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For Sale:  Minneapolis MLS# 7124536

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Active NEW!
$390,000
/mo Edit
Multi-family:  Duplex Up and Down
6 br • 2 ba • Built 1924
3,781 sqft • 0.13 acres
Minneapolis schools
MLS# 7124536
763-576-8286
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    Property Description

    $4, 770/month! That is not easy to find. Charming Minneapolis up/down duplex offers an exceptional investment opportunity! Each unit features a spacious layout with 3 bedrooms, 1 bathroom and large living and dining rooms. The lower unit is occupied at $2, 430/mo, providing immediate rental income, while the upper unit is y renting at $2, 340. Refinished hardwood floors, new appliances and kitchen cabinets in 2021, and a brand-new two-stall garage in 2023! Located with easy access to downtown, uptown, and north loop, this property combines charm and convenience. Don't miss the chance to explore this fantastic duplex.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $390,000
    Price per sq ft: $103
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1924
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55411
    Neighborhood/Area: 85
    Subdivision Name: Forest Heights

    Interior

    Bedrooms: 6
    Bathrooms: 2
    Finished Area: 3,781 ft2
    Living Area: 3,781 ft2
    Refrigerators: One Per Unit, Two
    Basement Details:
    • Shared Access
    • Storage Space
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 22x20
    Garage Size: 450 ft2
    Garage Door Height: 7
    Garage Door Width: 9
    Foundation Size: 1,156 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features: Detached Garage

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.13
    Geolocation: 44.999403, -93.306053
    Lot Dimensions: 45 x 126
    Zoning: Residential-Multi-Family

    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: Electricity, Gas

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $5,091
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,091

    Income

    Annual Gross Income: $57,240
    Misc. Annual Income: None

    Rent

    Annual Net Income: None

    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 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.