For Sale: Minneapolis MLS# 7044904
Active
NEW!
$399,900
Multi-family: Duplex Side by Side
4 br • 2 ba • Built 1948
1,600 sqft • 0.15 acres
MLS# 7044904
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Property Description
Introducing a fantastic side-by-side duplex for sale, featuring two spacious bedrooms and one full bathroom in each unit. Both units showcase original hardwood floors and are flooded with natural light, creating an inviting atmosphere. Additionally, each unit boasts a full basement that is unfinished, presenting a perfect opportunity to add two more bedrooms and another bathroom, allowing for untapped equity and increased rental potential. This property also includes a two-car detached garage, offering convenience and extra storage. Located in the highly sought-after South Minneapolis area, residents can enjoy easy walking access to excellent restaurants, parks, trails, transit options, and more. This property represents a great investment opportunity in a prime location, just waiting for your personal touch and renovations.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$399,900
Price per sq ft:
$250
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1948
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55419
Neighborhood/Area:
1
Subdivision Name:
South Gate Terrace 1st Div
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,600 ft2
Living Area:
1,600 ft2
Refrigerators:
Two
Basement Details:
Block
Exterior
Stories:
One
Garage Spaces:
2
Garage Size:
400 ft2
Foundation Size:
1,600 ft2
Handicap Accessible:
Other
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
Detached Garage
Road Frontage:
City Street
Exterior Material:
- Block
- Concrete
- Frame
Roof Details:
Asphalt
Rooms
Laundry:
Lower Level
Lot & Land
Acres:
0.15
Geolocation:
44.902221, -93.309021
Lot Dimensions:
50 x 126
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:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,493
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,246
Income
Annual Gross Income:
None
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 Mitchell Realty LLC.
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.