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For Sale:  Minneapolis MLS# 7053052

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Active
$849,900
/mo Edit
Multi-family:  Duplex Up and Down
6 br • 3 ba • Built 1908
4,416 sqft • 0.16 acres
MLS# 7053052
763-576-8286
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    Property Description

    Welcome to this Massive Lowry Hill Duplex! This big beauty has gorgeous hardwood floors and woodwork with tremendous natural light on an oversized lot. This is an ideal location for an owner occupant or Investor close to everything that Mpls Lakes Area has to offer! The property has been thoughtfully renovated throughout keeping period style and updating to today's standards. New roof and mini splits throughout and a main floor kitchen that was beautifully renovated with cherry cabinets and stainless steel appliances and granite countertops. The property has a one of a kind second and third floor Penthouse loft style unit that has four bedrooms and two baths with updated kitchens and baths that will not disappoint. The current rent is way below market and their Lease ends 6/30/26. Both units have sunrise and sunset decks. All this and a three-car garage that is currently used by owner and would generate an additional $100-125 a month each in income for Buyer and separate tenant paid utilities. Lower level 2 bedroom 1 bath is rented starting 6/1/26 for $2550.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $849,900
    Price per sq ft: $192
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 3
    County: Hennepin
    Year Built: 1908
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55405
    Neighborhood/Area: 46
    Subdivision Name: Anderson Douglas & Co 2nd Add

    Interior

    Bedrooms: 6
    Bathrooms: 3
    Finished Area: 4,416 ft2
    Living Area: 4,416 ft2
    Refrigerators: Two
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 3
    Garage Dimensions: 35x20
    Garage Size: 700 ft2
    Foundation Size: 1,472 ft2
    Fencing: Wood
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Ductless Mini-Split
    Parking Features:
    • Concrete
    • Detached Garage
    Road Frontage: City Street
    Exterior Material: Frame
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Rooms

    Laundry:
    • Common Area
    • In Basement
    • Upper Level

    Lot & Land

    Acres: 0.16
    Geolocation: 44.961257, -93.294731
    Lot Dimensions: 58 x 127
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Medium

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $6,300
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,484
    Tenant Expenses: Electricity, Heat, Telephone

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $13,724
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $13,724

    Income

    Annual Gross Income: $69,000
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $58,716

    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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    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 Coldwell Banker Realty - Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.