2516 Humboldt AVE S Active Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55405
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,398 sqft
Price per Sqft $155
Subdivision Lake Of The Isles Add
MLS Listing ID 6706833
Style (MF) Triplex
Bedrooms 8
Year Built 1905
Annual Tax Amount $18,309
Lot Size 7,840 Sqft
Property Description
Beautifully maintained, legal, (and properly licensed) triplex built in 1905 with central air in every unit and a detached, 4-car garage. Excellent natural light in every room as well as original hardwood floors throughout each spacious unit make this property a "must see to believe". This is a turnkey property as an investor or homeowner - there is no deferred maintenance on exterior, interiors, or mechanicals. Charming details abound in every room highlighting the craftsmanship of this classic home - original moldings, French doors, built-in china cabinets, window casings, and tucked away secret spacious closets. Floors 1 and 2 have 3 bedrooms/2 baths per unit including primary bedrooms with walk-in closets and en suite bathrooms. Floor 3 has 2 bedrooms, 1 full bath w/soaking tub, vaulted ceilings, skylights, and a bright and sunny 10'4" x 9'3" office. Every kitchen in each unit has a dishwasher. The shared finished basement is unusually large and bright with good ceiling height, and features a shared laundry room, a community/rec room, a 3/4 bath, and a tenant storage area. The property contains a total of 8 bedrooms and 6 bathrooms. See the Floor Plan for more details.
Located in the East Isles neighborhood, the property is just 3 blocks off Lake of the Isles and 1 block from Joanne R. Levin Park with convenient access to many local shops and restaurants including Kowalski's Market. Personally managed for the last 18 years by an owner focused on diligent maintenance, the property has attracted long-term tenants and rents quickly on the rare occasions a unit becomes available. A few of the recent thoughtful improvements include newer appliances, fresh interior paint, a new roof in 2023, and a sustainable, low maintenance clover yard was installed in 2024. Whether you keep the current tenants in place or move in yourself don't miss out on a rare opportunity to own this exceptional property. See the 3-D Tour on the Virtual Tour link for an immediate, online walk-thru viewing of the basement and Unit 1 and Unit 3 of the property. Detailed owner revenue and expense history available to qualified buyers. PRE-APPROVED BUYERS ONLY PLEASE as property is fully leased/occupied and no open houses are scheduled.
Location
State MN
County Hennepin
Community Lake Of The Isles Add
Interior
Heating Baseboard,Boiler,Forced Air,Hot Water
Laundry Common Area,Gas Dryer Hookup,In Basement,Laundry Room,Sink,Washer Hookup
Exterior
Parking Features Detached Garage,Driveway - Asphalt,Driveway - Shared,Garage Door Opener,Storage
Garage Spaces 4.0
Roof Type Age 8 Years or Less,Architectural Shingle,Asphalt Shingles,Pitched
Building
Lot Description Public Transit (w/in 6 blks)
Water City Water/Connected
Structure Type Frame,Stone
Others
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA
Virtual Tour https://tours.spacecrafting.com/n-fwpypz