5531 Maryland Avenue N, Minneapolis, MN 55428

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1979
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Above Ground SqFt: 2756
Below Grd Total SqFt: 3044
Total SqFt: 5800
Foundation Size: 3044
Style: (MF) Four Plex
Total Finished Sqft: 5536.00
Garage Stalls: 8
Lot Dimensions: 128 x 188
Acres: 0.55
Assessment Pending: No
Main Floor Total SqFt: 0

Property Features

Accessible: None Amenities Shared: Patio; Other Assumable Loan: Not Assumable Basement: Full; Single Tenant Access; Storage Space Construction Materials: Block; Brick; Frame Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Brick/Stone; Stucco Fencing: None Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Internet Options: Cable Laundry: Electric Dryer Hookup; Gas Dryer Hookup; Laundry Room; Lower Level; Sink; Washer Hookup Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light Owner Pays: Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Lawn; Maintenance/Repair; Management; Repairs; Roof Maintenance; Snow Removal; Taxes; Trash Collection Parking Characteristics: Garage Door Opener Pool Description: None Rental License Type: Standard Road Frontage: City Street; Curbs; Paved Streets Roof: Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Tenant Pays: Broadband; Cable TV; Electricity; Gas; Insurance; Sewer; Telephone; Water Topography: Level Unit 1 Amenities: Ceiling Fan(s); Kitchen Window; Natural Woodwork; Patio; Tile Floors; Washer/Dryer Hookup Unit 1 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Unit 1 Bath Description: Upper Level Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Eat In Kitchen Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 929900
ListPrice: 899900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 5531
Street Name: Maryland
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55428
Complex/Dev/Subdivision: Church View Estates

Assessments

Tax With Assessments: 11668
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2756
Finished SqFt Below Ground: 2780

More Information

Income and Expenses

Annual Gross Expenses: 21297
Annual Gross Income: 77940
Annual Insurance Expense: 6930
Annual Maintenance Expense: 1800
Annual Trash Expense: 901
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Repair Expense: 0
Annual Water/Sewer Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 19 x 20
Garage Square Feet: 1520
Garage Door Opener: Yes

Public Survey Info

Range#: 21
Section#: 05
Township#: 118

Unit 1

Furnished?: No
Leased?: Yes
Level: Multi-Level
Unit Number: Yes
Annual Rent: 19800
Finished SqFt: 1694
Full Baths: Yes
Monthly Rent: 1650
No. of Units Like This: 4
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 4

Unit Details

Total Units: 4

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 002 BLOCK 001 CHURCH VIEW ESTATES
Listing City: New Hope
Map Page: 91
Municipality: New Hope
School District: Robbinsdale
School District Phone: 763-504-8000
Property ID Number: 0511821340076
Tax Year: 2025
Tax Amount: 11668
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Fantastic opportunity to own a turn-key, fully rented four-plex conveniently located in a great New Hope neighborhood. This property feels more like four townhomes rather than your typical 4-plex. Renter pays gas, electric, water and sewer. All units have separate utilities and meters. Property has a common backyard and two patios shared by two units. Don't miss this fantastic opportunity for a great income producing investment property!
Directions: Bass Lake Road to Maryland Avenue, South on Maryland Avenue to home.

Accessible

None: Yes

Amenities Shared

Patio: Yes
Other: Yes

Assumable Loan

Not Assumable: Yes

Basement

Full: Yes
Single Tenant Access: Yes
Storage Space: Yes

Construction Materials

Block: Yes
Brick: Yes
Frame: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Exterior

Brick/Stone: Yes
Stucco: Yes

Fencing

None: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Internet Options

Cable: Yes

Laundry

Electric Dryer Hookup: Yes
Gas Dryer Hookup: Yes
Laundry Room: Yes
Lower Level: Yes
Sink: Yes
Washer Hookup: Yes

Lot Description

Public Transit (w/in 6 blks): Yes
Tree Coverage - Light: Yes

Owner Pays

Exterior Maintenance: Yes
Grounds Care: Yes
HVAC Maintenance: Yes
Insurance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Management: Yes
Repairs: Yes
Roof Maintenance: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes

Patio, Porch and Deck Features

Patio: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Topography

Level: Yes

Water

City Water/Connected: Yes

No. of Ranges

Four: Yes

No. of Refrigerators

Four: Yes

Tenant Pays

Broadband: Yes
Cable TV: Yes
Electricity: Yes
Gas: Yes
Insurance: Yes
Sewer: Yes
Telephone: Yes
Water: Yes

Unit 1 Amenities

Ceiling Fan(s): Yes
Kitchen Window: Yes
Natural Woodwork: Yes
Patio: Yes
Tile Floors: Yes
Washer/Dryer Hookup: Yes

Unit 1 Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Bath Description

Upper Level Full Bath: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Dining Room Description

Eat In Kitchen: Yes