For Sale: Minneapolis MLS# 7140671
Active
NEW!
$450,000
Multi-family: Duplex Up and Down
6 br • 3 ba • Built 1900
3,200 sqft • 0.1 acres
Minneapolis schools
MLS# 7140671
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Property Description
Turn-key and exceptionally well located, this updated Minneapolis duplex offers a great opportunity for both owner-occupants and investors. The property has been well maintained and thoughtfully improved, with renovated kitchens and bathrooms in both units within the last five years, in-unit laundry, and flexible layouts.
The main-level unit features 2 bedrooms and 1 bathroom, with additional space that may offer potential for a 3rd bedroom. The standout upper unit spans the second and third floors and offers an impressive 4 bedrooms, 2 bathrooms, generous room sizes, and an open kitchen and living area. The amount of space in the upper unit is a major highlight and provides excellent flexibility for a variety of living arrangements.
Unit 2 is currently vacant, creating an ideal opportunity for an owner-occupant or an investor looking to place their own tenant. The property also includes a detached 2-car garage plus additional off-street driveway parking.
Located just blocks from restaurants, coffee shops, shopping, nightlife, and the Midtown Greenway, and less than half a mile from Lake of the Isles. A rare combination of strong condition, substantial living space, and an outstanding Minneapolis location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$450,000
Price per sq ft:
$141
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
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
Refrigerators:
Two
Basement Details:
- Block
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,116 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Road Frontage:
City Street
Rooms
Laundry:
In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.1
Geolocation:
44.952853, -93.292793
Lot Dimensions:
33.06 X 128.63
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:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,386
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$8,905
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,905
Income
Annual Gross Income:
$42,540
Rent
Annual Net Income:
$28,655
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 Broker, 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.