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For Sale:  Minneapolis MLS# 6801868

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Active
$550,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1900
2,208 sqft • 0.08 acres
Minneapolis schools
MLS# 6801868
763-576-8286
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    Property Description

    Exceptional opportunity along the Mississippi River. This classic up and down duplex offers versatile living and investment potential in one of Minneapolis’s most desirable locations. The upper unit features five bedrooms and one full bath, while the lower unit includes four bedrooms and one bath. Each has a spacious kitchen, a generous living room, and a gas fireplace. A shared laundry area is conveniently located on the main floor. The unfinished basement includes a third bathroom and offers exciting expansion potential. It could be connected to the lower unit or converted into a separate studio for additional income. New exterior paint on siding and trim! Enjoy river views from the front of the property and easy access to walking and biking trails, coffee shops, restaurants, the University of Minnesota, stadiums, and several hospitals. This property is ideal for students, medical professionals, or anyone seeking proximity to the heart of the city. Additional highlights include off street parking, a prime location on one of Minneapolis’s most scenic parkways, and strong potential for long term equity and rental income growth. A rare find combining character, location, and opportunity.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $550,000
    Price per sq ft: $249
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55414
    Neighborhood/Area: Prospect Park - East River Road
    Subdivision Name: Meeker Island Land & Power Co Add Rev

    Interior

    Finished Area: 2,208 ft2
    Living Area: 2,208 ft2
    Basement Details: Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,232 ft2
    Handicap Accessible: None
    Heating System: Baseboard
    Exterior Material: Wood Siding

    Lot & Land

    Acres: 0.08
    Geolocation: 44.967461, -93.22467
    Lot Dimensions: .
    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: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $8,153
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,630

    Income

    Annual Gross 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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    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 Wits Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.