318 7th Avenue NE, Minneapolis, MN 55413 (MLS# 7064181)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 950
Above Ground SqFt: 1900
Total SqFt: 1900
Foundation Size: 950
Style: (MF) Triplex
Total Finished Sqft: 1900.00
Garage Stalls: 2
Lot Dimensions: 40x132
Acres: 0.12
Assessment Pending: Unknown
Below Grd Total SqFt: 0

Property Features

Accessible: None Basement: Full Construction Status: Previously Owned Exterior: Stucco; Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Lock Box Type: Combo Owner Pays: Sewer; Taxes; Trash Collection Roof: Asphalt Shingles Sewer: City Sewer/Connected Stories: Two Tenant Pays: Cable TV; Electricity; Fuel; Heat; Lawn; Water Unit 1 Bath Description: Main Floor Full Bath Unit 2 Bath Description: Upper Level 3/4 Bath Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 475000
ListPrice: 475000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 318
Street Name: 7th
Street Suffix: Avenue
Street Direction Suffix: NE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55413

Assessments

Tax With Assessments: 5983
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1900

More Information

Income and Expenses

Annual Gross Income: 43200
Annual Trash Expense: 600
Annual Water/Sewer Expense: 1320
Total Annual Expenses: 1920
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 20x15
Garage Square Feet: 300

Unit 1

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 16800
Finished SqFt: 900
Full Baths: Yes
Monthly Expense: 53
Monthly Rent: 1400
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 7

Unit 2

Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: 2
3/4 Baths: Yes
Annual Rent: 15600
Finished SqFt: 900
Monthly Expense: 53
Monthly Rent: 1300
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 7

Unit 3

Furnished?: No
Leased?: Yes
Unit Number: 3
Annual Rent: 10800
Finished SqFt: 500
Full Baths: Yes
Monthly Expense: 53
Monthly Rent: 900
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 3

Unit Details

Total Units: 3

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: BLOCK 005 TOWN OF ST ANTHONY NELY 40 FT OF SWLY 65 FT LOTS 6 AND 7
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Country: US
Property ID Number: 1402924310162
Tax Year: 2025
Tax Amount: 5983
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Well cared for triplex in the heart of NE Mpls. Walk to Boom Island, the Mississippi riverfront, and the breweries, restaurants, and galleries Northeast is known for. All three units are in great condition with newer mechanicals, newer roof, and updated kitchens. Great opportunity to house hack and build equity from day one. Minimum 24-hour notice required for all showings.
Directions: University to 7th, east. Home on right.

Accessible

None: Yes

Basement

Full: Yes

Construction Status

Previously Owned: Yes

Exterior

Stucco: Yes
Wood: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

Combo: Yes

Owner Pays

Sewer: Yes
Taxes: Yes
Trash Collection: Yes

Roof

Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Fuel: Yes
Heat: Yes
Lawn: Yes
Water: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 2 Bath Description

Upper Level 3/4 Bath: Yes

318 7th Avenue NE, Minneapolis, MN 55413

Overview

Description

Listing Details MLS# 7064181