2516 Humboldt AVE S, Minneapolis, MN 55405 - MLS#6706833

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Nick Leavy

EXIT Realty Metro

nick@ermetro.com +1(612) 236-5331

$995,000

Est. payment - /mo

8 Beds

6 Baths

6,398 SqFt

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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

Acres 0.18

Lot Dimensions 50x155

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

Direction Lake of the Isles Parkway to West 25th Street. East on West 25th St to Humboldt, South to Home.

Rooms

Basement Drainage System, Finished (Livable), Shared Access, Stone

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

Accessibility None

Porch Awning(s), Patio

Total Parking Spaces 4

Building

Lot Description Public Transit (w/in 6 blks)

Water City Water/Connected

Architectural Style (MF) Triplex

Structure Type Frame,Stone

Others

Senior Community No

Tax ID 3302924240095

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

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