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For Sale:  Minneapolis MLS# 7095778

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Active NEW!
$425,000
/mo Edit
Multi-family:  Duplex Up and Down
6 br • 2 ba • Built 1990
2,079 sqft • 0.05 acres
Minneapolis schools
MLS# 7095778
763-576-8286
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    Property Description

    The cleanest duplex in Marcy-Holmes, and it comes with an assumable FHA loan at just 3.8%! Forget the deferred maintenance and endless projects that come with most 100-year-old Minneapolis properties. Built in 1990 and located just one mile from the University of Minnesota, this duplex offers the rare combination of modern construction, strong rental demand, and an interest rate that's impossible to find today. Each unit features 3 bedrooms, 1 bathroom, fresh updates, and modern finishes. Shared Bluetooth-enabled pay-per-load laundry provides additional income without the hassle of collecting coins. The HOA covers lawn care, snow removal, hazard insurance, and garbage/recycling, making ownership as hands-off as possible. House hack and assume the interest rate you’ll probably never see again in your life, or use this as a great start or addition to any portfolio. Current principal interest payment for the assumption is $1, 814.56. Schedule a tour today!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $425,000
    Price per sq ft: $204
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1990
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55414
    Neighborhood/Area: 50
    Subdivision Name: Clara E Fuller Add

    Interior

    Bedrooms: 6
    Bathrooms: 2
    Finished Area: 2,079 ft2
    Living Area: 2,079 ft2
    Basement Details: Full

    Exterior

    Stories: Split Entry (Bi-Level)
    Garage Spaces: 0
    Foundation Size: 1,188 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Baseboard
    Parking Features: Paved Lot
    Shared Amenities: Coin-op Laundry Owned
    Roof Details: Asphalt

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.05
    Geolocation: 44.987991, -93.238191
    Lot Dimensions: 72 x 38
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Medium

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $4,790
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $4,790

    Income

    Annual Gross Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Electric
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Keller Williams Classic Rlty NW.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.