For Sale: Minneapolis MLS# 7139649
Active
NEW!
$410,000
Multi-family: Duplex Up and Down
6 br • 3 ba • Built 1924
2,518 sqft • 0.14 acres
Minneapolis schools
MLS# 7139649
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Property Description
Income-producing property with space available for an owner-occupant in a great South Minneapolis location! Live in the vacant main-floor unit while collecting $1, 450/month from the upper unit and $1, 000/month from the basement unit. The property has been well cared for and features hardwood floors, a large yard, good-condition windows and roof, and several updates throughout. Conveniently located near shops, restaurants, schools, parks, and easy access to everything South Minneapolis has to offer. Move in and let the existing rental income help offset your monthly payment, or rent all three units for additional income potential.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$410,000
Price per sq ft:
$163
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1924
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55407
Neighborhood/Area:
16
Subdivision Name:
Wilbers 2nd Add
Interior
Bedrooms:
6
Bathrooms:
3
Finished Area:
2,518 ft2
Living Area:
2,518 ft2
Refrigerators:
One Per Unit, Three
Basement Details:
- Egress Window(s)
- Finished
- Full
- Shared Access
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
24x20
Garage Size:
480 ft2
Foundation Size:
1,019 ft2
Foundation Dimensions:
46'4x22
Fencing:
Full, Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Boiler
- Hot Water
- Radiator
Parking Features:
- Concrete
- Detached Garage
- No Int Access to Dwelling
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
- Brick
- Concrete
- Frame
Pool:
None
Roof Details:
- Age Over 8 Years
- Asphalt
Rooms
Laundry:
- Electric Dryer Hookup
- In Basement
- Washer Hookup
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.14
Geolocation:
44.938299, -93.246434
Lot Dimensions:
50 x 125
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$500
Annual Fuel Expense:
$500
Annual Insurance Expense:
$3,000
Annual Maintenance Expense:
$900
Annual Trash Expense:
$1,500
Annual Water/Sewer Expense:
$1,500
Tenant Expenses:
Broadband, Cable TV, Electricity, Gas, Heat
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$8,436
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,436
Income
Annual Gross Income:
$46,800
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$29,868
Units
Total Units:
3
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 Fuze Real Estate.
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.