For Sale: Minneapolis MLS# 7009578
Active
NEW!
$474,900
Multi-family: More Than 2 Stories
7 br • 3 ba • Built 1900
2,844 sqft • 0.13 acres
MLS# 7009578
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Property Description
Rare investment opportunity to acquire a historic up-and-down duplex in South Minneapolis with strong income and future upside. This multi-family property offers a total of 6 bedrooms, 3 bathrooms, a two car garage, and adjacent vacant lot of approximately 0.9 acres, providing potential for additional value through outdoor amenities or possible future development (buyer to verify zoning and use) Both units feature tall ceilings, updated kitchens, windows and solid long-term rental appeal. Full unfinished basement provides ample storage and operational utility. Strong structure and desirable unit layout. Ideal for investors seeking steady cash flow or owner occupants looking to offset housing cost. Both units are currently rented on a month-to-month basis, allowing flexibility for rent optimization or repositioning.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$474,900
Price per sq ft:
$167
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
More Than 2 Stories
Zip Code:
55407
Neighborhood/Area:
64
Subdivision Name:
Williams Addition
Interior
Bedrooms:
7
Bathrooms:
3
Finished Area:
2,844 ft2
Living Area:
2,844 ft2
Refrigerators:
Two
Basement Details:
- Full
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Size:
440 ft2
Foundation Size:
1,281 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Forced Air
Parking Features:
- Concrete
- Detached Garage
- Gravel
Road Frontage:
City Street
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.13
Geolocation:
44.9472203554, -93.2541409476
Lot Dimensions:
45 x 127
Addl Parcels:
0202824120120
Zoning:
- Residential-Multi-Family
- Residential-Single 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:
$2,800
Annual Fuel Expense:
$1,800
Annual Insurance Expense:
$3,500
Annual Maintenance Expense:
$1,000
Annual Trash Expense:
$600
Annual Water/Sewer Expense:
$2,400
Tenant Expenses:
Insurance, Lawn Care, Maintenance, Taxes, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,747
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,747
Income
Annual Gross Income:
$60,000
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 RE/MAX Advantage Plus.
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.