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For Sale:  Minneapolis MLS# 7138169

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Active NEW!
$363,000
/mo Edit
Multi-family:  Duplex Up and Down
3 br • 2 ba • Built 1885
1,648 sqft • 0.1 acres
Minneapolis schools
MLS# 7138169
763-576-8286
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    Property Description

    Excellent investment opportunity or ideal owner-occupied duplex in a convenient location. Live in the main-level unit while generating $1, 600 per month from the long-term tenant in the upper unit. This classic up-and-down duplex offers strong rental history, positive cash flow and numerous improvements, including a two-year-old roof, updated electrical and plumbing, a newer furnace and central air with updated ductwork in 2nd floor unit, front and rear porches and an asphalt driveway completed in 2019–2020. Each unit features private in-unit laundry, while the fenced yard, four off-street parking spaces and room to add a garage provide additional value and flexibility.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $363,000
    Price per sq ft: $220
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1885
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55408
    Neighborhood/Area: 48
    Subdivision Name: Richardsons Add

    Interior

    Bedrooms: 3
    Bathrooms: 2
    Finished Area: 1,648 ft2
    Living Area: 1,648 ft2
    Refrigerators: Two
    Basement Details:
    • Partial
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 940 ft2
    Fencing: Chain Link
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Asphalt
    Road Frontage: City Street
    Pool: None

    Rooms

    Laundry:
    • In Unit
    • Main Level
    • Upper Level

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.1
    Geolocation: 44.944959, -93.281008
    Lot Dimensions: 36 x 124
    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: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities, Electricity, Fuel, Gas, Heat, Hot Water

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $4,488
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,488

    Income

    Annual Gross Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    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 RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.