For Sale: Minneapolis MLS# 7114434
Active
NEW!
$299,900
Multi-family: Duplex Up and Down
2 br • 2 ba • Built 1897
1,427 sqft • 0.11 acres
Minneapolis schools
MLS# 7114434
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Property Description
Fantastic owner-occupant or investment opportunity in Minneapolis' highly desirable Whittier neighborhood! This well-located duplex features two separate 1 bedroom, 1 bathroom units, offering flexibility for a buyer looking to live in one unit while generating rental income from the other, or an investor seeking a solid addition to their portfolio.
The upper unit is currently rented for $900/month and the lower unit is currently rented for $1, 100/month. Each unit has its own dedicated garage stall in the detached 2-car garage, providing valuable off-street parking and added convenience. Additional highlights include a 2021 water heater serving one unit and a functional layout with separate living spaces. Located near Uptown restaurants, shopping, parks, public transportation, and downtown Minneapolis, this property offers the perfect combination of location, income potential, and long-term upside. Whether you're looking to start building your real estate portfolio or offset your housing expenses by living in one unit and renting the other, this duplex is a great opportunity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$299,900
Price per sq ft:
$210
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1897
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55408
Neighborhood/Area:
84
Subdivision Name:
J T Blaisdells Rev Add
Interior
Bedrooms:
2
Bathrooms:
2
Finished Area:
1,427 ft2
Living Area:
1,427 ft2
Refrigerators:
Two
Basement Details:
- Block
- Storage Space
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
484 ft2
Foundation Size:
1,128 ft2
Fencing:
Full
Handicap Accessible:
None
Heating System:
- Forced Air
- Hot Water
Pool:
None
Roof Details:
Age Over 8 Years
Rooms
Laundry:
- In Unit
- Main Level
- Upper Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.11
Geolocation:
44.954192, -93.280835
Lot Dimensions:
30 x 165
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,200
Annual Fuel Expense:
$2,400
Annual Insurance Expense:
$2,000
Annual Maintenance Expense:
$2,500
Annual Trash Expense:
$990
Annual Water/Sewer Expense:
$990
Tenant Expenses:
Electricity, Fuel, Grounds Care, Lawn Care
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,098
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,098
Income
Annual Gross Income:
$24,000
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 The Leo Agency.
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.