For Sale: Minneapolis MLS# 7072454
Active
$469,900
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1924
2,200 sqft • 0.09 acres
Minneapolis schools
MLS# 7072454
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Property Description
Welcome to this classic up/down duplex in Northeast Minneapolis, offering timeless character, thoughtful updates, and exceptional flexibility for both owner-occupants and investors. The main-floor unit will be vacant at closing, creating an ideal opportunity to move in immediately or establish current market rent while benefiting from rental income from the upper unit, which is leased through November 15, 2026, at $1, 725 per month. Current rent reflects the existing, unimproved upper unit, and the property also offers additional income opportunities through garage, storage, pet, and potential future laundry income. Both units feature desirable 2-bedroom, 1-bath layouts with hardwood floors, abundant natural light, original built-ins, spacious living and dining rooms, charming archways, and private three-season porches. The main-floor unit has been freshly painted and includes new light fixtures along with an updated bathroom featuring new wainscoting, vanity, mirror, and lighting. Functional kitchens, comfortable bedrooms, and classic architectural details make each unit appealing to both occupants and tenants. The large attic and basement provide exceptional storage, workshop, hobby, or bonus space, while recent electrical updates add additional value. Outside, enjoy a detached one-stall garage, shared laundry, and all the conveniences of one of Northeast Minneapolis’ most desirable neighborhoods. Just minutes from Logan Park, Windom Park, local restaurants, breweries, coffee shops, the Great Northern Greenway, and downtown Minneapolis, this property combines immediate income, owner-occupant flexibility, and long-term investment potential in a premier location. Don’t miss out!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$469,900
Price per sq ft:
$214
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1924
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55418
Neighborhood/Area:
87
Subdivision Name:
Lincoln Street Sup East Side Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,200 ft2
Living Area:
2,200 ft2
Refrigerators:
Two
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
1
Garage Size:
100 ft2
Foundation Size:
2,200 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.09
Geolocation:
45.007916, -93.240017
Lot Dimensions:
43.8 X 84.95
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$540
Annual Fuel Expense:
$1,140
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,080
Annual Water/Sewer Expense:
$1,080
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,817
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,817
Income
Annual Gross Income:
$20,700
Rent
Annual Net Income:
$16,860
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.