For Sale: Minneapolis MLS# 7118027
Active
NEW!
$399,000
Multi-family: Duplex Side by Side
4 br • 3 ba • Built 1926
1,648 sqft • 0.12 acres
Minneapolis schools
MLS# 7118027
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Property Description
Step inside and you can feel the difference. This duplex was owner occupied for years, and it shows in the details, from the refinished hardwood floors underfoot to the freshly painted walls and light filled rooms. Nothing here feels tired or overlooked. It feels cared for, the kind of place where you can unpack your boxes and actually settle in.
The kitchens have been remodeled with new countertops, appliances, and dishwashers, and the basement bedrooms offer flexible space for a home office, guest room, or extra storage.
Beyond the lifestyle, this duplex offers something increasingly rare: a real path toward financial freedom. Living in one unit while renting the other lets you offset your mortgage with rental income, often reducing your housing cost far below what a comparable single family home would run. Over time, that tenant paid equity builds real wealth, all while you enjoy a beautifully updated home.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$399,000
Price per sq ft:
$242
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1926
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55406
Neighborhood/Area:
44
Subdivision Name:
Nesbitts Add
Interior
Bedrooms:
4
Bathrooms:
3
Finished Area:
1,648 ft2
Living Area:
1,648 ft2
Refrigerators:
Two
Basement Details:
Full
Exterior
Stories:
One
Garage Spaces:
2
Garage Dimensions:
20x20
Garage Size:
400 ft2
Foundation Size:
1,248 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached Garage
Shared Amenities:
Porch
Road Frontage:
- City Street
- Paved Streets
Pool:
None
Roof Details:
Asphalt
Rooms
Shared Rooms:
Other
Laundry:
In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.12
Geolocation:
44.9506868651, -93.2200180137
Lot Dimensions:
40 x 128.22
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,500
Annual Maintenance Expense:
$1,000
Annual Trash Expense:
$1,100
Annual Water/Sewer Expense:
$1,100
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,645
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,645
Income
Annual Gross Income:
$37,560
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$32,520
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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 Jason Mitchell Group.
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.