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For Sale:  Minneapolis MLS# 6807588

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Active
$319,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1913
1,864 sqft • 0.12 acres
Minneapolis schools
MLS# 6807588
763-576-8286
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    Property Description

    Discover an excellent investment or owner-occupant opportunity with this up-down duplex located in Minneapolis’s desirable Folwell neighborhood. Offering a total of 1, 864 finished square feet, this property features two spacious 3-bedroom, 1-bath units, each designed for comfortable living and long-term rental appeal. The upper unit is currently vacant, providing the perfect chance for a new owner to move in and enjoy immediate rental income from the lower unit, which currently rents for $$1750 per month. Both units share convenient on-site laundry in the basement and benefit from a large three-car off-street parking area—a rare find in the city. Residents will love the prime location, just two blocks from a public transit route and within walking distance of local parks, shops, and restaurants. The property’s proximity to everyday amenities and recreation makes it an attractive option for tenants and owners alike. Whether you’re looking to expand your investment portfolio or live in one unit while generating income from the other, this Folwell duplex is a standout opportunity in a growing rental market. Owner selling as is. All showings for lower occupied unit will need a 24 hour notice prior to showings.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $319,000
    Price per sq ft: $171
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1913
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55412
    Neighborhood/Area: Folwell
    Subdivision Name: Egberts Add

    Interior

    Finished Area: 1,864 ft2
    Living Area: 1,864 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details: Block

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 980 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features: Asphalt
    Road Frontage: City Street
    Exterior Material: Stucco
    Roof Details: Age Over 8 Years

    Lot & Land

    Acres: 0.12
    Geolocation: 45.017844, -93.306629
    Lot Dimensions: 39 x 128
    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
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,742
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,742

    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 PRO Realty Services LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.