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For Sale:  Minneapolis MLS# 7016621

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Active NEW!
$240,000
/mo Edit
Multi-family:  2 Stories
4 br • 2 ba • Built 1900
1,857 sqft • 0.13 acres
MLS# 7016621
612-578-6927
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    Property Description

    Cash-flowing Northside duplex with strong upside. This is the investment opportunity you’ve been waiting for. This four-bedroom, two-bath property features two spacious units and is already producing income, making it ideal for both seasoned investors and those looking to expand their rental portfolio. Upstairs could be an owner occupied unit if desired. The lower unit has been thoughtfully updated and is move-in ready, providing immediate, reliable cash flow. Upstairs, the opportunity continues with a unit that offers solid layout and great bones, ready for cosmetic improvements that can significantly boost rental income and overall property value. With separate living spaces, generous room sizes, and strong rental demand in the area, this duplex offers the perfect blend of current returns and future upside. Whether you’re looking to stabilize, add value, or reposition the asset, the potential here is clear. Don’t miss your chance to secure a high-performing multifamily property with room to grow.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $240,000
    Price per sq ft: $129
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: 2 Stories
    Zip Code: 55411
    Neighborhood/Area: 36

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 1,857 ft2
    Living Area: 1,857 ft2
    Refrigerators: Two
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 24x24
    Garage Size: 576 ft2
    Garage Door Height: 7
    Garage Door Width: 16
    Foundation Size: 897 ft2
    Fencing: None
    Handicap Accessible: None
    Heating System: Gravity
    Parking Features: Detached Garage
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Pool: None
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.13
    Geolocation: 45.011885, -93.297196
    Lot Dimensions: 45 x 127
    Zoning: Residential-Multi-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: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $1,600
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,400
    Tenant Expenses: Cable TV, Electricity, Fuel

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: None
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: None

    Income

    Annual Gross Income: $31,200

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty - Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.