For Sale: Minneapolis MLS# 7118027
Active
NEW!
$399,000
Multi-family: Duplex Side by Side
4 br • 3 ba • Built 1926
1,648 sqft • 0.12 acres
Minneapolis schools
MLS# 7118027
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Property Description
Great duplex in a desirable South Minneapolis neighborhood! This well maintained property has been extensively updated, making it an excellent investment opportunity or owner occupant option. Recent mechanical improvements include a newer furnace in one unit, central air conditioning in both units, and updated water heaters in both units. The kitchens have been remodeled with new countertops, appliances, and a dishwasher, while the first floor carpeting has been removed to reveal beautifully refinished hardwood floors. Additional interior updates include freshly painted walls and ceilings throughout, removal of the popcorn ceiling in the living room, updated light fixtures throughout the first floor, new blinds in every room including blackout blinds in the bedrooms, and new flooring in the basement bedrooms. Exterior improvements include repaired brick chimney mortar, updated gable vents, steel window trim wrap, exterior trim wrap, a new backyard patio, a fully fenced backyard, and enhanced landscaping in both the front and back yards. This move in ready duplex has been thoughtfully updated inside and out and offers outstanding value in a prime South Minneapolis location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$399,000
Price per sq ft:
$242
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1926
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55406
Neighborhood/Area:
44
Subdivision Name:
Nesbitts Add
Interior
Bedrooms:
4
Bathrooms:
3
Finished Area:
1,648 ft2
Living Area:
1,648 ft2
Refrigerators:
Two
Basement Details:
Full
Exterior
Stories:
One
Garage Spaces:
2
Garage Dimensions:
20x20
Garage Size:
400 ft2
Foundation Size:
1,248 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached Garage
Shared Amenities:
Porch
Road Frontage:
- City Street
- Paved Streets
Pool:
None
Roof Details:
Asphalt
Rooms
Shared Rooms:
Other
Laundry:
In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.12
Geolocation:
44.9506868651, -93.2200180137
Lot Dimensions:
40 x 128.22
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,500
Annual Maintenance Expense:
$1,000
Annual Trash Expense:
$1,100
Annual Water/Sewer Expense:
$1,100
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,645
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,645
Income
Annual Gross Income:
$37,560
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$32,520
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 Jason Mitchell Group.
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.