456 Buchanan Street NE, Minneapolis, MN 55413
- $499,950
- 6
- BD
- 4
- BA
- 2,688
- SqFt
- List Price
- $499,950
- Price Change
- ▼ $19,050 1783488732
- MLS#
- 7087862
- Status
- SUBJECT TO FINANCING
- Type
- Multifamily
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 2,688
- Acres
- 0.12
- Subdivision
- Ramsey Lockwood & Others Add St Anth
- Neighborhood
- 4
- Year Built
- 1910
Property Description
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: 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
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Additional Information
- School District
- Minneapolis
- Tax Year
- 2025
- Fuel
- Natural Gas
- Lot Description
- Corner Lot
- Sewer
- City Sewer - In Street
- Roof
- Flat
- Heating
- Radiator, Radiant
- Water
- City Water - In Street
- Basement
- Block
- Parking
- Detached Garage
- Garage Spaces
- 5
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Listing courtesy of Lifestyles.
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