For Sale: Minneapolis MLS# 7019016
Active
$549,900
Multi-family: Duplex Up and Down
4 br • 3 ba • Built 1961
2,286 sqft • 0.11 acres
MLS# 7019016
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Property Description
Don’t miss this rare opportunity to own a beautifully renovated 1961 up/down duplex that offers the lifestyle of a single-family home—with significantly lower monthly costs. Live comfortably in the spacious main-floor unit, complete with a two-car attached garage and a finished lower-level family room with a ¾ bath, while generating income from the upper unit to offset your mortgage. The upper-level two-bedroom unit is fully updated and can contribute approximately $1, 850/month, making homeownership more affordable than many single-family options. Both units feature separate utilities and thoughtfully designed layouts with two bedrooms each. Located in a desirable Northeast neighborhood just off Stinson Parkway, this property shines with modern upgrades throughout. Each unit boasts a renovated kitchen with granite countertops, tile backsplash, stainless steel appliances, exterior-vented microwaves, dishwashers, and soft-close cabinetry. All three bathrooms have been stylishly updated with tile flooring, tile surrounds, modern vanities, and proper ventilation. Additional highlights include newer furnaces, central air in both units, mostly updated windows, charming bow windows in each living room, and two 100-amp electrical panels—no knob and tube wiring like old duplex's have. The property also offers ample parking with a two-car garage and off-street space for up to six vehicles. Move-in ready and located in a highly sought-after area, this is a standout investment and owner-occupant opportunity. Seller is open to Contract for Deed terms with 20% down and a 2-year balloon at 6%.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$549,900
Price per sq ft:
$241
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1961
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55418
Neighborhood/Area:
87
Subdivision Name:
Auditors Sub 228
Interior
Bedrooms:
4
Bathrooms:
3
Finished Area:
2,286 ft2
Living Area:
2,286 ft2
Refrigerators:
Two
Basement Details:
- Block
- Finished
- Full
- Storage Space
- Tile Shower
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
22 x 20
Garage Size:
440 ft2
Garage Door Height:
78
Garage Door Width:
16
Foundation Size:
912 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Concrete
- Garage Door Opener
Road Frontage:
City Street
Exterior Material:
Block
Roof Details:
Age Over 8 Years
Rooms
Laundry:
- Common Area
- Lower Level
Lot & Land
Acres:
0.11
Geolocation:
45.010322, -93.232392
Lot Dimensions:
40 x 122
Zoning:
Residential-Multi-Family
Schools
School District:
558
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, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,185
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,185
Income
Annual Gross Income:
$49,200
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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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 RE/MAX Advantage Plus.
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.