For Sale: Minneapolis MLS# 6693441
1 / 35
Active
$425,000
Multi-family: Duplex Up and Down
Built 1913
2,020 sqft • 0.09 acres
Minneapolis schools
MLS# 6693441
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Property Description
Prime Investment Opportunity in the high-demand Marshall Terrace Neighborhood! This versatile up/down duplex presents an exceptional opportunity for investors, house hackers, and those looking to generate passive income. It features two separate units, one on the main level and another upstairs with completely separate entrances. The property is ideal for long-term or short-term rentals or the house hacker/owner-occupied with rental income to offset costs Inside, you'll find beautiful refinished original hardwood floors, open layout in the main-level unit, plus basement for storage or flex space. Recent updates include furnace and central A/C (~2.5 years old) and the addition of a shower in the upstairs unit. The fully fenced backyard is ideal for tenants and pets and the detached garage provides secure, off-street parking and additional storage. Located in this desirable NE location, this duplex is steps from popular spots, including Big Star (formerly Betty Danger�??s), Lucky Shots indoor pickleball, a secure off-leash dog park, and more! The strong rental demand in this area makes it a strategic addition to any investment portfolio. Whether you're looking to expand your rental holdings, start your investment journey, or maximize cash flow, this investment is a smart, income-generating asset in a highly desirable location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$425,000
Price per sq ft:
$210
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1913
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55418
Neighborhood/Area:
Marshall Terrace
Subdivision Name:
East Riverside Add
Interior
Finished Area:
2,020 ft2
Living Area:
2,020 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Drain Tiled
- Unfinished
Exterior
Stories:
One and One Half
Garage Spaces:
1
Garage Size:
240 ft2
Foundation Size:
880 ft2
Fencing:
Chain Link, Full, Wood
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Asphalt
- Detached
- Garage Door Opener
Shared Amenities:
Other
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
Stucco
Roof Details:
Pitched
Lot & Land
Acres:
0.09
Geolocation:
45.017261, -93.272034
Lot Dimensions:
40 x 100 x 98 x 40
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,254
Annual Fuel Expense:
$1,320
Annual Insurance Expense:
$2,838
Annual Maintenance Expense:
$7,080
Annual Gross Expense:
$15,342
Annual Trash Expense:
$42
Annual Water/Sewer Expense:
$619
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$3,990
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,990
Income
Annual Gross Income:
$37,800
Misc. Annual Income:
None
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
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
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credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
| 2026 | $3,474 | $23,588 | $27,062 | $336,526 |
| 2027 | $3,724 | $23,338 | $27,062 | $332,802 |
| 2028 | $3,992 | $23,070 | $27,062 | $328,811 |
| 2029 | $4,279 | $22,783 | $27,062 | $324,532 |
| 2030 | $4,587 | $22,475 | $27,062 | $319,945 |
| 2031 | $4,917 | $22,145 | $27,062 | $315,027 |
| 2032 | $5,271 | $21,791 | $27,062 | $309,756 |
| 2033 | $5,650 | $21,412 | $27,062 | $304,106 |
| 2034 | $6,057 | $21,005 | $27,062 | $298,049 |
| 2035 | $6,493 | $20,569 | $27,062 | $291,556 |
| 2036 | $6,960 | $20,102 | $27,062 | $284,596 |
| 2037 | $7,461 | $19,601 | $27,062 | $277,134 |
| 2038 | $7,998 | $19,064 | $27,062 | $269,136 |
| 2039 | $8,574 | $18,488 | $27,062 | $260,562 |
| 2040 | $9,191 | $17,871 | $27,062 | $251,371 |
| 2041 | $9,852 | $17,210 | $27,062 | $241,519 |
| 2042 | $10,561 | $16,501 | $27,062 | $230,957 |
| 2043 | $11,322 | $15,741 | $27,062 | $219,636 |
| 2044 | $12,136 | $14,926 | $27,062 | $207,499 |
| 2045 | $13,010 | $14,052 | $27,062 | $194,490 |
| 2046 | $13,946 | $13,116 | $27,062 | $180,543 |
| 2047 | $14,950 | $12,112 | $27,062 | $165,593 |
| 2048 | $16,026 | $11,036 | $27,062 | $149,568 |
| 2049 | $17,179 | $9,883 | $27,062 | $132,388 |
| 2050 | $18,416 | $8,647 | $27,062 | $113,973 |
| 2051 | $19,741 | $7,321 | $27,062 | $94,232 |
| 2052 | $21,162 | $5,900 | $27,062 | $73,070 |
| 2053 | $22,685 | $4,377 | $27,062 | $50,385 |
| 2054 | $24,317 | $2,745 | $27,062 | $26,068 |
| 2055 | $26,068 | $995 | $27,062 | $0 |
Listing provided by RMLS,
courtesy of Keller Williams Preferred Rlty.
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.