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For Sale:  Minneapolis MLS# 6789865

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Active
$650,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1925
3,512 sqft • 0.11 acres
Minneapolis schools
MLS# 6789865
763-576-8286
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    Property Description

    Fully occupied duplex with a non-conforming 3rd unit in the basement! This exceptional King Field Neighborhood property offers two meticulously maintained units, each with an owner-occupant level quality finish and condition. Both the upper and main level units feature a spacious 2-bedroom, 1-bathroom layout with a charming sunroom/office, as well as woodburning fireplace, original hardwood floors, ornate woodwork and neutral palate throughout. The upper unit provides an enhanced, updated kitchen complete with granite countertops, stainless steel appliances, and updated cabinetry. The non-conforming basement unit provides an additional 1 bedroom and 1 bathroom, currently on a month-to-month lease. Basement common area with washer, dryer, and sink. Outside, the property impresses with a wonderfully landscaped yard, an in-ground sprinkler system, and an expansive paver patio perfect for entertaining. A convenient 2-car garage completes this outstanding investment opportunity. New roof in 2021. Boilers certified December 2024! An absolute must-see!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $650,000
    Price per sq ft: $185
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1925
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55409
    Neighborhood/Area: King Field
    Subdivision Name: Van Nests Add

    Interior

    Finished Area: 3,512 ft2
    Living Area: 3,512 ft2
    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Basement Details:
    • Block
    • Egress Window(s)
    • Finished
    • Shared Access
    • Single Tenant Access
    • Storage Space

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 323 ft2
    Foundation Size: 1,214 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • Concrete
    • Detached
    • Garage Door Opener
    Shared Amenities:
    • In-Ground Sprinkler System
    • Laundry
    • Patio
    Road Frontage: City Street
    Exterior Material: Stucco
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 0.11
    Geolocation: 44.930751, -93.280002
    Lot Dimensions: 40 x 115

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: $1,500
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $3,054
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: $917
    Annual Water/Sewer Expense: $1,379
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $10,195
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $10,195

    Income

    Annual Gross Income: $52,200

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Keller Williams Select Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.