For Sale: Minneapolis MLS# 7123726
Active
NEW!
$374,900
Multi-family: Duplex Up and Down
6 br • 2 ba • Built 1902
2,273 sqft • 0.247 acres
Minneapolis schools
MLS# 7123726
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Property Description
This listing has a duplex and an adjacent vacant lot with separate PIN.
Duplex on double lot, ideal for owner-occupants or investors. Live in one unit and generating rental income from the other unit to help offset expenses.
Upper unit features 3 BR / 1 BA plus a finished attic bonus room and a storage. Lower unit features 3 BR
/ 1 BA. UN2 Zone permits a potential 3rd unit in basement with separate entry. Five car parking pads. Two sets of washer/dryer. Updated electrical system with buried wire. Convenient location near bus line and highway.
The adjacent vacant lot allows you to have many options. Buyer and agent verify all measurements.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$374,900
Price per sq ft:
$165
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1902
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55411
Neighborhood/Area:
57
Subdivision Name:
Oak Park Add
Interior
Bedrooms:
6
Bathrooms:
2
Finished Area:
2,273 ft2
Living Area:
2,273 ft2
Refrigerators:
Two
Basement Details:
- Block
- Full
- Storage Space
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,077 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Driveway - Other Surface
Road Frontage:
City Street
Exterior Material:
Block
Rooms
Laundry:
- In Basement
- In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.247
Geolocation:
44.986339, -93.306651
Lot Dimensions:
85X127
Addl Parcels:
2102924230129
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Tree Coverage - Light
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,000
Annual Maintenance Expense:
$1,000
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities, Broadband, Cable TV, Electricity, Fuel, Gas, Heat, Hot Water, Janitorial Service, Snow Removal, Trash Collection, Water
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,352
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,352
Income
Annual Gross Income:
$48,000
Rent
Annual Net Income:
$40,324
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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!
Listing provided by RMLS,
courtesy of Bridge Realty, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.