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For Sale:  Minneapolis MLS# 7045853

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Pending NEW!
$310,000
/mo Edit
Multi-family:  Duplex Side by Side
4 br • 2 ba • Built 1971
1,652 sqft • 0.11 acres
MLS# 7045853
763-576-8286
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    Property Description

    Secure your next investment property near the University. This duplex features two identical 2-bedroom, 1-bath units, both with unfinished basements, offering opportunities for more finished space. With a consistent rental history, this property offers solid long term potential. Or, if you are looking for a great owner-occupied property, stop paying rent and start building equity! This charming duplex is the ultimate "house hacking" opportunity. Live in one spacious 2-bedroom unit while the second unit’s rental income pays a portion of your mortgage. Located in a vibrant, high-demand area, you’ll enjoy the best of university life with the financial security of an investment property. And you can walk to Manning's for their amazing Onion Rings!

    Listing

    Listing Status: Pending
    Contingency: None
    List Price: $310,000
    Price per sq ft: $188
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1971
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55414
    Neighborhood/Area: 14
    Subdivision Name: Cole & Weeks Add

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 1,652 ft2
    Living Area: 1,652 ft2
    Refrigerators: One
    Basement Details:
    • Block
    • Full

    Exterior

    Stories: One
    Garage Spaces: 0
    Foundation Size: 1,748 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Road Frontage: City Street
    Exterior Material:
    • Block
    • Frame
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Rooms

    Laundry:
    • Gas Dryer Hookup
    • In Basement
    • Washer Hookup

    Lot & Land

    Acres: 0.11
    Geolocation: 44.985489, -93.215547
    Lot Dimensions: 125 x 40
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Medium

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,900
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,100
    Tenant Expenses: Broadband, Cable TV, Electricity, Gas, Heat, Telephone

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,252
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $5,252

    Income

    Annual Gross Income: $32,400
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $22,600

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

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