$2,125,000
MLS# 7027214
Status: Closed
3 beds | 2 baths | 22000 sqft
1 / 20
Property Description
Entire complex of 16 Townhomes offered, all large 3BR 3-Level units with identical layout, including in-unit laundry, central A/C and large backyard. These units are very attractive to renters. Tenants pay separately metered gas and electric. Tenants pay a majority of Water and Trash via Utility RUBS addendum. All 16 units are separate PIDs and so an HOA could be implemented; the units could be sold individually as townhomes, or retained as a multi-family rental complex. Agent is Owner.
Details
Contract Information
Owner is an Agent?: Yes
Auction?: No
Status: Closed
Off Market Date: 2026-05-05
Current Price: $2,125,000
Closed Date: 2026-05-01
Sales Close Price: 2125000
Contingency: None
ListPrice: 2300000
List Date: 2026-02-26
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Management Company Name: EIG Property Management
Multiple PIDs?: Yes
Other Parking Spaces: 16
Owner Occupied: No
Waterfront YN: No
Year Built: 1962
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 240X490
Acres: 1.37
Foundation Size: 11000
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: Unknown
Bedrooms: 3
Baths Total: 2
Location, Tax and Other Information
Legal Description: LOT 005 BLOCK 001 LINCOLN MANOR
Listing City: New Hope
Map Page: 91
Municipality: New Hope
School District: Robbinsdale
School District Phone: 763-504-8000
Zip Plus 4: 4302
Property ID Number: 0511821210120
Tax Year: 2026
Tax Amount: 35039
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Entire complex of 16 Townhomes offered, all large 3BR 3-Level units with identical layout, including in-unit laundry, central A/C and large backyard. These units are very attractive to renters. Tenants pay separately metered gas and electric. Tenants pay a majority of Water and Trash via Utility RUBS addendum. All 16 units are separate PIDs and so an HOA could be implemented; the units could be sold individually as townhomes, or retained as a multi-family rental complex. Agent is Owner.
Directions: Check your Google Maps.
Accessible
None: 1
Additional Parcels Information
Property ID #2: 0511821210130
Property ID #3: 0511821210129,0511821210128,0511821210127,0511821210126,0511821210125,0511821210124,0511821210123,0511821210122,0511821210121,0511821210119,0511821210118,0511821210117,0511821210116,0511821210131
Air Conditioning
Central Air: 1
Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 35039
Assumable Loan
Yes w/ Qualifying: 1
Basement
Partially Finished: 1
Building Information
Building Finished SqFt: 22000
Building SqFt: 22000
Construction Status
Previously Owned: 1
Existing Financing
Conventional: 1
Exterior
Brick Veneer: 1
Financing Terms
Conventional: 1
Foundation
Combination: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Public Survey Info
Range#: 05/118/21
Section#: 05
Township#: 118
Rental License Type
Standard: 1
Sale Options
Sale Includes: Building, Land
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Unit 1
Lease Expiration Date: 2025-06-30
Leased?: Yes
Level: Multi-Level
Unit Number: 16
Monthly Rent: 1732
Full Baths: 1
Half Baths: 1
Total Bathrooms: 2
Total Bedrooms: 3
Unit Total SqFt: 1364
Unit Details
Total Units: 16
Water
City Water/Connected: 1
Income and Expenses
Annual Gross Expenses: 180000
Annual Gross Income: 368556
Annual Net Income: 180000
Total Annual Expenses: 199269
No. of Ranges
One Per Unit: 1
No. of Refrigerators
One Per Unit: 1
Tenant Pays
Electricity: 1
Gas: 1
Heat: 1
Trash Collection: 1
Water: 1
Unit 3
No. of 3 Bedroom Units: 16
On Site Utilities
Electric Separate: 1
Heating Separate: 1
CMU Style
Apartments/Multi Family: 1
Common Wall: 1
Current Use
Residential: 1
Loan Terms
Assumable: 1
Cash: 1
Conventional: 1
Location Tax and Other Information
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55428
Complex/Dev/Subdivision: Lincoln Manor
Property Features
Accessible: None
Air Conditioning: Central Air
Appliances: Dishwasher; Microwave; Range; Refrigerator
Assumable Loan: Yes w/ Qualifying
Basement: Partially Finished
CMU Style: Apartments/Multi Family; Common Wall
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Conventional
Exterior: Brick Veneer
Financing Terms: Conventional
Foundation: Combination
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Assumable; Cash; Conventional
On Site Utilities: Electric Separate; Heating Separate
Parking Characteristics: Parking Lot
Rental License Type: Standard
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Electricity; Gas; Heat; Trash Collection; Water
Water: City Water/Connected
Listing Office: Manarola LLC
Last Updated: May - 05 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.