For Sale: Minneapolis MLS# 7161987
Active
NEW!
$649,900
Multi-family: Duplex Up and Down
10 br • 4 ba • Built 1900
4,757 sqft • 0.16 acres
Minneapolis schools
MLS# 7161987
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Property Description
Incredible opportunity to own a large Duplex, 5 bedrooms each, in a mostly owner occupied neighborhood just blocks to downtown Minneapolis, Universities and Hospitals. There is a great need for traveling nurses as well as college students in this fabulous location. This is truly a move-in ready duplex with a quick close available. Multiple updates including roof, siding, windows, mechanicals, bathrooms, kitchens, decking and so much more! A frozen pipe was an extreme headache for the seller, but such a bonus for the future buyer. If you've seen this before, its definitely worth another look. Over $125, 000 in updates and repairs have just been completed. This home would also make a great mother-in-law option or for those with grown children that want their own space. The current sellers have loved this home for over 45 years and are ready for someone else to complete its next chapters.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$649,900
Price per sq ft:
$137
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55404
Neighborhood/Area:
24
Subdivision Name:
J S & W Elliots Add
Interior
Bedrooms:
10
Bathrooms:
4
Finished Area:
4,757 ft2
Living Area:
4,757 ft2
Basement Details:
- Block
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Size:
528 ft2
Foundation Size:
1,411 ft2
Fencing:
Chain Link, Partial
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Detached Garage
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.16
Geolocation:
44.966963, -93.261479
Lot Dimensions:
Irregular
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$3,606
Annual Fuel Expense:
$1,816
Annual Insurance Expense:
None
Annual Maintenance Expense:
$8,521
Annual Trash Expense:
$1,000
Annual Water/Sewer Expense:
$2,099
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$8,641
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,641
Income
Annual Gross Income:
$73,560
Rent
Annual Net Income:
$65,039
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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 Coldwell Banker Realty.
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.