Minneapolis, MN 55413 1601 Buchanan Street NE
$479,900
24 more
Presented By: Coldwell Banker Realty
Beds • 5
Baths • 4
SQFT • 2,577
Garage • 2
Home Details
Corner lot overlooking Northeast Athletic Park. Property is across the street from Jim Lupient Water Park. Season Pass is only $50. South facing views of Park and lots of open space. One and half story featuring two bedroom unit upstairs, two one bedroom units on main floor, and one one bedroom unit down. Some leases are gross so current owner pays utilities, because of the meter configuration. Rents are not reflective of current market rates. Couple tenants been there 20-30 years. Most leases are month to month, except one goes to end November. Need lots of notice show. Drive by 1st.
Presented By: Coldwell Banker Realty
Interior Features for 1601 Buchanan Street NE
Bedrooms
Total Bedrooms5
Bathrooms
Total Baths4
Other Interior Features
Above Grade Finished Area2077
BasementFull, Storage Space
Basement (Y/N)Yes
Below Grade Finished Area500
FuelNatural Gas
Garage Dimensions22x22
Garage Square Feet484
Laundry FeaturesCommon Area
General for 1601 Buchanan Street NE
AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCoin-op Laundry Owned
CityMinneapolis
ContingencyInspection
CountyHennepin
DirectionsJohnson ST NE - 18th Ave NE - Buchanan South
ElectricCircuit Breakers, Fuses
Electric Expense1501
Fuel Expense2240
Garage Spaces2
Gross Income43440
HeatingForced Air, Other
High School DistrictMinneapolis
Insurance Expense1896
Land Lease Y/NNo
Lender OwnedNo
LevelsOne and One Half
Living Area2577
Lot Size UnitsAcres
MaintenanceExpense1
Net Operating Income25285
New ConstructionNo
Number Of Units Total4
Operating Expense18155
OwnerPaysElectricity, Gas, HVAC Maintenance, Insurance, Repairs, Management, Sewer, Taxes, Trash Collection, Water
PostalCityMinneapolis
Property SubtypeTriplex
Property TypeResidential Income
RoofAge Over 8 Years, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHonnettes Add
Tax Annual Amount9676.14
Tax Year2026
Tenant PaysSee Remarks
TopographyLevel, Solar Oriented
Trash Expense1
Water Sewer Expense3161
Year Built1956
Zoning DescriptionResidential-Multi-Family
Exterior for 1601 Buchanan Street NE
Building Area Total2577
Foundation Area1432
Lot Dimensions55.75x125
Lot FeaturesPublic Transit (w/in 6 blks), Corner Lot
Lot Size Area0.16
Parking FeaturesDetached Garage
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Additional Details
Price History
John Wichmann
Agent