For Sale: Minneapolis MLS# 6715786
Active
NEW!
$300,000
Multi-family: Duplex Side by Side
Built 1946
3,350 sqft • 0.11 acres
Minneapolis schools
MLS# 6715786
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Property Description
Live in the newly remodeled side (3440) and rent the other. This is a great opportunity for either an
owner/occupant or a pure investor. The big stuff is done; high-efficiency furnaces in both units in 2016,
new 100 amp electrical panels in both units 2022, water heater in 3440 in 2022. 3440 has remodeled
kitchen, newly refinished hardwood in the living room & main level bedrooms, new carpet in the lower
level. Both units have big non-conforming 3rd bedrooms in the lower level with large egress windows. Most
of the exterior window trim was replaced with low-maintenance PVC in April 2025. Very stable, long-term
tenant has been in 3442 since 2009. Her current lease runs through 12/31/25. Taxes are extremely low as
both units are currently enrolled in the city's 4d affordable housing incentive program. Details
available on City of Minneapolis website. The listing agent is the owner of the property and is a Realtor
licensed in the State of Minnesota.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$300,000
Price per sq ft:
$90
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1946
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55412
Neighborhood/Area:
Folwell
Subdivision Name:
Egberts Add
Interior
Finished Area:
3,350 ft2
Living Area:
3,350 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Block
- Drain Tiled
- Egress Window(s)
- Finished
- Full
- Single Tenant Access
- Sump Pump
Exterior
Stories:
One
Garage Spaces:
0
Foundation Size:
1,730 ft2
Fencing:
Chain Link, Partial
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Stucco
Roof Details:
- Age Over 8 Years
- Architectural Shingle
- Asphalt
- Pitched
Lot & Land
Acres:
0.11
Geolocation:
45.018068, -93.307889
Lot Dimensions:
40 x 126
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Some Trees
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,850
Annual Maintenance Expense:
$500
Annual Gross Expense:
$6,650
Annual Trash Expense:
$1,400
Annual Water/Sewer Expense:
$1,400
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$937
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$937
Income
Annual Gross Income:
$1,680
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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Listing provided by RMLS,
courtesy of Edina Realty, Inc..
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.