For Sale: Minneapolis MLS# 7033843
Active
NEW!
$450,000
Multi-family: Duplex Side by Side
5 br • 2 ba • Built 1959
1,988 sqft • 0.11 acres
MLS# 7033843
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Property Description
Well-maintained side-by-side duplex in a convenient South Minneapolis location, an excellent opportunity for investors seeking steady rental income. Both units are currently rented, featuring hardwood floors and bright kitchens with large windows that bring in great natural light. The property includes a spacious 3-bedroom unit renting for $1, 800/month and a 2-bedroom unit renting for $1, 700/month, with tenants responsible for their own gas and electric, helping keep owner expenses lower. It is ideally located near neighborhood parks, restaurants, coffee shops, and everyday shopping. Enjoy easy access to Minneapolis’ renowned park and trail system and nearby lakes. Commuters will appreciate quick access to I-35W and convenient connections to downtown Minneapolis. A solid investment opportunity in a vibrant and well-connected area of the city.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$450,000
Price per sq ft:
$226
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1959
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55409
Neighborhood/Area:
6
Subdivision Name:
Portland Park Add
Interior
Bedrooms:
5
Bathrooms:
2
Finished Area:
1,988 ft2
Living Area:
1,988 ft2
Refrigerators:
Two
Basement Details:
- Block
- Daylight/Lookout Windows
- Full
- Single Tenant Access
Exterior
Stories:
One
Garage Spaces:
0
Foundation Size:
1,988 ft2
Foundation Dimensions:
36x56
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Concrete
- Open
Shared Amenities:
None
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Street Lights
Pool:
None
Lot & Land
Acres:
0.11
Geolocation:
44.930383, -93.26849
Lot Dimensions:
41.10 X 122.10
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,400
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,800
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,496
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,496
Income
Annual Gross Income:
None
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
None
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 RE/MAX Results.
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.