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For Sale:  Minneapolis MLS# 7008158

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Active NEW!
$324,900
/mo Edit
Multi-family:  2 Stories
4 br • 2 ba • Built 1900
2,606 sqft • 0.11 acres
MLS# 7008158
763-477-8572
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    Property Description

    Attention Investors! Golden opportunity for investors. This up and down duplex offers a unique opportunity with bonus space in the basement which is used for storage at the moment. Both units are currently rented by the same family on a flexible month-to-month lease. The tenants have been there for over 10 years and are happy to stay longer if you wish. Enjoy peace of mind with no tenant disputes as one family occupies both units. Located close to restaurants, railways, bus lines, and various businesses. This property is perfect for generating rental income or for personal customization. Plus, new furnace done in 2021 and new roof done in 2017. Whether you want to keep the reliable tenants or make it your own, this property offers endless potential! Don't miss out on this versatile investment!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $324,900
    Price per sq ft: $125
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: 2 Stories
    Zip Code: 55407
    Neighborhood/Area: 22
    Subdivision Name: Belle Plain Add

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 2,606 ft2
    Living Area: 2,606 ft2
    Refrigerators: One Per Unit, Two
    Basement Details:
    • Daylight/Lookout Windows
    • Finished
    • Full
    • Walkout

    Exterior

    Stories: Two
    Garage Spaces: 2
    Foundation Size: 895 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • Concrete
    • Detached Garage
    • Other
    Roof Details: Age 8 Years or Less

    Lot & Land

    Acres: 0.11
    Geolocation: 44.949141, -93.24904
    Lot Dimensions: 40 X 123.85
    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: 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, Lawn Care, Snow Removal

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,481
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $5,481

    Income

    Annual Gross Income: $30,000

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of United Real Estate Twin Cities.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.