For Sale: Minneapolis MLS# 6800669
Active
NEW!
$549,000
Multi-family: Duplex Up and Down
Built 1900
2,863 sqft • 0.12 acres
Minneapolis schools
MLS# 6800669
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Property Description
Prime Lyn-Lake Investment Opportunity
An exceptional chance to acquire a well-maintained duplex in one of Minneapolis’ most vibrant neighborhoods. Steps to the Greenway Bike Trail, Soo Line, top restaurants, and retail, this property offers both immediate cash flow and long-term appreciation potential.
Recent capital improvements include: new roof, siding, Rusco windows, and refinished hardwood floors (all 2019), plus updated kitchens, baths, light fixtures, and stainless appliances. A 4-car parking area adds rare convenience.
Utilities are separately metered for gas and electric, reducing owner overhead. Current income streams:
Upper Unit – Market-rate tenant paying $1, 775/month.
Lower 3BR Unit – Proven Airbnb performer, averaging an estimated $3, 500/month.
Flexible for investors or owner-occupants: live in one unit and generate income from the other, or maximize both as cash-flowing rentals. Strong fundamentals today and positioned for future redevelopment or land value play in this high-demand corridor.
Exceptional value. Strong income. Limited opportunity. Act now.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$549,000
Price per sq ft:
$192
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55408
Neighborhood/Area:
Whittier
Subdivision Name:
Haywoods Add
Interior
Finished Area:
2,863 ft2
Living Area:
2,863 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Single Tenant Access
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,560 ft2
Handicap Accessible:
None
Heating System:
- Forced Air
- Radiant
- Space Heater
Parking Features:
- Open
- Parking Lot
Shared Amenities:
Common Garden
Exterior Material:
- Vinyl Siding
- Wood Siding
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.12
Geolocation:
44.951546, -93.286438
Lot Dimensions:
40 x 129
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,000
Annual Maintenance Expense:
$2,750
Annual Gross Expense:
$5,850
Annual Trash Expense:
$624
Annual Water/Sewer Expense:
None
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,489
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,489
Income
Annual Gross Income:
$55,650
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Other
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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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 Coldwell Banker Realty.
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.