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Active Contingent NEW!
$545,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1914
2,674 sqft • 0.14 acres
Minneapolis schools
MLS# 6808254
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    Property Description

    Classic up and down duplex in Prospect Park. Lower unit has four bedrooms, one full bathroom and one 3/4 bathroom, freshly updated kitchen with granite countertops and stainless steel appliances, central heating and air conditioning, and is ready to be used by the new owner or new tenants. Upper unit has three bedrooms with one full bathroom and kitchen with granite countertops, central heating and air conditioning, and is occupied by long term tenants. Each unit has a designated washing machine and dryer in the laundry room. Owner pays for taxes and insurance, tenants share garbage, water and sewer expenses and are responsible for electricity and gas (each unit is metered separately). Property has two garages that are built on top of each other. The lower garage is rented to the upper unit and is accessible from the alley, the upper garage is accessible from the street via the driveway and has been traditionally used by the tenants of the lower unit in exchange for snow and lawn care. Both units share the backyard with deck and fire pit. The property has access to Chergosky Park, located across the back alley.

    Listing

    Contingency: Inspection
    Price per sq ft: $204
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55414
    Neighborhood/Area: Prospect Park - East River Road

    Interior

    Living Area: 2,674 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Egress Window(s)
    • Finished
    • Full
    • Shared Access

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 430 ft2
    Foundation Size: 1,066 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Forced Air
    Parking Features: Detached
    Shared Amenities:
    • Common Garden
    • Deck
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Exterior Material: Stucco
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 0.14
    Geolocation: 44.962288, -93.211577
    Lot Dimensions: 50X125
    Zoning: Residential-Multi-Family
    Lot Description:
    • Many Trees
    • Public Transit (w/in 6 blks)

    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: $5,520
    Annual Maintenance Expense: $500
    Annual Gross Expense: $15,312
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Electricity, Fuel

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $9,757
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,757

    Income

    Annual Gross Income: $50,153

    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!

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