For Sale: Minneapolis MLS# 7142845
Active
NEW!
$519,900
Multi-family: Duplex Up and Down
6 br • 2 ba • Built 1900
2,384 sqft • 0.16 acres
Minneapolis schools
MLS# 7142845
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Rare Marcy Holmes duplex opportunity! This spacious up/down duplex offers three bedrooms in each unit, a sizable lot, a tremendous backyard, a large detached two-stall garage, ample parking, and fantastic upgrades. It is ideally located just a handful of blocks from the Stone Arch Bridge, Saint Anthony Main, Downtown Minneapolis, and the University of Minnesota. The lower unit is currently vacant while the upper unit is leased, offering flexibility for an investor or the option for an owner-occupant. Both units feature new LVP flooring, paint, and light fixtures. The upper unit also has a washer/dryer! Additional updates include automatic garage doors, a new roof on the home and garage (2024), and new A/C (2025). There is a potential opportunity to assume the existing FHA loan at a current interest rate of ~ 2.25%, subject to lender approval and buyer qualification. With six total bedrooms, a private front porch for the lower unit, a rare two stall garage, ample parking, outdoor space, and an exceptional location, this is a truly rare investment property in Marcy Holmes.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$519,900
Price per sq ft:
$218
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55414
Neighborhood/Area:
50
Subdivision Name:
Mill Cos Add To St Anthony Falls
Interior
Bedrooms:
6
Bathrooms:
2
Finished Area:
2,384 ft2
Living Area:
2,384 ft2
Refrigerators:
Two
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
24x24
Garage Size:
496 ft2
Foundation Size:
1,066 ft2
Fencing:
Chain Link, Partial, Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Concrete
- Detached Garage
Shared Amenities:
- Common Garden
- Other
- Patio
Road Frontage:
City Street
Pool:
None
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
- In Basement
- In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.16
Geolocation:
44.98811, -93.247687
Lot Dimensions:
67 x 131 x 27 x 40 x 39 x 91
Addl Parcels:
2302924110176
Zoning:
Residential-Multi-Family
Schools
School District:
1
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
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$8,863
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,863
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
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Isaacson Brothers.
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.