For Sale: Minneapolis MLS# 7011628
Active
NEW!
$325,000
Multi-family: 2 Stories
6 br • 2 ba • Built 1925
2,047 sqft • 0.19 acres
MLS# 7011628
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Property Description
Income-producing up-down duplex updated in 2023. This property is fully occupied, offering immediate rental income from two 3-bedroom, 1-bathroom units. The main level unit includes dedicated laundry in the basement, while the upper unit features laundry on the living level. Property includes a detached 2-car garage. This is an established income-producing asset.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$325,000
Price per sq ft:
$159
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1925
State:
MN
Property Style:
2 Stories
Zip Code:
55412
Neighborhood/Area:
81
Subdivision Name:
Auditors Sub 198
Interior
Bedrooms:
6
Bathrooms:
2
Finished Area:
2,047 ft2
Living Area:
2,047 ft2
Refrigerators:
One Per Unit
Basement Details:
Shared Access
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
20x20
Garage Size:
400 ft2
Foundation Size:
1,224 ft2
Fencing:
None
Handicap Accessible:
Reduced Height Cabinets, Soaking Tub
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached Garage
Road Frontage:
City Street
Exterior Material:
- Block
- Brick
- Concrete
- Stone
Pool:
None
Roof Details:
Asphalt
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.19
Geolocation:
45.031234, -93.289747
Lot Dimensions:
61 x 127
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$990
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
$1,300
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,009
Tenant Expenses:
All Utilities, Cable TV, Electricity, Gas, Heat, Hot Water, Telephone, Trash Collection, Water
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,919
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$5,919
Income
Annual Gross Income:
$34,067
Rent
Annual Net Income:
$24,480
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:
Xcel Energy
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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 Integrity NW.
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.