1316 7th Street SE, Minneapolis, MN 55414 (MLS# 7025444)


$1,600,000
1316 7th Street SE
Minneapolis, MN 55414
MLS# 7025444
8 beds  |  3 baths  |  5632 sqft


1316 7th Street SE, Minneapolis, MN 55414
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Property 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.

Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 1600000
Original List Price: 1600000
ListPrice: 1600000
List Date: 2026-02-25
Owner is an Agent?: Yes
Auction?: No
General Property Information
# Carport Spaces: 12
Lot Measurement: Square Feet
Multiple PIDs?: No
Owner Occupied: Yes
Waterfront YN: No
Year Built: 1910
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 8
Baths Total: 3
Main Floor Total SqFt: 1408
Above Ground SqFt: 4224
Below Grd Total SqFt: 1408
Total SqFt: 5632
Foundation Size: 1408
Lot Size SqFt: 9148
Style: (MF) Triplex
Total Finished Sqft: 4224.00
Power Company: Xcel Energy
Lot Dimensions: 55x165
Assessment Pending: No
Location Tax and Other Information
House Number: 1316
Street Name: 7th
Street Suffix: Street
Street Direction Suffix: SE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Assessments
Tax With Assessments: 13210
Basement
Foundation Dimensions: 22x64
Building Information
Finished SqFt Above Ground: 4224
Income and Expenses
Annual Electric Expense: 3600
Annual Fuel Expense: 3180
Annual Gross Income: 128544
Annual Maintenance Expense: 2000
Annual Trash Expense: 3000
Annual Water/Sewer Expense: 3000
Misc Monthly Income: 1200
Misc. Annual Income: 24102
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 24
Township#: 29
Unit 1
Furnished?: No
Leased?: No
Unit Number: 1
# of Fireplaces: 1
Finished SqFt: 1480
Full Baths: 1
Monthly Rent: 750
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 4
Total Rooms: 6
Unit 2
Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 2
# of Fireplaces: 1
Finished SqFt: 1480
Monthly Rent: 750
No. of Units Like This: 1
Total Bedrooms: 1
Total Rooms: 12
Unit 3
Furnished?: No
Leased?: Yes
Unit Number: 3
# of Fireplaces: 1
1/2 Baths: 1
3/4 Baths: 1
Finished SqFt: 782
Monthly Rent: 750
No. of Units Like This: 1
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 3
Unit Details
Total Units: 3
Property Features
Accessible: None
Basement: Concrete Block; Unfinished
Construction Status: Previously Owned
Electric: 100 Amp Service; Circuit Breakers
Existing Financing: Conventional
Exterior: Cement Board
Foundation: Stone
Fuel: Electric; Natural Gas
Heating: Hot Water
Internet Options: Fiber Optic
Laundry: In Basement
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Medium
Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Lawn; See Remarks; Sewer; Snow Removal; Trash Collection; Water
Parking Characteristics: Parking Lot
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights
Roof: Age 8 Years or Less; Asphalt Shingles; Pitched
Sellers Terms: Cash; Conventional; Conventional Rehab
Sewer: City Sewer - In Street; City Sewer/Connected
Tenant Pays: Parking Fee; Other
Unit 1 Amenities: Countertops-Solid Surface; City View; Hardwood Floors; Kitchen Window; Porch
Unit 1 Appliances: Dryer; Range; Refrigerator; Washer
Unit 1 Bath Description: Main Floor Full Bath; Upper Level Full Bath
Unit 1 Fireplace Char: Wood Burning
Unit 1 Special Search: Main Floor Bedroom; Renovated; 3 BR on One Level; 4 BR on One Level; All Living Fac. on One Level
Unit 2 Bath Description: Upper Level Full Bath
Unit 2 Dining Room Description: Eat In Kitchen
Unit 2 Fireplace Char: Primary Bedroom
Unit 2 Special Search: 4 BR on One Level
Unit 3 Amenities: City View
Unit 3 Bath Description: Upper Level 3/4 Bath
Unit 3 Fireplace Char: Wood Burning
Unit 3 Special Search: 3 BR on One Level
Water: City Water - In Street; City Water/Connected

Listing Office: Edina Realty, Inc.

Last Updated: August - 31 - 2026

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. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Saturday 17th of October 2026 06:43 PM

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