For Sale: Minneapolis MLS# 7098486
Active
NEW!
$425,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1969
2,288 sqft • 0.12 acres
Minneapolis schools
MLS# 7098486
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Property Description
This well-maintained up-and-down duplex features two spacious units, each offering 2 beds and 1 bathroom, making it an attractive option for tenants and homeowners alike.
Both units are currently rented, providing immediate rental income from day one. The property also includes a detached two-car garage and an additional driveway, offering ample off-street parking for residents.
Ideally situated within walking distance of the University of Minnesota, this property is surrounded by popular coffee shops, local restaurants, parks, and all the conveniences of city living. Looking to maximize your investment? The unfinished basement presents the potential to add a third unit (subject to city approval and permitting), creating an opportunity to increase future rental income.
Whether you're an investor seeking a cash-flowing property with upside potential or an owner-occupant looking to offset your mortgage with rental income, this duplex checks all the boxes.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$425,000
Price per sq ft:
$186
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1969
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55414
Neighborhood/Area:
14
Subdivision Name:
Cole & Weeks Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,288 ft2
Living Area:
2,288 ft2
Basement Details:
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
400 ft2
Foundation Size:
1,144 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached Garage
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
- Paved Streets
- Sidewalks
Exterior Material:
Other
Pool:
None
Roof Details:
Architectural Shingle
Rooms
Laundry:
Lower Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.12
Geolocation:
44.986988, -93.218115
Lot Dimensions:
40.00 X 125.00
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
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
Tenant Expenses:
Cable TV, Electricity, Fuel, Snow Removal
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$7,039
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,039
Income
Annual Gross Income:
$30,600
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
- City Water - In Street
- 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 eXp Realty.
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.