509 6th Street Southeast

Minneapolis, MN 55414

$699,995
Price
—
Beds
7,225 Sq. Ft.
$97 / Sq. Ft.
7,225
Sq. Ft.
$97
per Sq. Ft.

Description

This triplex is a rare find with potential to increase rental income within the marcy-holmes neighborhood - a popular university of minnesota off-campus housing area! Built in 1916, newly refinished hardwood floors, interior paint, lovely sunrooms, large
driveway for off-street parking, newer roof & gutters. All units rented with strong possibilities to increase rent roll after current leases expire. Each unit comes with appliances and in-unit laundry machines. Walkable to parks, restaurants and the
...This triplex is a rare find with potential to increase rental income within the marcy-holmes neighborhood - a popular university of minnesota off-campus housing area! Built in 1916, newly refinished hardwood floors, interior paint, lovely sunrooms, large
driveway for off-street parking, newer roof & gutters. All units rented with strong possibilities to increase rent roll after current leases expire. Each unit comes with appliances and in-unit laundry machines. Walkable to parks, restaurants and the university of mn.
  1. Listed by Stepping Stone Brokers LLC • Ross G Lumley

Property Details for 509 6th Street Southeast

Neighborhood
Marcy Holmes
Subdivision Name
Mill Cos Add To St Anthony Falls
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 12/03/2024 12:01 PM

Property Details for 509 6th Street Southeast

StatusActive
MLS #6559981
Days on Compass167
Taxes$11,319 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1916
Lot Size0.25 AC / 10,890 SF
CountyHennepin County

Building Information for 509 6th Street Southeast

Stories-Residences3Year Built1916Building Size-Lot Size0.25 AC / 10,890 SF

Property Information for 509 6th Street Southeast

Summary
Location and General Information
  • City Name: Minneapolis
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: From University Ave SE, go North on 5th Ave SE, then East on 6th Street SE
  • Latitude: 44.987537
  • Longitude: -93.246015
  • 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
  • Topography: Level
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 2402924230091
  • Tax Annual Amount: $11,319.00
  • Tax Legal Description: LOT 004 BLOCK 024 MILL COS ADDN TO ST ANTHONY FALLS
  • Tax Other Annual Assessment Amount: $720.00
  • Tax Year: 2023
  • Tax With Assessments: 12306.0000
School Information
  • High School District: 1 - Minneapolis
  • School District Number: 1
  • School District Phone: 612-668-0000
Property
Lot Information
  • Above Grade Fin SQFT: 5825.0
  • Below Grade Fin SQFT: 1400.0
  • SQFT Total: 7225.0
  • Lot Size Area: 0.25
  • Lot Size Dimensions: 66 x 125
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • SQFT Main Total: 1600.0000
  • Building Area Total: 5950.0
  • Above Grade SqFt Total: 4350.0000
  • Below Grade SqFt Total: 1600.0000
Property and Assessments
  • Age Of Property: 108
Utilities
  • Electric: Circuit Breakers
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Association Amenities: Deck
  • Fencing: Partial
  • Foundation Area: 1600.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
  • Roof: Age 8 Years or Less
Interior Features
  • Basement Type: Egress Window(s), Finished
  • DP Resource: Y
  • Heating: Boiler
  • Levels: More Than 2 Stories
  • Number of Refrigerator: Three
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 2
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 516.00
  • Unit Rooms Total: 12
  • Unit SqFt: 3000
  • Unit Type Actual Rent: $2,250.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 6
  • Unit Type Units Total: 1
  • Unit Level: Multi-Level
  • Unit Type Total Rent: 27000
  • Unit Furnished: No
Unit 2
  • Unit Amenities: Walk-In Closet
  • Unit Appl: Dishwasher,Dryer,Gas Water Heater,Microwave,Range
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 516.00
  • Unit Rooms Total: 7
  • Unit SqFt: 1600
  • Unit Type Actual Rent: $1,999.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Units Total: 1
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 23988
  • Unit Furnished: No
Unit 3
  • Unit Appl: Dishwasher,Dryer,Gas Water Heater,Microwave,Range
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 516.00
  • Unit Rooms Total: 6
  • Unit SqFt: 1225
  • Unit Type Actual Rent: $1,600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Unit Level: 3rd Level
  • Unit Type Total Rent: 19200
  • Unit Furnished: No

Property History for 509 6th 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 509 6th Street Southeast

Taxable ValueLand$203,000Additions$500,000Total$703,000
Tax Record2023$11,962 ($997 / month)
Home Facts
Baths4Total Finished SqFt4,225 SqFtAbove Grade Finished SqFt4,225 SqFtStories3Lot Size10,890 SqFtStyleTriplexYear Built1916ZoningR2BCountyHENNEPINAPN24-029-24-23-0091Fireplace TypeHas Fireplace

Schools near 509 6th Street Southeast

This home is within Minneapolis Public School Dist..
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Webster Elementary
PublicPK to 5

Northeast Middle School
Public6 to 8

Edison Senior High School
Public9 to 12

Marcy Elementary
PublicPK to 5

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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509 6th Street Southeast is a multi-family home for sale in Minneapolis, MN 55414. This property was listed for sale on June 26, 2024 by Stepping Stone Brokers LLC, it's currently listed at $699,995. This listing's school district is Minneapolis Public School Dist.. Nearby schools include Webster Elementary, Northeast Middle School and Edison Senior High School. 509 6th Street Southeast is a 0-bed, 0-bath, 7,225 sqft multi-family home built in 1916.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Stepping Stone Brokers LLC

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 12/03/2024 12:01 PM