For Sale: Minneapolis MLS# 7126850
Active
NEW!
$520,000
Multi-family: Duplex Up and Down
7 br • 3 ba • Built 1900
2,935 sqft • 0.11 acres
Minneapolis schools
MLS# 7126850
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Property Description
Versatile South Minneapolis duplex offering flexibility for an owner-occupant or investor. The property features two spacious residential units plus a furnished, ground-level nonconforming studio. Both main units are currently tenant occupied, with rents below current market levels, while the studio is vacant and ready for immediate use. Unit 1 is month-to-month, providing additional flexibility for a future owner. Generous living space and an oversized 2-car garage add to the appeal. A strong opportunity for a buyer looking for rental income today with room to increase value over time. Conveniently located near restaurants, shops, transit, and everything South Minneapolis has to offer.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$520,000
Price per sq ft:
$177
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55408
Neighborhood/Area:
84
Subdivision Name:
J T Blaisdells Rev Add
Interior
Bedrooms:
7
Bathrooms:
3
Finished Area:
2,935 ft2
Living Area:
2,935 ft2
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
4
Garage Size:
324 ft2
Foundation Size:
369 ft2
Fencing:
Wood
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
Detached Garage
Rooms
Laundry:
In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.11
Geolocation:
44.954274, -93.280834
Lot Dimensions:
4950
Zoning:
Residential-Multi-Family
Schools
School District:
1
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:
2026
Annual Taxes:
$7,950
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$10,202
Income
Annual Gross Income:
$44,220
Rent
Annual Net Income:
None
Units
Total Units:
2
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 Real Broker, LLC.
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.