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$695,000
Est. payment /mo
2 Beds
3 Baths
2,696 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,696 sqft
Price per Sqft $257
Subdivision Moulton Heights
MLS Listing ID 7166676
Bedrooms 2
Year Built 1922
Annual Tax Amount $12,468
Tax Year 2026
Contingent None
Lot Size 4,356 Sqft
Lot Dimensions 34x126
Property Sub-Type Fourplex
Property Description
Incredible opportunity to own a well-maintained, four-unit mixed-use building in Northeast Minneapolis. Operate your business on the main floor while rental income from the rest of the building helps offset ownership costs. Located on high-traffic Johnson St NE, the property offers excellent street visibility, convenient access to the Quarry Shopping Center and local restaurants, and direct transit service to downtown. A large rear parking lot provides convenient parking for tenants and clients. The main-floor office suite is available for immediate occupancy, with rent paid through February 2027—offering flexibility to move your business in or re-lease the space for additional income. An established salon occupies the adjoining commercial space under a lease through 2030 and reimburses a portion of taxes and utilities. Upstairs, two one-bedroom, one-bathroom apartments are occupied by long-term tenants. The basement adds ample tenant storage, coin-operated laundry, and additional income from month-to-month storage rentals.
Location
State MN
County Hennepin
Zoning Business/Commercial,Residential-Multi-Family
Rooms
Basement Full
Interior
Heating Forced Air, Hot Water
Fireplace No
Laundry Lower Level
Exterior
Parking Features Parking Lot, Unassigned, Open
Building
Story Two
Foundation 1288
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Minneapolis
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Listed by Alexander Anderson • Compass
Nearby School & Business
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