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For Sale:  Minneapolis MLS# 7001936

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Active NEW!
$530,000
/mo Edit
Multi-family:  Duplex Up and Down
6 br • 2 ba • Built 1961
2,142 sqft • 0.12 acres
MLS# 7001936
763-576-8286
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    Property Description

    Fantastic duplex opportunity for both investors and owner-occupants! Each unit features 3 bedrooms, 1 bathroom, a spacious living area, and a charming eat-in kitchen—offering a functional and comfortable layout. The lower-level unit is currently rented on a month-to-month basis (60-day notice required), providing immediate rental income, while the upper-level unit is vacant and move-in or rent-ready. This property has been thoughtfully updated over the years, including new furnaces, exterior improvements, and a new roof in 2021. More recent updates include upgraded electrical panels, central A/C added to both units, refinished hardwood floors, new carpet, fresh paint in the common areas and upper unit, refinished cast iron tubs, updated windows, and more. Whether you’re looking to grow your investment portfolio or offset your mortgage by living in one unit and renting the other, this property is a must-see. Schedule your showing today!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $530,000
    Price per sq ft: $247
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1961
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55410
    Neighborhood/Area: 1
    Subdivision Name: Harriet Manor

    Interior

    Bedrooms: 6
    Bathrooms: 2
    Finished Area: 2,142 ft2
    Living Area: 2,142 ft2
    Basement Details: Block

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,071 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Open
    Shared Amenities: Laundry
    Road Frontage:
    • City Street
    • Paved Streets
    Roof Details: Asphalt

    Rooms

    Laundry:
    • In Basement
    • Laundry Room
    • Lower Level
    • Sink

    Lot & Land

    Acres: 0.12
    Geolocation: 44.896647, -93.317918
    Lot Dimensions: 40 x 127
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Medium

    Schools

    School District: 558
    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: Electricity, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $7,416
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,556

    Income

    Annual Gross Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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 Coldwell Banker Realty - Southwest Regional.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.