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For Sale:  Minneapolis MLS# 7113586

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Active NEW!
$474,990
/mo Edit
Multi-family:  Duplex Up and Down
6 br • 3 ba • Built 1900
2,614 sqft • 0.14 acres
Minneapolis schools
MLS# 7113586
763-576-8286
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    Property Description

    Charming duplex in the heart of South Minneapolis' Corcoran neighborhood! This well-maintained property features a 2 bed, 1 bath main floor unit and a spacious 4 bed, 2 bath upper-level unit. The main floor unit offers an open, sun-filled layout with an updated kitchen, vinyl double-pane windows, hardwood floors, and a lovely porch. The upper unit spans two levels with either three bedrooms plus a den or four bedrooms, a full bath, a half bath, an updated kitchen, and a large porch of its own. The main floor unit is currently leased through May 31, 2027, offering built-in rental income from day one. The upper level unit will be vacant at the end of September, making it a great opportunity for an owner-occupant to move in while keeping the main floor's rental income flowing. Recent updates include a new roof, updated electrical panels, and refreshed kitchens and baths throughout. A detached two-stall garage and driveway provide ample parking. Located just minutes from highways, the light rail, and the shops, restaurants, and parks.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $474,990
    Price per sq ft: $182
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55407
    Neighborhood/Area: 16
    Subdivision Name: Perkins Add

    Interior

    Bedrooms: 6
    Bathrooms: 3
    Finished Area: 2,614 ft2
    Living Area: 2,614 ft2
    Basement Details:
    • Full
    • Shared Access
    • Storage Space
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 2
    Garage Size: 360 ft2
    Foundation Size: 1,053 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Baseboard
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.14
    Geolocation: 44.94457, -93.239316
    Lot Dimensions: 121 x 50
    Zoning: Residential-Multi-Family

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $412
    Annual Fuel Expense: None
    Annual Insurance Expense: $4,824
    Annual Maintenance Expense: $5,439
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,292

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $8,210
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $8,497

    Income

    Annual Gross Income: $34,805

    Rent

    Annual Net Income: $11,083

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Electric
    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!

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    Listing provided by RMLS, courtesy of Bold North Real Estate LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.