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For Sale:  Minneapolis MLS# 7114876

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Active NEW!
$425,000
/mo Edit
Multi-family:  Duplex Up and Down
7 br • 2 ba • Built 1912
3,140 sqft • 0.12 acres
Minneapolis schools
MLS# 7114876
763-576-8286
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    Property Description

    Fully remodeled duplex, ideal for owner-occupants, house hackers, or investors. Lower unit is occupied and features 3 BR / 1 BA with 1, 196 square feet. Sun-filled upper unit offers 9' ceilings, 3 bedrooms, plus a large finished attic flex space, totaling 1, 944 square feet. Flex space is perfect for a bedroom, office, studio, workout room, or playroom. Upper unit includes a heated 4-season porch. Building has a side porch perfect for grilling and an open front porch for relaxing. Central A/C and forced-air heat provide year-round comfort. Opportunity to move into the open unit while collecting rental income from the lower unit, or select your own future tenants. Both units have brand new stainless steel appliances. Property includes off-street parking for up to 4 compact vehicles or 3 larger vehicles. Convenient location near public transit, trails, parks, library, shopping, restaurants, and major highways. This turnkey duplex is ready for its next owner. Schedule a tour today!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $425,000
    Price per sq ft: $135
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1912
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55411
    Neighborhood/Area: 57
    Subdivision Name: Oak Park Add

    Interior

    Bedrooms: 7
    Bathrooms: 2
    Finished Area: 3,140 ft2
    Living Area: 3,140 ft2
    Refrigerators: One Per Unit, Two
    Basement Details:
    • Daylight/Lookout Windows
    • Full
    • Owner Access
    • Shared Access
    • Storage Space
    • Storage/Locker
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 1,400 ft2
    Fencing: Chain Link, Full, Privacy, Wood
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Forced Air
    Parking Features:
    • Concrete
    • Open
    • Parking Lot
    • Unassigned
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Rooms

    Laundry:
    • Common Area
    • Gas Dryer Hookup
    • In Basement
    • Washer Hookup

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.12
    Geolocation: 44.99089, -93.302315
    Lot Dimensions: 43 x 136
    Zoning: Residential-Multi-Family

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: $1,440
    Annual Electric Expense: $1,020
    Annual Fuel Expense: $912
    Annual Insurance Expense: $3,559
    Annual Maintenance Expense: $2,800
    Annual Trash Expense: $1,200
    Annual Water/Sewer Expense: $6,800
    Tenant Expenses: Electricity, Gas, Heat, Hot Water, See Remarks, Water

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $6,161
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,161

    Income

    Annual Gross Income: $53,400
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $40,669

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    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 Keller Williams Classic Rlty NW.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.