For Sale: Minneapolis MLS# 7003310
Active
NEW!
$400,000
Multi-family: More Than 2 Stories
4 br • 2 ba • Built 1905
2,431 sqft • 0.19 acres
MLS# 7003310
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Opportunity knocks with this well-maintained duplex located in one of Northeast Minneapolis' most vibrant and walkable neighborhoods—just steps from popular breweries, shops, and restaurants. Each unit offers 2 bedrooms and 1 bathroom with bright, spacious living areas, front sunrooms filled with natural light, and dishwashers in the kitchens for added convenience. Tenants enjoy free shared laundry and additional storage in the basement, while the large lot features a fire pit, and patio area; perfect for outdoor entertaining. A detached 2-car garage is a huge bonus for those snowy winters. Mechanicals are in great shape with a brand new furnace in the basement, new baseboard heaters in the upstairs and new electrical panels. With strong rental history and minimal vacancy thanks to its desirable location and smart layout, this is an ideal investment for both house hackers and portfolio builders as both units are currently vacant. As a bonus, there's value add potential as the expansive walk-up attic provides a unique opportunity—finish it out to create an additional unit or expand the upstairs living space with more bedrooms or a primary suite. Don’t miss your chance to own a high-demand rental property in a thriving Northeast Minneapolis neighborhood!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$400,000
Price per sq ft:
$165
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1905
State:
MN
Property Style:
More Than 2 Stories
Zip Code:
55418
Neighborhood/Area:
51
Subdivision Name:
Northtown Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,431 ft2
Living Area:
2,431 ft2
Basement Details:
Block
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
20x20
Garage Size:
400 ft2
Garage Door Height:
7
Garage Door Width:
7
Foundation Size:
1,100 ft2
Foundation Dimensions:
55x20
Handicap Accessible:
None
Heating System:
- Baseboard
- Forced Air
Parking Features:
Detached Garage
Lot & Land
Acres:
0.19
Geolocation:
45.022443, -93.268745
Lot Dimensions:
127 x 47 x 30 x 133
Zoning:
Residential-Multi-Family
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
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,598
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,226
Income
Annual Gross Income:
None
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
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.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Rize 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.