For Sale: Minneapolis MLS# 7111481
Active
NEW!
$375,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1900
2,052 sqft • 0.1 acres
Minneapolis schools
MLS# 7111481
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Property Description
This duplex sits right across from Augsburg University, just a few blocks from Carlson and the U of M's West Bank campus. If you work at Fairview, the walk doesn’t get an easier. Basically, it’s a location that guarantees steady rental interest. Live in one unit and rent the other to offset the mortgage, or rent both out to tenants who'd rather walk to class or work than deal with parking. Each unit features its own private porch and hardwood floors. The building backs up to a community park. The big-ticket items are already done; new roof, new siding, hardwood floors throughout. All that's left are just your personal touches. Downtown Minneapolis and the Mississippi River are just minutes away, and there's a good stretch of restaurants within walking distance too
Listing
Listing Status:
Active
Contingency:
None
List Price:
$375,000
Price per sq ft:
$183
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55454
Neighborhood/Area:
10
Subdivision Name:
Randy Stoecker Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,052 ft2
Living Area:
2,052 ft2
Refrigerators:
Two
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,026 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Road Frontage:
City Street
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.1
Geolocation:
44.967342, -93.244445
Lot Dimensions:
108 x 42
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,200
Annual Fuel Expense:
$1,800
Annual Insurance Expense:
$3,725
Annual Maintenance Expense:
None
Annual Trash Expense:
$960
Annual Water/Sewer Expense:
$960
Tenant Expenses:
Broadband, Cable TV
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,686
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,686
Income
Annual Gross Income:
$30,600
Rent
Annual Net Income:
$30,600
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 Keller Williams Realty Integrity.
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.