For Sale: Minneapolis MLS# 7040569
Active
NEW!
$674,900
Multi-family: Duplex Up and Down
6 br • 2 ba • Built 1908
2,940 sqft • 5822 acres
MLS# 7040569
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Property Description
Expansive duplex ideally situated in the heart of Lowry Hill East, offering exceptional versatility and investment potential. A rare opportunity exists to convert to a triplex by completing the partially finished, generously sized third level.
Each unit features a spacious living room, formal dining room, three well-appointed bedrooms, and an updated bath. Timeless character shines throughout with gleaming hardwood floors, soaring ceilings, and rich natural woodwork.
The third level has been recently insulated and framed, providing the foundation for two additional bedrooms, a bathroom, kitchenette, and expansive living area. A substantial unfinished basement offers abundant storage with multiple rooms.
Additional highlights include separately metered gas and electric, two new boilers, a new roof, refrigerators, stoves, kitchen island, kitchen cabinets, kitchen flooring, light fixtures, interior and exterior paint, rear deck on the second floor, blinds, smart door locks and boiler thermostats.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$674,900
Price per sq ft:
$230
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1908
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55405
Neighborhood/Area:
47
Subdivision Name:
Lyndale Ave Add
Interior
Bedrooms:
6
Bathrooms:
2
Finished Area:
2,940 ft2
Living Area:
2,940 ft2
Refrigerators:
Two
Basement Details:
- Full
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
24x24
Garage Size:
576 ft2
Foundation Size:
2,979 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Asphalt
- Detached Garage
Shared Amenities:
- Concrete Floors & Walls
- Deck
- Laundry
Road Frontage:
City Street
Exterior Material:
Block
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Rooms
Laundry:
- Common Area
- In Basement
- Laundry Room
Lot & Land
Acres:
5822
Geolocation:
44.958602, -93.292209
Lot Dimensions:
48 x 128
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,000
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,500
Annual Water/Sewer Expense:
$1,500
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,991
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,991
Income
Annual Gross Income:
$5,040,000
Rent
Annual Net Income:
$37,679
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
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 Keller Williams Premier Realty Lake Minnetonka.
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.