For Sale: Minneapolis MLS# 7070173
Active
$385,000
Multi-family: Duplex Up and Down
8 br • 2 ba • Built 1905
2,446 sqft • 0.14 acres
Minneapolis schools
MLS# 7070173
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Property Description
Great Income earning opportunity! Seller needs 24 hr notice prior to showing.
Duplex up and down w/ Lower unit 3 BR and Upper unit 5 BR. 2 blks from Abbott Northwestern Hospital and Stewart Field Park nice duplex. 2 Central AC. 2 forced air furnaces. 2009 vinyl siding and roof.
Photos have been virtually decluttered to show the layout and features of the units. Both units are currently tenant occupied, The lower unit will be vacant before closing.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$385,000
Price per sq ft:
$157
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1905
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55407
Neighborhood/Area:
54
Interior
Bedrooms:
8
Bathrooms:
2
Finished Area:
2,446 ft2
Living Area:
2,446 ft2
Refrigerators:
Three
Basement Details:
Crawl Space
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Foundation Size:
1,672 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Open
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Roof Details:
Asphalt
Lot & Land
Acres:
0.14
Geolocation:
44.9514479419, -93.2579051093
Lot Dimensions:
49 x 128
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$5,400
Annual Fuel Expense:
$1,400
Annual Insurance Expense:
$2,600
Annual Maintenance Expense:
$2,400
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,900
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,818
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
None
Income
Annual Gross Income:
$25,200
Rent
Annual Net Income:
$22,000
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
- City Sewer - In Street
- City Sewer/Connected
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.
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Listing provided by RMLS,
courtesy of America's Realty Group 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.