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For Sale:  Minneapolis MLS# 7011642

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Active NEW!
$595,000
/mo Edit
Multi-family:  2 Stories
6 br • 3 ba • Built 1905
2,352 sqft • 0.12 acres
MLS# 7011642
763-576-8286
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    Property Description

    Fantastic duplex opportunity in Northeast Minneapolis. This up and down duplex has been remodeled and shows beautifully, offering flexibility for an owner occupant or a strong cash flowing investment. Each unit features 3 bedrooms and 1 full bathroom with spacious layouts and modern finishes throughout. The basement provides excellent storage space along with laundry access. A large detached garage offers plenty of room for parking or additional storage, plus extra off street parking behind the property. Live in one unit and rent the other, or add a solid income producing property to your portfolio. A rare chance to own a move in ready duplex in a highly desirable location.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $595,000
    Price per sq ft: $253
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1905
    State: MN
    Property Style: 2 Stories
    Zip Code: 55413
    Neighborhood/Area: 68
    Subdivision Name: Cutters Add

    Interior

    Bedrooms: 6
    Bathrooms: 3
    Finished Area: 2,352 ft2
    Living Area: 2,352 ft2
    Refrigerators: Two
    Basement Details:
    • Concrete
    • Daylight/Lookout Windows
    • Shared Access
    • Storage Space
    • Sump Pump

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 25x25
    Garage Size: 625 ft2
    Foundation Size: 1,176 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Covered
    • Detached Garage
    • Electric
    • More Parking Onsite for Fee
    • Storage
    Shared Amenities: Patio
    Road Frontage:
    • Curbs
    • Paved Streets
    • Sidewalks
    • Street Lights
    Pool: None
    Roof Details: Asphalt

    Rooms

    Laundry:
    • Electric Dryer Hookup
    • Gas Dryer Hookup
    • In Basement
    • Sink
    • Washer Hookup

    Lot & Land

    Acres: 0.12
    Geolocation: 45.000298, -93.260621
    Lot Dimensions: 40 x 135
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $4,773
    Annual Maintenance Expense: $2,195
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,431

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $7,628
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,628

    Income

    Annual Gross Income: $53,655
    Misc. Annual Income: $1,535
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $5,775

    Units

    Total Units: 2

    Miscellaneous

    Fuel System:
    • Electric
    • 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 Compass.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.