For Sale: Minneapolis MLS# 7097255
Active
NEW!
$400,000
Multi-family: Duplex Up and Down
5 br • 2 ba • Built 1907
3,084 sqft • 0.13 acres
Minneapolis schools
MLS# 7097255
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Property Description
Fantastic opportunity to own a well-maintained up/down duplex in the Central neighborhood of South Minneapolis. One unit offers a 2 bedroom, and the other a 3 bedroom, and each having 1 bathroom, both units create strong rental appeal and flexible living options. This duplex is great for both investors seeking steady income potential or for owner-occupant buyers looking to offset your mortgage with the rental income. Both units are have large floor plans with beautiful woodwork throughout. NEW ROOF AND SIDING IN 2023. Conveniently located near parks, restaurants, shopping, public transit, and major commuter routes, this property offers easy access to downtown Minneapolis and all the amenities that make South Minneapolis a desirable place to live. Whether you're purchasing your first investment property or looking for a smarter way to own a home, this duplex presents an exceptional opportunity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$400,000
Price per sq ft:
$130
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1907
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55407
Neighborhood/Area:
11
Subdivision Name:
Chicago Ave Add
Interior
Bedrooms:
5
Bathrooms:
2
Finished Area:
3,084 ft2
Living Area:
3,084 ft2
Refrigerators:
Two
Basement Details:
- Block
- Owner Access
- Storage/Locker
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Size:
500 ft2
Foundation Size:
1,234 ft2
Fencing:
Partial
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Shared Amenities:
Laundry
Road Frontage:
City Street
Exterior Material:
Block
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
Laundry:
- Common Area
- Lower Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.13
Geolocation:
44.9423538018, -93.2640029376
Lot Dimensions:
49 x 117
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$600
Annual Electric Expense:
None
Annual Fuel Expense:
$1,200
Annual Insurance Expense:
$2,260
Annual Maintenance Expense:
$500
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,200
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,199
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$6,199
Income
Annual Gross Income:
$40,080
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 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.