For Sale: Minneapolis MLS# 7108171
Active
NEW!
$650,000
Multi-family: Duplex Up and Down
4 br • 3 ba • Built 1900
2,678 sqft • 0.12 acres
Minneapolis schools
MLS# 7108171
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Property Description
Perfectly positioned in the heart of South Uptown, this 1900-built up-and-down duplex combines classic architectural character with a full slate of modern, high-value upgrades. Each 2-bedroom unit offers over 1, 300 sq ft of living space, private entrances, updated kitchens, and individual ductless mini-split climate control. Unit #1 includes a full bath plus half bath; Unit #2 features a full bath and is leased through September 30, 2026, with availability October 1, 2026 - ideal for owner-occupancy or new tenant placement. Recent improvements include a newer roof (August 2023), two on-demand boilers still under warranty, ductless mini-splits installed within the last 3-4 years, separate electrical and gas service, a recently replaced dryer, and free shared laundry. The fully fenced backyard features a brick paver patio, fire pit, and water feature, while a detached 3-car garage with additional parking pad creates multiple income opportunities. Just blocks from Lake Bde Maka Ska, Black Walnut Bakery, and other vibrant neighborhood amenities, the property currently generates $5, 175/month with income in place through spring 2027 and clear potential to boost returns through rent increases, full garage and pad rental, coin laundry, and short-term rental potential. Whether you're seeking a turnkey addition to your portfolio or a home that significantly offsets your living expenses, this is a rare opportunity in today's multi-family market.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$650,000
Price per sq ft:
$243
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55408
Neighborhood/Area:
70
Subdivision Name:
Remingtons 2nd Add
Interior
Bedrooms:
4
Bathrooms:
3
Finished Area:
2,678 ft2
Living Area:
2,678 ft2
Refrigerators:
One Per Unit
Basement Details:
- Daylight/Lookout Windows
- Full
- Shared Access
- Storage Space
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
3
Garage Dimensions:
33 x 22
Garage Size:
726 ft2
Foundation Size:
1,040 ft2
Foundation Dimensions:
43'4 x 24
Fencing:
Full, Privacy, Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Ductless Mini-Split
- Radiator
Parking Features:
- Concrete
- Covered
- Detached Garage
Shared Amenities:
- Laundry
- Patio
- Sauna
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Street Lights
Exterior Material:
- Frame
- Stone
Pool:
None
Roof Details:
- Age 8 Years or Less
- Architectural Shingle
- Asphalt
Rooms
Laundry:
- Common Area
- Gas Dryer Hookup
- In Basement
- Washer Hookup
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.12
Geolocation:
44.941033, -93.29545
Lot Dimensions:
42 x 128
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- 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:
$4,400
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities, Broadband, Cable TV, Electricity, Gas, Parking Fee, Sewer, Trash Collection, Water
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$12,779
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,779
Income
Annual Gross Income:
$62,100
Misc. Annual Income:
$4,800
Misc. Monthly Income:
$400
Rent
Annual Net Income:
$57,700
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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 Doro Real Estate.
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.