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For Sale:  Minneapolis MLS# 6824890

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Active NEW!
$325,000
/mo Edit
Multi-family:  Duplex Up and Down
4 br • 2 ba • Built 1931
2,244 sqft • 0.15 acres
MLS# 6824890
763-576-8286
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    Property Description

    Fantastic Minneapolis duplex just minutes from everything — 5 minutes to NE Mpls Arts District with tons of restaurants and entertainment, 15 minutes to Downtown, and easy access to I-94. Located near the exciting River North Development Project, bringing long-term value, new amenities, new jobs, and revitalization to the area. Each unit offers 2BR/1BA with many recent updates, including new carpet, new kitchen counters and sink, new stove, updated bathrooms, beautiful original woodwork, and classic 1931 charm. Plumbing updated roughly 10 years ago; windows updated within the last 20 years. There is a gravity (octopus) heating system, professionally inspected in 2025 and works great. Huge, clean basement features laundry, 4 storage closets, work bench, and tons of room for your ideas! There is also a two-car garage with driveway/off-street parking. Solid rental history for the past 30 years! Upper unit (3802) is currently rented for $1, 200/mo, lease through July 31, 2026. Main floor is updated and left vacant for owner/occupant buyers. Separate utilities and thermostats. Owner pays water and garbage; tenants pays gas and electric. Great opportunity for owner-occupant or investor!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $325,000
    Price per sq ft: $145
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1931
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55412
    Neighborhood/Area: 81
    Subdivision Name: Farnhams Add

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 2,244 ft2
    Living Area: 2,244 ft2
    Refrigerators: Two
    Basement Details:
    • Block
    • Full
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 400 ft2
    Foundation Size: 1,144 ft2
    Fencing: Partial, Wood
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Gravity
    Parking Features:
    • Detached Garage
    • Gravel
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Street Lights
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Asphalt
    • Pitched

    Rooms

    Laundry: In Basement

    Lot & Land

    Acres: 0.15
    Geolocation: 45.02407, -93.28611
    Lot Dimensions: 40 x 157
    Lot Description:
    • Corner Lot
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Farm

    Topography: Level

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

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

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,587
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,587

    Income

    Annual Gross Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System:
    • City Sewer - In Street
    • City Sewer/Connected
    Water System: City Water - In Street

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