409 7th Street Southeast

409 7th Street Southeast

Minneapolis, MN 55414

$431,900
Price
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Description

Large Lot with 5-unit apartment property located in the Marcy Holmes neighborhood near the University of MN. Total of 8 rental rooms, one 3-Bed, one 2-Bed, one 1-Bed and 2 Studio units. Units are in good condition and the roof was replaced in 2023. Large lot provides highly desired off-street parking and an opportunity for future redevelopment. Located near the U of MN, this property has been a solid rental for many years. Easy access to downtown Minneapolis via Hennepin and Central Avenues and HWY...Large Lot with 5-unit apartment property located in the Marcy Holmes neighborhood near the University of MN. Total of 8 rental rooms, one 3-Bed, one 2-Bed, one 1-Bed and 2 Studio units. Units are in good condition and the roof was replaced in 2023. Large lot provides highly desired off-street parking and an opportunity for future redevelopment. Located near the U of MN, this property has been a solid rental for many years. Easy access to downtown Minneapolis via Hennepin and Central Avenues and HWY 35w. Listed below assessed value. Gross Potential Income: $56,000.
  1. Listed by Metro Group Real Estate

Property Details for 409 7th Street Southeast

Neighborhood
Marcy Holmes
Subdivision Name
Auditors Sub 028
Zoning Jurisdiction
Residential-Multi-Family

Location

Listing Courtesy of Metro Group Real Estate
Add your commute
LISTING UPDATED: 04/19/2024 09:04 PM

Property Details for 409 7th Street Southeast

StatusActive
MLS #6508584
Days on Compass33
Taxes$7,585 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1900
Lot Size0.21 AC / 9,147 SF
CountyHennepin County

Location

Listing Courtesy of Metro Group Real Estate
Add your commute

Building Information for 409 7th Street Southeast

Stories-Residences5Year Built1900Lot Size0.21 AC / 9,147 SF

Payment Calculator

$2,989 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,357

Property Taxes

$632

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 409 7th Street Southeast

Summary
Location and General Information
  • City Name: Minneapolis
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: Follow I-35W N to Minneapolis. Take exit 18 from I-35W N. Follow SE 4th St and 5th Ave SE to 7th St SE.
  • Latitude: 44.989094
  • Longitude: -93.246674
  • Map Coordinate: 106-E2
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Minneapolis
  • City and Location Text: Minneapolis(MN)
  • Postal Code: 55414
  • State Or Province: MN
  • Public Survey Township: 29
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 2402924220011
  • Tax Annual Amount: $7,585.00
  • Tax Legal Description: LOT 028 AUDITOR'S SUBD. NO. 028 COM ON SWLY LINE OF LOT 28 AT A PT DIS 40 FT NWLY FROM MOST SLY COR OF SAID LOT THENCE NWLY ALONG SWLY LINE 54 FT THENCE NELY AT RT ANGLES 166 7/10 FT THENCE SELY PARALLEL WITH SAID SWLY LINE 54 FT THENCE SWLY TO BEG
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2023
  • Tax With Assessments: 7585.0000
School Information
  • High School District: 1 - Minneapolis
  • School District Number: 1
  • School District Phone: 612-668-0000
Property
Lot Information
  • Current Use: Residential
  • Lot Size Area: 0.21
  • Lot Size Dimensions: 54.00 X 166.00
  • Lot Size Units: Acres
  • Property Sub Type: Apartment
  • Property Type: Commercial Sale
  • Building Area Total: 3548.0
Property and Assessments
  • Age Of Property: 124
Utilities
  • Sewer: City Sewer - In Street
  • Utilities: Electric Common, Heating Common
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1572.0
  • Fuel: Natural Gas
Interior Features
  • Garage Dimensions: 0
  • Garage Door Height: 0
  • Garage Door Width: 0
  • Garage Square Feet: 0
  • Heating: Forced Air
  • Basement YN: No

Property History for 409 7th Street Southeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 409 7th Street Southeast

Taxable ValueLand$107,600Additions$363,500Total$471,100
Tax Record2023$7,585 ($632 / month)
Home Facts
Total Finished SqFt2,560 SqFtAbove Grade Finished SqFt2,560 SqFtStories2Lot Size9,148 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningR5CountyHENNEPINAPN24-029-24-22-0011

Schools near 409 7th Street Southeast

This home is within Minneapolis Public School Dist..
Rating
School
Type
Grades
Distance
Webster Elementary
Public - PK to 5
Northeast Middle School
Public - 6 to 8
Edison Senior High School
Public - 9 to 12
Marcy Open Elementary School
Public - K to 8
Rating
School
Distance
Webster Elementary
PublicPK to 5

Northeast Middle School
Public6 to 8

Edison Senior High School
Public9 to 12

Marcy Open Elementary School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 409 7th Street Southeast, Minneapolis, MN 55414

409 7th Street Southeast is for sale in Minneapolis, MN 55414. This property was listed for sale on March 25, 2024 by Metro Group Real Estate, it's currently listed at $431,900. It has been on the market for a total of 33 days and was last sold on November 29, 2004. This listing's school district is Minneapolis Public School Dist.. Nearby schools include Webster Elementary, Northeast Middle School and Edison Senior High School. 409 7th Street Southeast is a 0-bed, 0-bath, built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Metro Group Real Estate

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 04/19/2024 09:04 PM