For Sale: Minneapolis MLS# 7129402
Active
$395,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1900
1,680 sqft • 0.17 acres
Minneapolis schools
MLS# 7129402
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Property Description
House Hack Your Way Into Homeownership! Income-Producing Duplex in Minneapolis' Coveted Seward Neighborhood!
Why pay the entire mortgage yourself when your home can help pay for itself? This unique duplex offers an excellent opportunity for owner-occupants, first-time homebuyers, or investors looking to build equity while generating rental income. Live comfortably on the main level while renting out the upper-level three-bedroom unit to help offset your monthly housing costs.
Located in the desirable Seward neighborhood, you'll enjoy convenient access to the Mississippi River, neighborhood restaurants, parks, green spaces, the Grand Rounds trail system, and the popular Midtown Greenway connecting to Uptown.
The spacious main level features convenient one-level living, with an entrance ramp, wider doorways, modified kitchen countertops and stove, and an updated bathroom with a large roll-in shower. These features offer flexibility and convenience for a variety of living arrangements.
The upper level features three bedrooms, a fully updated bathroom, and excellent rental income potential. Whether you're looking to house hack, accommodate extended family, or add an income-producing property to your portfolio, this duplex offers plenty of possibilities.
Outside, enjoy a large shaded deck, generous yard with room for gardening, and space to relax and entertain. Recent improvements include a newer roof and siding, updated upper-level bathroom, and new water heater.
Live in one unit. Rent the other. Build equity while someone else helps pay your mortgage! Opportunities like this in the Seward neighborhood don't come along every day. Run the numbers and see how this one could work for you!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$395,000
Price per sq ft:
$235
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55406
Neighborhood/Area:
67
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,680 ft2
Living Area:
1,680 ft2
Refrigerators:
One Per Unit
Basement Details:
- Partial
- Unfinished
Exterior
Stories:
Modified Two Story
Garage Spaces:
1
Garage Dimensions:
8x16
Garage Size:
128 ft2
Garage Door Height:
6
Garage Door Width:
6
Foundation Size:
1,680 ft2
Foundation Dimensions:
20x44
Fencing:
Chain Link
Handicap Accessible:
Reduced Height Counters, Doors 36"+, Fully Wheelchair, Grab Bars In Bathroom, Door Lever Handles, No Stairs Internal, Wheelchair Ramp(s), Roll-In Shower
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Concrete
- Detached Garage
Shared Amenities:
Deck
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
Exterior Material:
- Frame
- Stone
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
- Gas Dryer Hookup
- In Basement
- Lower Level
- Washer Hookup
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.17
Geolocation:
44.955751, -93.230366
Lot Dimensions:
48 x 157
Zoning:
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,000
Annual Maintenance Expense:
$200
Annual Trash Expense:
$420
Annual Water/Sewer Expense:
$1,700
Tenant Expenses:
Cable TV, Electricity, Gas, Heat
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,750
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,750
Income
Annual Gross Income:
$39,600
Rent
Annual Net Income:
$31,350
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Water System:
City Water - In Street
Power Company Name:
Xcel Energy
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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.