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349 15th Ave NE, Minneapolis, MN, 55413

5beds
4baths
3,060sqft
$599,000
$196price/sqft
$4,653/moest. monthly cost
$186,120/yrincome needed

About This Home

The perfect addition or start to your portfolio is here! This all-brick, 1958 built triplex features a rare 3-bedroom, 2-bathroom unit spanning the entire main floor, plus two 1-bedroom, 1-bathroom units on the upper level. All units have been nicely updated with stainless steel appliances, stone countertops, dishwasher in each unit, and numerous other improvements to ensure peak rental income. Currently generating almost $60k in annual income with room to grow. Coin laundry is available for shared use by all units. The roof, mechanicals, and windows are all in great condition and on the newer side, ensuring stress-free management and lower CapEx concerns. Located in the heart of NE Minneapolis, one of the most sought-after rental locations in the city ensures lower vacancy and turnover from day one.

Getting Around

85
WalkingVery Walkable
47
TransitSome Transit
98
BikeBiker's Paradise

Schools

2/10
1/10
Northeast Middle SchoolGrades 6-81.9 mi
4/10
Edison Senior High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1958

Materials

  • Roof: Age 8 Years or Less,Asphalt,Pitched
  • Construction materials: Brick,Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: Triplex

Interior

Appliances

  • Laundry features: Coin-op Laundry Owned

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4

Features

  • Finished area below ground: 0
  • Finished area above ground: 2,748

Heating

  • Heating features: Hot Water

Interior Area

  • Total structure area: 3,060
  • Total interior livable area: 3,060 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 1402924210003
  • Zoning description: Residential-Multi-Family
  • Foundation area: 1570

Features

  • Levels: Two
  • Pool features: None
  • Fencing: None
  • Topography of land: Level

Lot

  • Lot size: 4,680 sqft
  • Features: Tree Coverage - Light
  • Lot size dimensions: 72 x 65

Parking

  • Parking features: Concrete,Open
  • Has uncovered spaces: Yes