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Active NEW!
$375,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1900
2,058 sqft • 0.12 acres
Minneapolis schools
MLS# 6779381
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    Property Description

    Fantastic opportunity in the heart of Northeast Minneapolis Arts District! This classic up and down duplex is perfect for both investors and owner occupants. The main level unit is 3-bed, 1-bath currently leased, providing immediate rental income, while the upper unit is vacant and ready for a new tenant or owner to move in. Upper unit offers 2 bedrooms and 1 bathroom with bright and functional living spaces. Both units feature private entrances, offering flexibility and privacy for occupants. Enjoy a backyard with patio perfect for grilling, a detached storage garage, and an additional off street parking space. Located on a tree lined street just blocks from award winning restaurants, coffee shops, parks, and the vibrant NE Arts District, this property combines strong rental demand with long term value potential. Whether you are adding to your portfolio or starting your investment journey, this duplex is a solid find in one of Minneapolis’s most desirable rental markets.

    Listing

    Contingency: None
    Price per sq ft: $182
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55413
    Neighborhood/Area: Holland
    Subdivision Name: Cutters Add

    Interior

    Living Area: 2,058 ft2
    Refrigerators: Two
    Basement Details: Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 1
    Garage Size: 450 ft2
    Foundation Size: 1,872 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Shared Amenities:
    • Patio
    • Porch
    Exterior Material: Metal Siding

    Lot & Land

    Acres: 0.12
    Geolocation: 45.00582, -93.260634
    Lot Dimensions: 40 x 135 x 40 x 135

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: $6,866
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,006
    Annual Maintenance Expense: $1,851
    Annual Gross Expense: $6,866
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,749
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $6,128
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,128

    Income

    Annual Gross Income: $36,167

    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!

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    Listing provided by RMLS, courtesy of Keller Williams Realty Integrity Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.