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For Sale:  Minneapolis MLS# 7149022

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Active NEW!
$350,000
/mo Edit
Multi-family:  Duplex Up and Down
5 br • 2 ba • Built 1900
1,115 sqft • 0.11 acres
Minneapolis schools
MLS# 7149022
763-477-8572
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    Property Description

    Opportunity knocks in desirable Lyndale with this income-producing 2.5-story duplex offering a classic up/down layout, flexible living space, and plenty of off-street parking. The main-level 2-bedroom unit features a spacious kitchen, comfortable living room with decorative fireplace, hardwood floors, and convenient access to shared lower-level laundry and storage. Main-level photos are limited and you are encouraged to schedule a showing to see this unit in person. The expansive upper unit spans the second and third floors and offers 3 bedrooms, including a private third-level primary bedroom—or versatile flex space/office—with a walk-in closet. Bright, sun-filled spaces and classic character throughout. Outside, the property offers off-street parking for up to four vehicles. Whether you're building your investment portfolio or looking for an owner-occupant opportunity, this Lyndale duplex offers flexibility, income potential, and a location that keeps you close to the best of South Minneapolis.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $350,000
    Price per sq ft: $314
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55408
    Neighborhood/Area: 48
    Subdivision Name: Motor Line Add

    Interior

    Bedrooms: 5
    Bathrooms: 2
    Finished Area: 1,115 ft2
    Living Area: 1,115 ft2
    Refrigerators: One Per Unit
    Basement Details:
    • Shared Access
    • Storage Space
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 1,050 ft2
    Fencing: Chain Link
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Asphalt
    Shared Amenities:
    • Coin-op Laundry Owned
    • Laundry
    Road Frontage: City Street
    Roof Details:
    • Age Over 8 Years
    • Asphalt
    • Pitched

    Rooms

    Laundry:
    • Common Area
    • In Basement

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.11
    Geolocation: 44.946891, -93.285202
    Lot Dimensions: 35 x 129
    Zoning: Residential-Multi-Family

    Farm

    Topography: Level

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $3,462
    Annual Maintenance Expense: None
    Annual Trash Expense: $2,000
    Annual Water/Sewer Expense: $2,820
    Tenant Expenses: Electricity, Gas, Heat, Hot Water, See Remarks

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $7,215
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,215

    Income

    Annual Gross Income: $16,800

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer - In Street
    Water System: City Water - In Street
    Power Company Name: Xcel Energy

    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 National Realty Guild.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.