For Sale: Minneapolis MLS# 7042470
Active
NEW!
$339,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1917
2,392 sqft • 0.26 acres
MLS# 7042470
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Property Description
A two-unit up/down Duplex with a 3rd unit ready to be finished in the lower level, partially roughed in kitchen, bathroom & several egress windows! A fantastic opportunity to build equity! Situated on a 0.26 acre city lot with a 24 x 24 two car garage in close proximity to public transit, highway access, retails, shopping & downtown! 2024 roof with working solar panels. Upper unit has a lofted area that could be transformed into a primary suite, bathroom roughed in or an office or studio. Beautiful built-ins and natural woodwork in both 2 bedroom 1 bathroom units. Laundry in lower level. Plenty of storage! This duplex is perfect for your investment portfolio or to live in one unit while renting out the other!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$339,000
Price per sq ft:
$142
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1917
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55411
Neighborhood/Area:
31
Subdivision Name:
Highland Park Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,392 ft2
Living Area:
2,392 ft2
Refrigerators:
Two
Basement Details:
- Block
- Egress Window(s)
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
24 x 24
Garage Size:
576 ft2
Foundation Size:
1,378 ft2
Foundation Dimensions:
53 x 26
Fencing:
Chain Link
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Driveway - Other Surface
Shared Amenities:
Laundry
Road Frontage:
City Street
Pool:
None
Roof Details:
- Age 8 Years or Less
- Architectural Shingle
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.26
Geolocation:
45.000799, -93.289952
Lot Dimensions:
73.5 X 157
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$23
Annual Fuel Expense:
$1,023
Annual Insurance Expense:
$3,640
Annual Maintenance Expense:
$1,963
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,324
Tenant Expenses:
Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,603
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,603
Income
Annual Gross Income:
$14,400
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$4,838
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
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 RE/MAX Results.
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.