For Sale: Minneapolis MLS# 7056474
Active Contingent
$339,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1886
3,400 sqft • 0.104 acres
Minneapolis schools
MLS# 7056474
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Property Description
Spacious multifamily income property ideally located in a vibrant urban neighborhood just steps from a beautiful Powerhorn park with a scenic lake. This well-maintained home offers strong rental potential with multiple units, each featuring comfortable living spaces and modern amenities. Residents enjoy easy access to restaurants, shops, public transit, and outdoor recreation, , making it an attractive investment opportunity in a high-demand, walkable area. All units have been renovated with updated kitchen, new appliances, updated tile bathrooms, paint and refinished original wood floors. Upper unit has unique over-sized third story bedroom, newly renovated with carpet throughout. two car garage with opener and additional on-site parking. Partially fenced yard, grill deck and porches for entertaining. Unit one has 2 bedrooms, one full bath. Unit two has 3 bedrooms, one 3/4 bath. Income property in area is un the $1800-$2000/mo. range. This home is situated in an ideal location, quite street with recreation right outside front door. Don't miss this opportunity!
NOTE: 3rd floor mini-split (heat and air) will be installed by seller, as well as closet in main level bedroom.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$339,000
Price per sq ft:
$100
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1886
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55407
Neighborhood/Area:
64
Subdivision Name:
Swans 1st Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
3,400 ft2
Living Area:
3,400 ft2
Refrigerators:
Two
Basement Details:
- Partial
- Storage Space
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
16x20
Garage Size:
320 ft2
Foundation Size:
2,094 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Heat Pump
Parking Features:
- Asphalt
- Detached Garage
- Garage Door Opener
Road Frontage:
City Street
Exterior Material:
- Block
- Frame
- Stone
Roof Details:
- Age Over 8 Years
- Asphalt
Rooms
Shared Rooms:
Other
Laundry:
In Unit
Lot & Land
Acres:
0.104
Geolocation:
44.946197, -93.258475
Lot Dimensions:
37 x 123
Zoning:
Residential-Multi-Family
Farm
Topography:
Level
Schools
School District:
1
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:
2026
Annual Taxes:
$4,061
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,061
Income
Annual Gross Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer - In Street
Water System:
City Water - In Street
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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 Edina Realty, Inc..
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.