
High School District Minneapolis
Insurance Expense 2200
Lender Owned No
Levels Three Level Split
New Construction No
Ownerpays Insurance, Janitorial Service, Taxes, Trash Collection, Water
Property SubType Quadruplex
Property Type Residential Income
Roof Asphalt
Sewer City Sewer/Connected
Standard Status Active
Street Name Fremont
Tax Annual Amount 10530
Tax Year 2022
Tenant Pays Cable TV, Electricity, Fuel, Other
Total Units 4
Trash Expense 1553
Water Sewer Expense 2300
Year Built 1900
Zoning Description Residential-Multi-Family

Interior Features

Above Grade Finished Area 2652
Below Grade Finished Area 821
Fireplace Y/N No
Fuel Natural Gas
Garage Square Feet 720
Green Certified Status Pending
SQFT Above Ground Total 2652.0000
SQFT Below Ground Total 1200.0000
SQFT Main Total 1178.0000
SQFT Total 3852.00
Street Suffix Avenue

Exterior Features

Living Area 3473
Foundationarea 1200
Lot Dimensions 5227
Lot Size Area 0.08
Lot Size Units Square Feet
Parking Features Assigned, Detached, Garage Door Opener, Paved, Storage
Water Source City Water/Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 55408

Price
AVG $580K
$800K
Taxes
AVG $7,968
$10,530
Visits
AVG 54
32
Year Built
AVG 1905
1900
Walkscore
AVG 86
95
Data Provided by Walkscore ® not using MLS data

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