For Sale: Minneapolis MLS# 7014374
Active
NEW!
$399,900
Multi-family: 2 Stories
5 br • 2 ba • Built 1900
2,397 sqft • 0.2 acres
MLS# 7014374
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Property Description
Investors don't miss this opportunity to own this charming duplex! Delightful well-maintained duplex nestled in a convenient South Minneapolis neighborhood. This property offers features rarely found in investment properties, both units boast central air conditioning, fireplaces, dishwashers and separate electric & gas meters, blending comfort with everyday convenience. The property features a full basement with separate laundry for each unit, including washers and dryers, plus exceptional storage space. Outside, you'll find a three-stall detached garage and a large, fully fenced yard, perfect for gardening, entertaining, or enjoying outdoor activities. Both units are currently occupied with great tenants; and the lower unit tenants are long term. Ideally located near Abbot & Children's Hospital, downtown Minneapolis, public transportation, shopping, and local amenities, this property is a standout opportunity for an owner-occupant or savvy investor. High-demand rental opportunities like this are rare, schedule your showing today and see the potential for yourself.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$399,900
Price per sq ft:
$167
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
2 Stories
Zip Code:
55404
Neighborhood/Area:
78
Subdivision Name:
Jones Bell & Harris Add
Interior
Bedrooms:
5
Bathrooms:
2
Finished Area:
2,397 ft2
Living Area:
2,397 ft2
Refrigerators:
Two
Basement Details:
- Block
- Full
- Shared Access
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
3
Garage Size:
713 ft2
Foundation Size:
1,175 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached Garage
Road Frontage:
City Street
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.2
Geolocation:
44.960374, -93.259252
Lot Dimensions:
60 x 146
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
558
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:
$3,960
Tenant Expenses:
Electricity, Heat
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,563
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,563
Income
Annual Gross Income:
$36,600
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
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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 RE/MAX Results.
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.