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456 Buchanan Street NE, Minneapolis, MN 55413

Status: Sold

4 units
2,688 sq ft 5 garage spaces

$419,363

$59,050 from List Price

WELCOME HOME

Get to know this property.

Four-unit property with Northeast character in a great location of the Beltrami neighborhood. Grocery stores, restaurants, breweries, and the University of Minnesota all in close proximity. All units are currently rented month-to-month with long-term tenants in place. The property includes two 2-bedroom units on the upper floor and two 1-bedroom units on the main level. Unit 1 was originally a neighborhood storefront during the roaring ’20s, adding a colorful chapter of local history to the property. Additional income opportunities include rent growth, RUBS implementation, monetizing the 5 garage spaces, and pet rent (building is dog-friendly). Large lot with yard adds further tenant appeal. Unit 1 - 672 sqft (1BR/1BA) – $1,000 Unit 2 - 588 sqft (1BR/1BA) – $950 Unit 3 - 672 sqft (2BR/1BA) – $1,050 Unit 4 - 588 sqft (2BR/1BA) – $1,000 Building Improvements: Roof: New in 2017 Garage Roof: New 2026 Boiler: New in 2013 Plumbing: Supply lines, PEX, 2013 Water Heaters: Replaced in 2013 Operating Expense Taxes: $9,381 Water + Solid Waste: $4,131 Insurance: $2,481 Gas : $2,769 Electric: $500

The details that matter.

General Property Information for 456 Buchanan Street NE, Minneapolis, MN 55413 - MLS# 7087862
Bedrooms and Bathrooms
Total Bedrooms:
6
Total Bathrooms:
4
Size and Multi Family Residence
Year Built:
1910
Type of Property:
Multi Family Residence
Style:
Fourplex
Stories/Levels:
2 Story
Total SqFt:
2,688
Total Fnsh'd SqFt:
2,688
Above Ground SqFt:
2,688
Finished Above Grade:
2,688
Below Ground SqFt:
1,344
Finished Below Grade:
0
Garage Stalls:
5
Garage SqFt:
800
Main Floor SqFt:
1,344
Approx Lot Dimensions:
39.30 X 131.00
Approx Number of Acres:
0.12
Income and Expenses
Gross Income:
$48,000
Total Expenses:
$0

A closer look at the location.

Southwest corner of Buchanan St NE and Spring St NE

This listing has been entered by the following office: Lifestyles

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the Broker Reciprocity or the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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