$1,600,000

1316 7th Street SEMinneapolis, MN 55414

Type: Multi-Family

3 Units

Description

Triplex: 12 unit house - located in the heart of Dinkytown. Rented as room for rent property. (Range $640-750). Property has lodging license. Offers a great option for student housing. 4 bedrooms on floor 1. 5 bedrooms on floor 2. 3 bedrooms on floor 3. Renovated 2022 (new roof, windows, siding & interior updating). Residents pay flat fee for utilities $100 monthly, $100 per month for parking on site, shared laundry in basement - 2 kitchens, 1st & 2nd floor. Opportunity for investors! Additional information in supplements.

MLS ID: 7025444

Directions: 35W to University Ave right, left to 7th St SE

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Property Details

Essential Details

MLS #: 7025444

Listing courtesy of: Edina Realty, Inc.

Price: $1,600,000

Type: Multi-Family

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Total Units: 3

Annual Gross Income: $128,544

Annual Misc. Income: $24,102

Monthly Misc. Income: $1,200

Annual Electric Expense: $3,600

Annual Fuel Expense: $3,180

Annual Maintenance Expense: $2,000

Annual Annual Expense: $3,000

Annual Water/Sewer Expense: $3,000

Tenant Pays: Other, Parking Fee

Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Sewer, Snow Removal, See Remarks, Trash Collection, Water

Parking Features: Asphalt, Parking Lot, More Parking Onsite for Fee

Building Details

Owner Occupied: Yes

Finished SqFt Total: 4,224

Finished Above Grade: 4,224

Fireplace: No

AccessibilityFeatures: None

Roof: Age 8 Years or Less, Asphalt, Pitched

Heating: Hot Water

Electric: Circuit Breakers, 100 Amp Service

Style: Triplex

Foundation Area: 1,408

Sewer: City Sewer/Connected, City Sewer - In Street

Water Source: City Water/Connected, City Water - In Street

Present Use: Yearly

Number of Refrigerators: Two

Lot Details

Lot Dimensions: 55x165

Road Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer

School Information

District: Minneapolis

District Number: 558

District Phone: 6126680000

Community Information

County: Hennepin

Survey Range: 24

Survey Section: 24

Survey Township: 29

Taxes

Tax Year: 2026

Tax Amount: $13,210

Assessment Pending: No

Taxes w/Assessments: $13,210

This listing was last updated by Edina Realty, Inc. on 2/27/2026 at 2:25 pm.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 3/18/2026 6:25 am.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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