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For Sale:  Minneapolis MLS# 6783863

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Active NEW!
$575,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1902
2,656 sqft • 0.12 acres
Minneapolis schools
MLS# 6783863
763-576-8286
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    Property Description

    Outstanding opportunity in demand NE Mpls! Seller has allowed long term renter in main floor unit to rent for less than market rate as they have been reliable renters and they perform tasks such as lawn care and snow removal. Potential of additional rent/flexible spaces on 3rd floor (see City requirements if modification is desired, or potential). 3rd floor has separate access point that includes a large studio space and bathroom. Also, unfinished basement has good ceiling height and could be finished to add square footage and income potential. Unit 2 kitchen renovated in 2023, adding new cabinetry, dishwasher and other functional improvements. Bathroom also updated at that time. No lapse in income since owners purchased in 2022.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $575,000
    Price per sq ft: $216
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1902
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55413
    Neighborhood/Area: Logan Park
    Subdivision Name: Mcmillans Add

    Interior

    Finished Area: 2,656 ft2
    Living Area: 2,656 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Block
    • Concrete
    • Full
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 2
    Foundation Size: 1,184 ft2
    Fencing: Partial, Privacy
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Concrete
    • Detached
    • Electric
    • Garage Door Opener
    • On-Street Parking Only
    • Parking Garage
    • Shared Garage/Stall
    Shared Amenities: None
    Road Frontage:
    • City Street
    • Curbs
    • Sidewalks
    Exterior Material: Steel Siding
    Roof Details: Age Over 8 Years

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.12
    Geolocation: 45.004202, -93.257192
    Lot Dimensions: 40 x 130
    Zoning: Residential-Multi-Family
    Lot Description: Many Trees

    Farm

    Topography: Level

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Electricity, Gas, Insurance

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $9,064
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,064

    Income

    Annual Gross Income: $46,800

    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 Edina Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.