For Sale: Minneapolis MLS# 6690850
Active
$299,900
Multi-family: Duplex Up and Down
Built 1925
2,288 sqft • 0.12 acres
Minneapolis schools
MLS# 6690850
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Property Description
This charming up/down duplex in North Minneapolis is a prime investment opportunity with a strong rental history and a Tier 1 rental license. It's also a great option for an owner-occupant, allowing you to live in one unit while the tenant helps pay toward your investment.
Upgrades include exterior paint in 2024, bathrooms and bathroom windows 2015, and a roof replacement 2011. Additional features include stainless steel appliances, original hardwood floors, and built-in hutches which provide additional charm and functional storage.
Each unit has separate electric and boiler systems, while the owner covers trash, water, and sewer. The coin-operated laundry in the basement offers additional income potential. This property generated $1, 575 per month for the main level and $1, 500 per month for the upper unit, totaling $3, 075 in rental income. With consistent cash flow, modern updates, timeless character, and a top-tier rental license, this duplex is a fantastic opportunity for investors or owner-occupants alike.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$299,900
Price per sq ft:
$131
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1925
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55411
Neighborhood/Area:
Willard - Hay
Subdivision Name:
Eastlawn Add
Interior
Finished Area:
2,288 ft2
Living Area:
2,288 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,144 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
- Gravel
- Open
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.12
Geolocation:
44.996286, -93.311144
Lot Dimensions:
Irregular
Zoning:
Residential-Multi-Family
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:
$1,560
Annual Maintenance Expense:
None
Annual Gross Expense:
$3,000
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Fuel, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$4,318
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,318
Income
Annual Gross Income:
$36,900
Misc. Annual Income:
None
Misc. Monthly Income:
$50
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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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.