1112 Lake Street
Minneapolis, MN 55407

  • 0.11acres
Pending Sale $950,000
Est. P&I payment: $3628.36/mo
1112 Lake Street, Minneapolis, MN 55407
  • 1112 Lake Street, Minneapolis, MN 55407 Photo 1
  • 1112 Lake Street, Minneapolis, MN 55407 Photo 2
  • 1112 Lake Street, Minneapolis, MN 55407 Photo 3
  • 1112 Lake Street, Minneapolis, MN 55407 Photo 4
Description for 1112 Lake Street, Minneapolis, MN 55407
Leases are month to month for the new owner to re-negotiate the terms, most of the tenant are solid and long term tenant. Multiple lots. The building have an open basement.
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My Notes for MLS #4884833

General Features

  • Acres: 0.11
  • Current Use: Business Service,​Professional Service
  • Foreclosure Status: No
  • Year Built: 1911
  • Sale Includes: Building,​Land
  • Total Number of Units: 11
  • Status: Pending

Exterior Features

  • Exterior: Brick/Stone
  • Parking Characteristics: Attached Garage,​Uncovered/Open
  • Road Frontage: City
  • Lot Description: Corner Lot
  • Lot Dimensions: 45 x 114
  • Garage Stalls: 32

Interior Features

  • Building Finished Square: 8,052
  • Handicap Accessible: None
  • Basement: Full
  • Roof: Flat

Utilities Features

  • Air Conditioning: Central
  • Heating: Forced Air
  • Fuel: Natural Gas
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Electric Expense: 7,851
  • Annual Fuel Expense: 2,204
  • Annual Insurance Expense: 4,694
  • Annual Maintenance Expense: 4,200
  • Annual Gross Expense: 28,085.77
  • Annual Trash Expense: 1,828
  • Annual Water/Sewer Expense: 4,298
  • Tenant Expenses: Janitorial
  • Unit 1 Monthly Rent: 1,400
  • Unit 2 Monthly Rent: 1,200
  • Unit 3 Monthly Rent: 1,200
  • Unit 4 Monthly Rent: 1,000
  • Unit 5 Monthly Rent: 900
  • Unit 6 Monthly Rent: 900
  • Unit 7 Monthly Rent: 800
  • Annual Net Income: 74,014.23
  • Tax Amount: 26,629
  • Tax Year: 2016
  • Annual Gross Income: 117,000

Community Features

  • County: Hennepin
  • Municipality: Minneapolis
  • Postal City: Minneapolis (MN)
  • Neighborhood: Midtown Phillips

School Features

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Misc Features

  • Amenities - Unit: None
  • Foundation Size: 2,684
  • Zoning: Business/Commercial
  • Lender Owned: No
  • Potential Short Sale: No


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The listing information for 1112 Lake Street, Minneapolis, MN 55407 was graciously provided by our friends at the listing brokerage, Better Homes and Gardens Real Estate - All Seasons

Get Financing for 1112 Lake Street, Minneapolis, MN 55407

Waterstone Mortgage Corporation
Josh Hennesy
701 Washington Ave North Ste 525
Minneapolis, MN 55401
612.716.1187 Mobile
612.234.4284 Fax
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P&I Payment $3628.36
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Last Updated 04/25/2018 at 5:14am
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