For Sale: Minneapolis MLS# 7105318
Active
$379,900
Multi-family: Duplex Side by Side
4 br • 4 ba • Built 1940
2,550 sqft • 0.14 acres
Minneapolis schools
MLS# 7105318
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Property Description
4-Unit Multi-Family (non-conforming) investment opportunity with strong income potential! This fully leased 4 unit property offers a desirable mix of one-bedroom, studio, and two-bedroom layouts, providing diversified rental income and consistent tenant demand. Professionally managed and holding two rental licenses (zoned as a DUPLEX), this property is an excellent addition to an investment portfolio or a great opportunity for an owner looking to expand their holdings. The building features approximately 2, 550 finished square feet and has an established occupancy history with leases already in place. Tenant leases are available for qualified buyers. Conveniently located near parks, shopping, restaurants, public transportation, and major commuter routes, this property combines stable occupancy with long-term investment potential. Don't miss this rare opportunity to acquire a fully occupied multifamily asset in Minneapolis.
Tenants are charged a monthly flat fee for electricity, gas, water, sewer & trash. This amount is already wrapped into the monthly rent that was stated.
Buyer and Buyer's Agent to verify all details, including square footage.
24 Hour Tenant Notice required for showings.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$379,900
Price per sq ft:
$149
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1940
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55412
Neighborhood/Area:
79
Subdivision Name:
Victory Park Add
Interior
Bedrooms:
4
Bathrooms:
4
Finished Area:
2,550 ft2
Living Area:
2,550 ft2
Basement Details:
Finished
Exterior
Stories:
One and One Half
Garage Spaces:
2
Garage Size:
400 ft2
Foundation Size:
1,600 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
- Baseboard
- Forced Air
Parking Features:
Detached Garage
Rooms
Laundry:
- In Basement
- Laundry Room
- Lower Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.14
Geolocation:
45.033243, -93.314006
Lot Dimensions:
60 x 102
Zoning:
- Other
- Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$6,000
Annual Electric Expense:
$4,320
Annual Fuel Expense:
$1,220
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
$828
Annual Water/Sewer Expense:
$2,160
Tenant Expenses:
Cable TV, Telephone, See Remarks
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,887
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,887
Income
Annual Gross Income:
$51,024
Units
Total Units:
4
Miscellaneous
Fuel System:
Other
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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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 Fuze Real Estate.
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.