456 Buchanan Street NE, Minneapolis, MN 55413

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1910
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1344
Above Ground SqFt: 2688
Below Grd Total SqFt: 1344
Total SqFt: 4032
Foundation Size: 1344
Style: (MF) Four Plex
Total Finished Sqft: 2688.00
Garage Stalls: 5
Lot Dimensions: 39.30 X 131.00
Acres: 0.12
Assessment Pending: No

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned Basement: Other Construction Materials: Frame Construction Status: Previously Owned Exterior: Stucco Foundation: Other Fuel: Natural Gas Heating: Boiler Lock Box Type: Combo Owner Pays: Gas; Insurance; Lawn; Repairs; Sewer; Trash Collection; Water Rental License Type: Standard Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Cable TV; Electricity Unit 3 Cooling: None Unit 4 Cooling: None Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 519000
ListPrice: 519000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 456
Street Name: Buchanan
Street Suffix: Street
Street Direction Suffix: NE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55413
Complex/Dev/Subdivision: Ramsey Lockwood & Others Add St Anth

Assessments

Tax With Assessments: 8872
Assessment Balance: 0

Basement

Foundation Dimensions: 48x28
Other: Yes

More Information

Building Information

Finished SqFt Above Ground: 2688

Income and Expenses

Annual Electric Expense: 500
Annual Fuel Expense: 2769
Annual Gross Expenses: 18365
Annual Gross Income: 48000
Annual Insurance Expense: 2481
Annual Maintenance Expense: 1000
Annual Net Income: 29635
Annual Trash Expense: 2000
Annual Water/Sewer Expense: 2131
Total Annual Expenses: 18635
Annual Caretaker Expense: 0
Annual Repair Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 750

Public Survey Info

Range#: 24
Section#: 13
Township#: 29

Unit 1

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 1000
Finished SqFt: 672
Full Baths: Yes
Monthly Rent: 1000
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit 2

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 950
Finished SqFt: 588
Full Baths: Yes
Monthly Rent: 950
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 3

Unit 3

Furnished?: No
Leased?: Yes
Unit Number: 3
Annual Rent: 1050
Finished SqFt: 672
Full Baths: Yes
Monthly Rent: 1050
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 4

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 4
Annual Rent: 1000
Finished SqFt: 588
Full Baths: Yes
Monthly Rent: 1000
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit Details

Total Units: 4

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 001 BLOCK 015 RAMSEY LOCKWOOD & OTHERS ADDN ST ANTH
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 3853
Property ID Number: 1302924340007
Tax Year: 2025
Tax Amount: 8571
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Classic four-unit property with Northeast character in a prime 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. 2 × 2 Bed / 1 Bath Units 2 × 1 Bed / 1 Bath Units Current Rent Roll (Fully Occupied, Low Turnover): Unit 1 (2BR/1BA) – $1,000 Unit 2 (1BR/1BA) – $950 Unit 3 (2BR/1BA) – $1,050 Unit 4 (1BR/1BA) – $1,000 Building Improvements: Roof: New in 2017 Boiler: New in 2013 Plumbing: PEX Uponor, 2013 Water Heaters: Replaced in 2013 Operating Expense Taxes: $9,381 Water + Solid Waste: $4,131 Insurance: $2,481 Gas : $2,769 Electric: $500
Directions: southwest corner of Buchanan St NE and Spring St NE

Accessible

None: Yes

Amenities Shared

Coin-op Laundry Owned: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Exterior

Stucco: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Lock Box Type

Combo: Yes

Owner Pays

Gas: Yes
Insurance: Yes
Lawn: Yes
Repairs: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Rental License Type

Standard: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Tenant Pays

Broadband: Yes
Cable TV: Yes
Electricity: Yes

Unit 3 Cooling

None: Yes

Unit 4 Cooling

None: Yes