For Sale: Minneapolis MLS# 7016774
Active
$499,900
Multi-family: Duplex Up and Down
6 br • 3 ba • Built 1900
3,200 sqft • 0.1 acres
Minneapolis schools
MLS# 7016774
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Property Description
Beautifully updated duplex in a prime Minneapolis location just blocks from shops, restaurants, coffee shops, bars, the Greenway Trail, and less than 1/2 mile from Lake of the Isles. Great opportunity for both investors and owner-occupants alike.
Unit 1 is currently occupied and features 2 bedrooms, 1 bathroom, and potential to add a 3rd bedroom. Unit 2 spans the 2nd and 3rd floors and offers 4 bedrooms, 2 bathrooms, and an open kitchen and living space ideal for larger households or roommate-style living. Both units include in-unit laundry and have had kitchens and bathrooms renovated within the last 5 years.
Property includes a detached 2-car garage plus additional off-street parking in the driveway. Unit 2 was intentionally left vacant to allow for owner-occupant flexibility.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$499,900
Price per sq ft:
$156
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55408
Neighborhood/Area:
47
Subdivision Name:
Pitmans Sub Lt 14 Russells Outlots
Interior
Bedrooms:
6
Bathrooms:
3
Finished Area:
3,200 ft2
Living Area:
3,200 ft2
Basement Details:
- Block
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Size:
420 ft2
Foundation Size:
1,116 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Concrete
- Detached Garage
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Pool:
None
Lot & Land
Acres:
0.1
Geolocation:
44.952853, -93.292793
Lot Dimensions:
33.06 X 128.63
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$515
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,616
Annual Maintenance Expense:
$3,939
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,386
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,905
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$8,905
Income
Annual Gross Income:
$42,540
Rent
Annual Net Income:
$7,384
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 Real Listings.
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.