For Sale: Minneapolis MLS# 6637988
Active
$320,000
Multi-family: Duplex Up and Down
Built 1900
2,200 sqft • 0.13 acres
Minneapolis schools
MLS# 6637988
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Property Description
Unlock endless possibilities with this spacious duplex! Live in one unit while renting the other to offset your mortgage, or rent both for an investment opportunity. Each unit offers three bedrooms, a full bathroom, and expansive living and kitchen areas perfect for comfortable living. Nestled on a corner lot in the dynamic Phillips neighborhood, this property provides easy access to major transportation routes, local community centers, and the bustling amenities of Lake Street and Cedar Avenue. Enjoy the charm of tree-lined streets and a vibrant urban setting filled with opportunities. Don't miss your chance to own a property that blends flexibility, comfort, and city living!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$320,000
Price per sq ft:
$145
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55407
Neighborhood/Area:
East Phillips
Subdivision Name:
Goulds Add
Interior
Finished Area:
2,200 ft2
Living Area:
2,200 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,100 ft2
Fencing:
Full
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Assigned
- Open
Exterior Material:
Wood Siding
Lot & Land
Acres:
0.13
Geolocation:
44.955364, -93.248279
Lot Dimensions:
123 x 47
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$195
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,788
Annual Maintenance Expense:
$1,500
Annual Gross Expense:
$9,076
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,593
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,948
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$4,948
Income
Annual Gross Income:
$36,900
Misc. Annual Income:
$3,000
Misc. Monthly Income:
None
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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Listing provided by RMLS,
courtesy of Lakes Sotheby's International 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.