For Sale: Minneapolis MLS# 7109359
Active
NEW!
$335,000
Multi-family: Duplex Up and Down
5 br • 2 ba • Built 1912
3,836 sqft • 0.16 acres
Minneapolis schools
MLS# 7109359
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Property Description
Fantastic owner-occupant or investment opportunity! This well-maintained up-and-down duplex features a spacious 3-bedroom unit currently rented for $1, 750/month on a month-to-month lease that expires at the end of this month and will be vacant, making it an excellent opportunity for an owner-occupant. The 2-bedroom unit generates $1, 500/month with a lease in place through July 31, 2027, providing stable rental income. The unfinished attic offers the potential to add additional finished square footage. Shared washer and dryer are located in the basement with plenty of storage space. All utilities are separate.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$335,000
Price per sq ft:
$87
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1912
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55411
Neighborhood/Area:
31
Subdivision Name:
The Reno Land & Improv Co Add
Interior
Bedrooms:
5
Bathrooms:
2
Finished Area:
3,836 ft2
Living Area:
3,836 ft2
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
20x22
Garage Size:
420 ft2
Foundation Size:
1,410 ft2
Fencing:
Full, Privacy
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
Detached Garage
Rooms
Laundry:
In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.16
Geolocation:
45.001099, -93.286908
Lot Dimensions:
43 x 157
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:
$1,500
Annual Maintenance Expense:
$1,200
Annual Trash Expense:
$1,092
Annual Water/Sewer Expense:
$2,040
Tenant Expenses:
Electricity, Gas, Lawn Care, Snow Removal
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,106
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$5,106
Income
Annual Gross Income:
$39,000
Rent
Annual Net Income:
$34,670
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 Ruby Realty.
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.