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For Sale:  Minneapolis MLS# 6707158

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Active
$560,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1987
2,436 sqft • 0.18 acres
Minneapolis schools
MLS# 6707158
763-576-8286
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    Property Description

    Welcome to 2218 22nd Avenue S , located in the highly sought after, Historic Seward Neighborhood of Minneapolis. Owner occupy, or an incredible investment property, proven highly successful short/mid term rental property. Walkability at its finest, and seconds to the famous Milwaukee Avenue, close to freeways, shopping, (boutique, shops, and restaurants along Franklin Avenue and Lake Street corridors, hospitals, the U of M, Augsburg University, Colleges and more. This up/down Style Duplex is truly a magical place, with lots of green elements, that will not disappoint. This property has been loved by its current and past owners. The current owners occupied the upper unit themselves and truly loved living here. They have continuously leased (short-term) out the lower-level unit during their ownership and have enjoyed that experience as well, they have never had an issue with it being occupied. Almost all their short-term tenants have extended their stays. This property is suitable for long- or short-term rental, depending on your wants/needs. Sellers willing to help with any of this information they can provide for the new buyers. Just under 2500 ft.² both units boast, lots of light and storage, 3 spacious bedrooms each, 1 full bath each, a family and dining room, both incredible, spacious, feel-good floorplans, shared secure entry, laundry room, yard, each unit comes with one garage stall. (Or 2 for you) There is extra off-street parking and always plenty of parking available for guests. The upper unit has a deck, fully fenced in oversized yard. The sellers have done many thoughtful improvements, and updates since they have purchased it. This truly special property will not last. (6 beds, 2 baths total). This is an excellent opportunity to own a cash flow positive investment property. Lower unit comes fully furnished with the right offer.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $560,000
    Price per sq ft: $230
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1987
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55404
    Neighborhood/Area: Seward
    Subdivision Name: Odoherty & Oreillys Add

    Interior

    Finished Area: 2,436 ft2
    Living Area: 2,436 ft2
    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Basement Details:
    • Daylight/Lookout Windows
    • Drain Tiled
    • Egress Window(s)
    • Finished
    • Full
    • Single Tenant Access
    • Sump Pump
    • Wood

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 22x22
    Garage Size: 484 ft2
    Foundation Size: 1,152 ft2
    Fencing: Full, Wire, Wood
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Other
    Parking Features:
    • Detached
    • Garage Door Opener
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    Exterior Material: Vinyl Siding
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lot & Land

    Acres: 0.18
    Geolocation: 44.960219, -93.241409
    Lot Dimensions: 50 x 158
    Zoning: Residential-Single Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Some Trees

    Farm

    Topography: Level, Sloped

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $7,028
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $7,028

    Income

    Annual Gross Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Electric
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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.