For Sale: Minneapolis MLS# 7049723
Active
NEW!
$559,900
Multi-family: Duplex Up and Down
5 br • 3 ba • Built 1903
3,000 sqft • 0.17 acres
MLS# 7049723
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Property Description
Charming Duplex in the Heart of Minneapolis!
This well-maintained property offers an excellent opportunity for both investors and owner-occupants. Each unit features comfortable living spaces, abundant natural light, and functional layouts designed for easy, everyday living.
Ideally located just minutes from downtown Minneapolis and only a short walk to North Central University, this home provides convenient access to schools, parks, restaurants, and public transportation.
The fully finished basement adds even more value, offering potential for use as an additional unit, creating the possibility of a triplex setup. Whether you're looking to generate rental income or live in one unit while renting out the others, this property presents a fantastic opportunity in a highly desirable location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$559,900
Price per sq ft:
$187
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1903
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55404
Neighborhood/Area:
24
Subdivision Name:
J S & W Elliots Add
Interior
Bedrooms:
5
Bathrooms:
3
Finished Area:
3,000 ft2
Living Area:
3,000 ft2
Refrigerators:
One Per Unit, Three
Basement Details:
Finished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
3
Garage Dimensions:
30x20
Garage Size:
600 ft2
Garage Door Height:
8
Garage Door Width:
17
Foundation Size:
1,300 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Detached Garage
- Gravel
- Shared Garage/Stall
- Units Vary
Shared Amenities:
- Deck
- Laundry
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Street Lights
Exterior Material:
Frame
Roof Details:
- Age Over 8 Years
- Asphalt
- Pitched
Rooms
Laundry:
- Common Area
- Electric Dryer Hookup
- In Basement
- Laundry Room
- Lower Level
- Sink
Lot & Land
Acres:
0.17
Geolocation:
44.967634, -93.261479
Lot Dimensions:
50 x 150
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Medium
Farm
Topography:
Sloped
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,500
Annual Maintenance Expense:
$5
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$500
Tenant Expenses:
Broadband, Cable TV, Electricity, Insurance, Janitorial Service
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,788
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,788
Income
Annual Gross Income:
$45,600
Rent
Annual Net Income:
$35,600
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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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 National Realty Guild.
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.