For Sale: Minneapolis MLS# 7142239
Active
NEW!
$360,000
Multi-family: Duplex Up and Down
3 br • 2 ba • Built 1918
2,211 sqft • 0.1 acres
Minneapolis schools
MLS# 7142239
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10:30a - 12p
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Property Description
Prime Uptown/Whittier duplex offering an ideal combination of location, character and income potential. Situated in one of Minneapolis’ most walkable neighborhoods, just steps from Lyndale Avenue restaurants, coffee shops, shopping and nightlife, with convenient access to downtown, Lake of the Isles, Bde Maka Ska and public transit.
This classic 1918 duplex offers approximately 2, 211 square feet, hardwood floors and the charm of original Minneapolis architecture. An excellent opportunity for investors or owner occupants. Live in one unit and rent the other to help offset monthly housing costs. The property has a long history as a rental and is well positioned in a high demand rental area near downtown employers, hospitals, universities and entertainment.
Four off-street parking spaces add significant convenience and value for both residents and tenants. Major exterior improvements include a new roof and new siding in 2024. The manageable building and lot size make this an appealing alternative to larger multifamily properties. Upper unit is currently leased through May 31, 2027. A great opportunity to own a character filled duplex in the heart of Uptown/Whittier with both lifestyle and income potential.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$360,000
Price per sq ft:
$163
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1918
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55405
Neighborhood/Area:
84
Subdivision Name:
Lot 012 Block 001 Garfield Ave
Interior
Bedrooms:
3
Bathrooms:
2
Finished Area:
2,211 ft2
Living Area:
2,211 ft2
Refrigerators:
Two
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
908 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Shared Amenities:
Porch
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Pool:
None
Roof Details:
Asphalt
Rooms
Laundry:
- Common Area
- Lower Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.1
Geolocation:
44.9560092343, -93.2871036783
Lot Dimensions:
40 x 118.6
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Medium
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Broadband, Electricity, Gas, Lawn Care, Snow Removal
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$7,061
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$7,061
Income
Annual Gross Income:
$36,360
Rent
Annual Net Income:
$34,080
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 DRG.
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.