For Sale: Minneapolis MLS# 7129402
Active
NEW!
$405,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1900
1,680 sqft • 0.17 acres
Minneapolis schools
MLS# 7129402
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Property Description
Rare Handicap-Accessible Duplex in Coveted Seward Neighborhood! Welcome to this spacious duplex in the quiet Seward neighborhood of Minneapolis, ideally located near the Mississippi River, parks, restaurants, green spaces, the Grand Rounds trail system, and the popular Midtown Greenway connecting to Uptown. The main level offers true wheelchair accessibility, featuring a ramped entrance, 40-inch exterior doorway, lower 32-inch-high kitchen countertops and stove for ease of use, and a fully updated accessible bathroom with a large roll-in shower. The upper level offers three bedrooms and provides excellent rental potential, making this an ideal opportunity to live comfortably on one level while generating rental income from the other. Outside, enjoy the large, shaded deck-perfect for relaxing on warm summer evenings. The generous yard provides plenty of space to create your own garden, grow vegetables, or simply enjoy the outdoors. Recent improvements include a newer roof, newer siding, and a fully updated upper-level bathroom and new water heater. The location offers convenient access to some of Minneapolis' best trails, including the Grand Rounds and Midtown Greenway, while keeping you close to the Mississippi River and neighborhood amenities. Live in the accessible main level and rent the upper level, or take advantage of the property's excellent investment potential or both. Run the numbers-this one works!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$405,000
Price per sq ft:
$241
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55406
Neighborhood/Area:
67
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,680 ft2
Living Area:
1,680 ft2
Refrigerators:
One Per Unit
Basement Details:
- Partial
- Unfinished
Exterior
Stories:
Modified Two Story
Garage Spaces:
1
Garage Dimensions:
8x16
Garage Size:
128 ft2
Garage Door Height:
6
Garage Door Width:
6
Foundation Size:
1,680 ft2
Foundation Dimensions:
20x44
Fencing:
Chain Link
Handicap Accessible:
Reduced Height Counters, Doors 36"+, Fully Wheelchair, Grab Bars In Bathroom, Door Lever Handles, No Stairs Internal, Wheelchair Ramp(s), Roll-In Shower
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Concrete
- Detached Garage
Shared Amenities:
Deck
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
Exterior Material:
- Frame
- Stone
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
- Gas Dryer Hookup
- In Basement
- Lower Level
- Washer Hookup
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.17
Geolocation:
44.955751, -93.230366
Lot Dimensions:
48 x 157
Zoning:
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,000
Annual Maintenance Expense:
$200
Annual Trash Expense:
$420
Annual Water/Sewer Expense:
$1,700
Tenant Expenses:
Cable TV, Electricity, Gas, Heat
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,750
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,750
Income
Annual Gross Income:
$39,600
Rent
Annual Net Income:
$31,350
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Water System:
City Water - In Street
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 Coldwell Banker Realty.
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.