For Sale: Minneapolis MLS# 6779268
Active
NEW!
$599,000
Multi-family: Duplex Up and Down
Built 1912
2,565 sqft • 0.11 acres
Minneapolis schools
MLS# 6779268
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Welcome to 3336 Lyndale, where charm, high income potential, minimal maintenance, and gorgeous updates meet in the heart of Minneapolis! This duplex is not just a home; it’s a savvy investment opportunity. With five bedrooms and three bathrooms spread over almost 2, 600 square feet, this property offers ample space for both living and generating rental income.
The lower unit is a cozy 2-bedroom, 1-bathroom haven, bringing in over $2, 000 monthly. Meanwhile, the vacant upper unit, with its 3 bedrooms and den (a potential 4th bedroom), and 2 full bathrooms, could fetch an estimated $2, 500 in rent. Making it great for a house hack or standalone investment.
Since 2021, this property has been revitalized with new siding, windows, roof, kitchens, bathrooms, AC splits, and many more updates (please see updates sheet). Situated across from Painter Park and within a stone's throw of your favorite coffee shops and dining, this home blends convenience with character. Whether you're sipping your morning brew from the comfort of your front porch or enjoying the vibrant neighborhood, this property is poised to please both residents and investors alike. Don't miss out on this charming, income-generating gem!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$599,000
Price per sq ft:
$234
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1912
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55408
Neighborhood/Area:
South Uptown
Subdivision Name:
Remingtons 2nd Add
Interior
Finished Area:
2,565 ft2
Living Area:
2,565 ft2
Basement Details:
- Storage Space
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
45x22
Garage Size:
450 ft2
Foundation Size:
928 ft2
Foundation Dimensions:
36x26
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Detached
Exterior Material:
- Brick/Stone
- Vinyl Siding
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.11
Geolocation:
44.941802, -93.288597
Lot Dimensions:
150 x 32
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$300
Annual Insurance Expense:
$1,500
Annual Maintenance Expense:
None
Annual Gross Expense:
$2,000
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities, Parking Fee, Sewer, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,066
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,066
Income
Annual Gross Income:
$54,828
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Compass.
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.