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For Sale:  Minneapolis MLS# 6807306

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Active
$459,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1892
3,370 sqft • 0.13 acres
Minneapolis schools
MLS# 6807306
763-576-8286
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    Property Description

    Fantastic opportunity in a prime Minneapolis location. This versatile property is currently used as a duplex but offers flexibility to be converted into a triplex or a spacious single-family home. Zoned R2, there is also room to add a garage, making it a great investment for future expansion. The clean, unfinished basement already has framing in place and is ready to be finished to your liking. Major updates provide peace of mind, including a new roof installed in 2024 and two new furnaces added in September 2021. Additional improvements include new windows, siding, interior and exterior paint, carpeting, and flooring throughout. A custom paver walkway and driveway enhance the curb appeal and overall functionality of the property. This property comes with a clean TISH report and a Minneapolis Tier 1 Rental License. The duplex is currently vacant and ready for new tenants or owner occupancy. When previously rented, the lower unit brought in $1, 900 per month and the upper unit rented for $2, 700 per month. Whether you're looking to invest, live on-site, or redesign the space to suit your needs, this property offers excellent potential in a desirable neighborhood. Agents and buyers to verify all measurements and information.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $459,000
    Price per sq ft: $136
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1892
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55408
    Neighborhood/Area: Lyndale
    Subdivision Name: Bakers 2nd Add

    Interior

    Finished Area: 3,370 ft2
    Living Area: 3,370 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details: Full

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 1,248 ft2
    Fencing: Chain Link, Wood
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • Driveway - Other Surface
    • Open
    Road Frontage: City Street
    Exterior Material:
    • Metal Siding
    • Vinyl Siding
    • Wood Siding
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 0.13
    Geolocation: 44.942759, -93.275728
    Lot Dimensions: 45 x 129
    Zoning: Residential-Multi-Family
    Lot Description: Some Trees

    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: $5,952
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,952

    Income

    Annual Gross Income: None

    Units

    Total Units: 3

    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 known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    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 Pemberton RE.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.