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For Sale:  Minneapolis MLS# 7038859

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Active NEW!
$749,900
/mo Edit
Multi-family:  Duplex Up and Down
4 br • 3 ba • Built 1919
4,584 sqft • 0.12 acres
MLS# 7038859
763-576-8286
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    Property Description

    Rare owner-occupant opportunity just blocks from Lake Harriet with immediate occupancy and strong in-place rental income. Classic South Minneapolis duplex in the heart of East Harriet, just blocks from Lake Harriet, neighborhood restaurants, parks, and everyday amenities. The main floor unit is vacant and move-in ready, making it ideal for a buyer who wants immediate occupancy. The upper unit is exquisitely updated with dedicated laundry and leased through April 2027, providing stable income from day one. Upper unit remodel 2025-$90, 000.00 The home also features well-appointed, updated finished lower-level space with a separate entrance, kitchen, bathroom, and living area, offering excellent flexibility for extended family, guests, or private owner-use space. Full of classic Minneapolis charm with hardwood floors, original millwork, and generous room sizes, thisduplex blends historic character with strong income potential in one of the city’s most sought-afterneighborhoods.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $749,900
    Price per sq ft: $164
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1919
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55409
    Neighborhood/Area: 20
    Subdivision Name: Remingtons 3rd Add

    Interior

    Bedrooms: 4
    Bathrooms: 3
    Finished Area: 4,584 ft2
    Living Area: 4,584 ft2
    Basement Details:
    • Egress Window(s)
    • Full
    • Owner Access
    • Storage Space

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 484 ft2
    Foundation Size: 1,528 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • Detached Garage
    • Guest Parking
    • Shared Driveway
    Shared Amenities:
    • Laundry
    • Other
    • Patio
    Road Frontage: City Street

    Rooms

    Laundry:
    • Common Area
    • In Unit
    • Laundry Room
    • Lower Level

    Lot & Land

    Acres: 0.12
    Geolocation: 44.924042, -93.288741
    Lot Dimensions: 42 x 124
    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: $6,000
    Annual Electric Expense: $2,684
    Annual Fuel Expense: None
    Annual Insurance Expense: $4,960
    Annual Maintenance Expense: None
    Annual Trash Expense: $560
    Annual Water/Sewer Expense: $1,679
    Tenant Expenses: Broadband, Cable TV, Gas

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $11,144
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $11,144

    Income

    Annual Gross Income: $59,400

    Rent

    Annual Net Income: $47,305

    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 Keller Williams Realty Integrity Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.