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For Sale:  Minneapolis MLS# 7006415

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Active NEW!
$360,000
/mo Edit
Multi-family:  1 Story
4 br • 2 ba • Built 1939
1,700 sqft • 0.13 acres
MLS# 7006415
763-576-8286
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    Property Description

    Solid duplex in the Erickson neighborhood of the Nokomis community. In an awesome location across from Minnehaha creek. Owner currently lives in the home and you can come with your vision for updates. The property is in great structural condition and offers excellent potential for a remodel that could significantly build equity. Each unit provides comfortable living space with spacious bedrooms. Flexibility to update and customize to your vision. This would be a great long term investment for a homesteader or rental property investor. Expansion potential in the lower level with excellent ceiling height. Strong rental potential after updates. Rental license needed for the City of Minneapolis, last held a license in 2016. Buyers to verify information, and determine their expenses. Sellers require 24 hour notice for all showings; 1pm to 6pm available.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $360,000
    Price per sq ft: $212
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1939
    State: MN
    Property Style: 1 Story
    Zip Code: 55406
    Neighborhood/Area: 25
    Subdivision Name: Glendale Park Add

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 1,700 ft2
    Living Area: 1,700 ft2
    Basement Details:
    • Full
    • Shared Access

    Exterior

    Stories: One
    Garage Spaces: 2
    Garage Dimensions: 21 x 21
    Garage Size: 441 ft2
    Garage Door Height: 6
    Foundation Size: 1,700 ft2
    Foundation Dimensions: 29 x 59
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Concrete
    • Detached Garage

    Rooms

    Laundry: In Basement

    Lot & Land

    Acres: 0.13
    Geolocation: 44.918215, -93.223348
    Lot Dimensions: 40 x 140
    Zoning: Residential-Multi-Family

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $6,942
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $7,130

    Income

    Annual Gross Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer - In Street
    Water System: City Water - In Street

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