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For Sale:  Minneapolis MLS# 7117472

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Active NEW!
$475,000
/mo Edit
Multi-family:  Duplex Up and Down
4 br • 2 ba • Built 1911
1,999 sqft • 0.13 acres
Minneapolis schools
MLS# 7117472
763-576-8286
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    Property Description

    Excellent opportunity for an owner-occupant or investor in a highly desirable location near Uptown. This well-maintained property offers a strong rental history and provides a versatile opportunity for those looking to occupy one unit while generating income from the others, or for an investor seeking a quality addition to their portfolio. The property has been thoughtfully updated and meticulously maintained over the years, including a newer boiler and updated electrical, offering added peace of mind for the next owner. The spacious layout provides comfortable living areas, abundant natural light, and the character and functionality that make this property an attractive option for both owners and tenants. An additional bedroom and bathroom on the third floor provide valuable extra space and flexibility. This area creates exciting possibilities for a home office, guest accommodations, additional living space, or potentially converting the property into a triplex, subject to city approval and applicable zoning requirements. The location is another standout feature, offering convenient access to everything the Uptown area has to offer. Enjoy nearby restaurants, coffee shops, shopping, entertainment, parks, lakes, walking and biking trails, and convenient transportation routes. The property provides an excellent combination of neighborhood amenities and easy access to the surrounding Minneapolis area. Whether you’re looking for an owner-occupied property that can help generate additional income or a well-positioned investment property with long-term potential, this is a unique opportunity in a desirable and convenient location.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $475,000
    Price per sq ft: $238
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1911
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55409
    Neighborhood/Area: 20
    Subdivision Name: Remingtons 2nd Add

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 1,999 ft2
    Living Area: 1,999 ft2
    Refrigerators: Three
    Basement Details:
    • Block
    • Full

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 440 ft2
    Foundation Size: 1,136 ft2
    Fencing: Chain Link
    Handicap Accessible: Doors 36"+
    Heating System: Hot Water
    Parking Features:
    • Asphalt
    • Detached Garage
    • Open
    Shared Amenities:
    • Deck
    • Porch
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Rooms

    Shared Rooms: Other

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.13
    Geolocation: 44.934575, -93.291149
    Lot Dimensions: 43 x 129
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Light

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $2,500
    Annual Insurance Expense: $3,000
    Annual Maintenance Expense: None
    Annual Trash Expense: $600
    Annual Water/Sewer Expense: $2,100
    Tenant Expenses: Cable TV, Snow Removal, Trash Collection

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $9,445
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $9,445

    Income

    Annual Gross Income: $42,556

    Units

    Total Units: 2

    Miscellaneous

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

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    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 RE/MAX Advantage Plus.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.