For Sale: Minneapolis MLS# 7069586
Active
NEW!
$349,700
Single Family: 2 Stories
6 br • 3 ba • Built 1925
2,404 sqft
Minneapolis schools
MLS# 7069586
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Property Description
Welcome to this turn key, high yield investment home just moments from Downtown Minneapolis, an exceptional property built for maximum rental income and investment performance. Offering 6 generous sized bedrooms, a bathroom on each one of the 3 floors and 2 kitchens! This creates a rare opportunity for high-occupancy rental strategies such as co-living, group housing, sober living, student housing, or traditional long-term rentals. It's currently making $4, 450/month with strong leases secured.
Significant updates include a new A/C unit installed in the home in 2024, two updated bathrooms, newer windows and new paint throughout the home! This home offers an opportunity to step into a great investment with the proof-of-concept and cashflow already in place! An oversized two-car garage with additional storage space on top gives for even more income potential! Please allow 24hrs for showings.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$349,700
Price per sq ft:
$145
Property Type:
Single Family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1925
State:
MN
Property Style:
2 Stories
Zip Code:
55411
Neighborhood/Area:
57
Subdivision Name:
Oak Park Add
Interior
Bedrooms:
6
Bathrooms:
3
Finished Area:
2,404 ft2
Total Fireplaces:
0
Living Area:
2,404 ft2
Common Wall:
No
Appliances Included:
- Dryer
- Exhaust Fan
- Gas Water Heater
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliances
- Washer
Basement Details:
- Block
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
- Walkout
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
21x21
Garage Size:
441 ft2
Air Conditioning:
Central Air
Foundation Size:
1,040 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Asphalt
- Detached Garage
- Shared Driveway
Exterior Material:
- Block
- Concrete
Rooms
1/4 Baths:
None
Full Baths:
2
Half Baths:
None
3/4 Baths:
1
Bathroom Details:
- Full Basement
- Main Floor Full Bath
- Upper Level 3/4 Bath
Dining/Kitchen:
- Eat In Kitchen
- Informal Dining Room
- Kitchen/Dining Room
- Living/Dining Room
Laundry:
- Lower Level
- Sink
| Upper Level | Size | Sq Ft |
|---|---|---|
| Bathroom | 6 x 7 | 42 |
| Bedroom 4 | 10 x 15 | 150 |
| Bedroom 3 | 16 x 12 | 192 |
| Main Level | Size | Sq Ft |
|---|---|---|
| Bathroom | 5 x 7 | 35 |
| Dining Room | 15 x 12 | 180 |
| Bedroom | 12 x 10 | 120 |
| Kitchen | 9 x 11 | 99 |
| Living Room | 15 x 14 | 210 |
| Bedroom 2 | 11 x 12 | 132 |
| Lower Level | Size | Sq Ft |
|---|---|---|
| Bathroom | 7 x 5 | 35 |
| Family Room | 14 x 18 | 252 |
| Bedroom 5 | 9 x 14 | 126 |
| Kitchen- 2nd | 12 x 16 | 192 |
| Bedroom 6 | 12 x 13 | 156 |
Lot & Land
Acres:
0
Geolocation:
44.98921, -93.299753
Lot Dimensions:
5227
Zoning:
Residential-Single Family
Schools
School District:
1
District Phone:
6126680000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$4,318
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,318
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Fuel System:
Natural Gas
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 LPT Realty, LLC.
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.