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For Sale:  Minneapolis MLS# 7166483

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Active NEW!
$509,000
/mo Edit
Multi-family:  Duplex Up and Down
5 br • 3 ba • Built 1903
3,118 sqft • 0.11 acres
Minneapolis schools
MLS# 7166483
763-576-8286
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    Property Description

    Seward Duplex on quiet street! Convenient location for everything. Tenants pay gas, electric, data. Owner pays trash, sewer, water. Owner expenses = about $400/mo. UNIT 1: main level 1, 072sf (2BR 1BA). Currently rents for $1250. UNIT 2: 2nd + 3rd Level combined 2, 046sf (3BR, 2BA, full kitchen + kitchenette). Vacant: Likely rent $3000+ Tall ceilings, period woodwork throughout. Hardwood floors have inlaid details. Both units have large porches. Walk to Seward Co-op, coffee shops and Matthews Park!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $509,000
    Price per sq ft: $163
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1903
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55406
    Neighborhood/Area: 67
    Subdivision Name: Fair Ground Add

    Interior

    Bedrooms: 5
    Bathrooms: 3
    Finished Area: 3,118 ft2
    Living Area: 3,118 ft2
    Refrigerators: Three
    Basement Details:
    • Daylight/Lookout Windows
    • Full
    • Shared Access
    • Storage Space
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Garage Dimensions: 0
    Garage Door Height: 0
    Garage Door Width: 0
    Foundation Size: 1,043 ft2
    Foundation Dimensions: 26x45
    Fencing: Partial
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: On-Street Parking Only
    Shared Amenities: Laundry
    Road Frontage: City Street
    Exterior Material: Frame

    Rooms

    Laundry:
    • Common Area
    • In Basement

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.11
    Geolocation: 44.961321, -93.235639
    Lot Dimensions: 40 x 120
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Light

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,000
    Annual Maintenance Expense: None
    Annual Trash Expense: $2,500
    Annual Water/Sewer Expense: None
    Tenant Expenses: Broadband, Cable TV, Electricity, Gas

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $8,183
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,183

    Income

    Annual Gross Income: $51,000
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $46,200

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    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 Wellspring Real Estate LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.