For Sale: Minneapolis MLS# 6697312
Active
NEW!
$284,900
Multi-family: Duplex Up and Down
Built 1896
1,620 sqft • 0.15 acres
Minneapolis schools
MLS# 6697312
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Property Description
This updated duplex offers a fantastic opportunity for both investors and owner-occupants. Renovated in 2010 with windows, flooring, kitchens, baths, and more, the home also features a brand-new roof installed in 2024 for added peace of mind. Each unit includes its own in-unit stackable washer and dryerâ??an attractive feature for tenants or personal use.
With total $3, 050 monthly rental income, this duplex easily meets the 1% ruleâ??marking it as a strong, income-generating property. Or owner-occupants can enjoy living for under $1, 000 per month while building equity at the same time. The main floor unit was recently vacated, making it ideal for an owner-occupant looking to move in. Tenants pay their own gas and electric. Owner pays water and trash.
Located on a spacious corner lot, the property includes a large 3-car garage currently used for storage. This is a rare find that combines affordability, flexibility, and investment potential in one move-in-ready package.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$284,900
Price per sq ft:
$176
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1896
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55412
Neighborhood/Area:
Webber - Camden
Subdivision Name:
Wyoming Park Add
Interior
Finished Area:
1,620 ft2
Living Area:
1,620 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
3
Garage Size:
704 ft2
Foundation Size:
795 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Asphalt
Exterior Material:
Stucco
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.15
Geolocation:
45.027777, -93.296659
Lot Dimensions:
0
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:
$1,440
Annual Maintenance Expense:
None
Annual Gross Expense:
$3,840
Annual Trash Expense:
$300
Annual Water/Sewer Expense:
$2,100
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,106
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,106
Income
Annual Gross Income:
$36,600
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.