For Sale: Duluth MLS# 7028751
Active
NEW!
$265,000
Multi-family: 2 Stories
3 br • 2 ba • Built 1891
2,259 sqft • 0.08 acres
MLS# 7028751
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Property Description
Discover the perfect blend of historic character and modern industrial design in this unique up-and-down
duplex. Situated in a prime area for rentals in Duluth near hospitals, bus lines, and downtown, this
property is an ideal addition to a portfolio or a perfect owner-occupy opportunity. Step into the lower
unit a 1 bedroom, 1 bath completely reimagined main-level unit, where classic Duluth architecture meets a
modern open-concept layout with a stunning industrial/unfinished aesthetic. Honestly with the exposed
brick, industrial aesthetic, and the high ceilings it feels like it could be a New York City style
artists loft. The upper-level unit offers a well-maintained, classic apartment layout that is both clean,
spacious and freshly painted since purchase. Unit provides a comfortable living environment and is
currently occupied by a reliable tenant, ensuring immediate rental income for the new owner. While it
retains its original charm, the space is move-in ready and serves as a perfect complement to the modern
industrial main floor. Upper unit rents as a 2 bedroom, but unit has a 3rd bedroom currently being used
as its laundry room complete with new washer/dryer. A new owner could move these machines to the
basement (there are hookups) if a 3rd br is desired for a higher ROI. Both units can access the lower
level walk-out through back hallway/stairway. Basement area has a tuck under parking space, loads of
storage, a 1/2 bath, and possibly future potential to reimagine the space. The backyard space received a
fresh update by removing some unneeded trees, (helped view from units, can now peek a boo Lake Superior)
adding a new deck, fence, & new sod. Making this area a plus for tenants as a back yard space, or kept as
a private yard for a owner occupant buyer. Whether you are a owner occupant looking for your 1st
home/rental property, (live in one side, rent other) or a seasoned investor this property is worth the
time it takes to go check out.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$265,000
Price per sq ft:
$117
Property Type:
Multi-family
City:
Duluth
Garage Spaces:
1
County:
St. Louis
Year Built:
1891
State:
MN
Property Style:
2 Stories
Zip Code:
55805
Subdivision Name:
Portland Div Of Duluth
Interior
Bedrooms:
3
Bathrooms:
2
Finished Area:
2,259 ft2
Living Area:
2,259 ft2
Refrigerators:
One Per Unit
Basement Details:
- Full
- Shared Access
- Single Tenant Access
- Storage Space
- Unfinished
- Walkout
Exterior
Stories:
Two
Garage Spaces:
1
Garage Size:
330 ft2
Foundation Size:
1,108 ft2
Fencing:
Chain Link, Full, Other, Privacy, Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
- Driveway - Other Surface
- Other
- Tuckunder Garage
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
- Street Lights
Roof Details:
- Flat
- Rubber
Rooms
Laundry:
- In Unit
- Main Level
- Other
- Upper Level
Lake & Waterfront
Waterfront:
- Lake Superior
- Lake View
Lot & Land
Acres:
0.08
Geolocation:
46.796048, -92.091669
Lot Dimensions:
25X140
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Light
Schools
School District:
2223
District Phone:
2183368700
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:
Broadband, Cable TV, Electricity, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,370
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,370
Income
Annual Gross Income:
None
Rent
Annual Net 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:
Minnesota Power
Mortgage Calculator
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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 Advantage Plus.
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.