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Active NEW!
$419,900
/mo Edit
Multi-family:  More Than 2 Stories
10 br • 4 ba • Built 1891
3,590 sqft • 0.08 acres
MLS# 7014520
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    Property Description

    This building offers an exceptional East Hillside opportunity: two side-by-side duplexes just blocks from the lake, schools, shopping, and downtown Duluth. This substantial multi-family property combines spacious layouts with an ultra-convenient location that has long appealed to students, professionals, and long-term renters. Each side features multiple bedrooms, generous common areas, and functional kitchens, creating comfortable spaces for larger households, roommates, or co-living arrangements. High ceilings, big windows, and classic Duluth character add warmth and charm, while the side-by-side configuration lends a sense of privacy between units. Off-street parking and manageable yards support everyday livability and help keep maintenance practical for owners. With strong rental history potential and ongoing demand for well-located housing near the colleges and medical district, this is an excellent option for investors or an owner-occupant looking to live in one unit and rent the others.

    Listing

    Contingency: None
    Price per sq ft: $117
    City: Duluth
    County: St. Louis
    State: MN
    Property Style: More Than 2 Stories
    Zip Code: 55812
    Subdivision Name: Endion Div Of Duluth

    Interior

    Living Area: 3,590 ft2
    Basement Details: Full

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Garage Dimensions: 0
    Foundation Size: 3,590 ft2
    Foundation Dimensions: 25x40+4x5+5x6+7x8+7x20
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: On-Street Parking Only

    Lot & Land

    Acres: 0.08
    Geolocation: 46.802062, -92.077738
    Lot Dimensions: 69 x 50
    Zoning: Residential-Multi-Family

    Schools

    School District: 2223
    District Phone: 2183368700

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $4,320
    Annual Fuel Expense: $2,005
    Annual Insurance Expense: None
    Annual Maintenance Expense: $13,037
    Annual Trash Expense: $1,022
    Annual Water/Sewer Expense: $2,628
    Tenant Expenses: All Utilities, Cable TV, Electricity, Fuel, Sewer, Trash Collection, Water

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $6,418
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $6,447

    Income

    Annual Gross Income: $44,150

    Rent

    Annual Net Income: $27,995

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Minnesota Power

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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 RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.