For Sale: Minneapolis MLS# 7158863
Active
NEW!
$365,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1912
2,503 sqft • 0.28 acres
Minneapolis schools
MLS# 7158863
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Property Description
Fantastic opportunity to own an up-and-down duplex featuring classic charm, beautiful woodwork, and spacious living areas. Each unit offers 2 bedrooms, 1 bathroom, generously sized bedrooms and living spaces, and the convenience of in-unit laundry. Additional features include on-site parking, an unfinished basement, and attic space offering potential for additional storage. With a strong rental history, the main-level unit is leased until 11/30/2027, while the upper-level unit is leased through 10/31/2027. Centrally located near shopping, dining, and everyday conveniences, this property is a great opportunity for investors looking to add to their portfolio.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$365,000
Price per sq ft:
$146
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1912
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55411
Neighborhood/Area:
31
Subdivision Name:
Renos Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,503 ft2
Living Area:
2,503 ft2
Refrigerators:
Two
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,114 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
Paved Lot
Roof Details:
Asphalt
Rooms
Laundry:
In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.28
Geolocation:
45.000438, -93.286039
Lot Dimensions:
78 x 157
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$4,025
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,724
Annual Maintenance Expense:
$900
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,888
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$7,355
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,355
Income
Annual Gross Income:
$40,500
Misc. Annual Income:
None
Rent
Annual Net Income:
$17,956
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 Pemberton RE.
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.