1416 California Street NE

8 Unit Multifamily in NE Minneapolis - Fully Occupied

Rare opportunity to own two 4-unit buildings on one PID in the heart of NE Minneapolis. Each unit features 2 bedrooms, 1 bath, living room, eat-in kitchen, and a private rear-facing balcony. Tenants pay their own heat and electric.

Amenities include coin-op laundry and a large rear parking lot (12+ cars). Recent upgrades: aluminum-wrapped windows, updated cornices/fascia, vinyl window replacements, and stained glass accents. Located on a quiet street near the arts district, restaurants, and cafes. Contract for Deed Terms are welcome.

4,800 Sq.Ft. LIVING AREA

0.29 Acres lot

Linda Alter

title REALTOR®
PHONE (651) 248-6060
EMAIL [email protected]
DRE # 40459468

Features & Amenities

Area & Lot

Status For Sale
Living Area4,800 Sq.Ft.
Lot Area0.29 Acres
MLS® ID6678935
TypeCommercial
YEAR BUILT1905
NeighborhoodMinneapolis
School DistrictMinneapolis

Exterior

STORIES2
water SourceCity Water/Connected, Shared System
utilitiesElectric Separate, Heating Separate
roofAge Over 8 Years
parkingParking Lot
HEAT TYPEForced Air, Space Heater
AIR CONDITIONINGWindow Unit(s)
sewerCity Sewer/Connected
Disability FeaturesNone
HOA AmenitiesCoin-op Laundry Owned

Financial

Sales Price$999,000
Real Estate Tax $12,092/yr
Maintenance Fee $8,000/mo

Through the years, many windows have been replaced with Vinyl, some piano windows have been replaced with stained glass.
– Linda Alter

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