For Sale: Minneapolis MLS# 6807639
Active
$499,000
Multi-family: Duplex Side by Side
Built 1960
3,456 sqft • 0.11 acres
Minneapolis schools
MLS# 6807639
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Property Description
This is a fantastic opportunity to obtain a side-by-side duplex in the Cooper Neighborhood. Bring on the owner occupants, investors, or those looking to house-hack! Newer roof, newer furnaces, newer water heaters! Both units have large useable space in the basements, separate laundry, and garage parking. It should be possible to add 4 legal bedrooms, 2 baths, and additional family rooms on each side. Estimated market rents of $1750 per side with the current configuration. Massive upside on rents should you add bedrooms and bathrooms. Opportunity to convert to a 4-plex?
Listing
Listing Status:
Active
Contingency:
None
List Price:
$499,000
Price per sq ft:
$144
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1960
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55406
Neighborhood/Area:
Cooper
Subdivision Name:
First Div Of Seven Oaks Acres
Interior
Finished Area:
3,456 ft2
Living Area:
3,456 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
Block
Exterior
Stories:
One
Garage Spaces:
2
Garage Size:
400 ft2
Foundation Size:
1,728 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.11
Geolocation:
44.947834, -93.216192
Lot Dimensions:
40 x 118
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:
$3,000
Annual Maintenance Expense:
None
Annual Gross Expense:
$11,648
Annual Trash Expense:
$800
Annual Water/Sewer Expense:
$1,000
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,849
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,849
Income
Annual Gross Income:
$16,200
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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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!
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.