For Sale: Minneapolis MLS# 7136355
Active
NEW!
$739,000
Multi-family: Duplex Up and Down
4 br • 3 ba • Built 1932
3,066 sqft • 0.21 acres
Minneapolis schools
MLS# 7136355
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1:30p - 3p
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Property Description
Handsomely updated classic 1930's up/down duplex. Ideally located in a tranquil pocket of Minneapolis on Minnehaha Creek across from the bike & walking paths. Hop on the trail and head west to Lake Harriet or head East to Lake Nokomis – the path is well maintained in summer and winter! Hardwood floors, built in shelves and large windows that bring in tons of natural light. Each unit features: 2 spacious bedrooms and 1 bathroom with an open floor plan where kitchen flows into dining room and then into spacious living area with stone fireplace. Shared lower level includes finished family room, half bath, plentiful storage and laundry. The garage is steps from the back door with 1 spot for each unit. There is an additional parking spot adjacent to the garage. Bonus shared deck over the garage for elevated entertaining in the summer months. Beautifully landscaped front yard and a stunning backyard perennial garden that blooms throughout the summer season. Many fantastic local restaurants and shops within walking distance -a perfect blend of urban living with a private feel. Roof replaced (2023), Central Air (2018), New windows (2015), Kitchens and Lower level remodels (2009). See supplements for full updates list.This is an excellent opportunity for an owner-occupant looking to live in one unit while generating rental income from the other, a buyer seeking a multi-generational living arrangement, or an investor looking to add a quality income-producing property to their portfolio.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$739,000
Price per sq ft:
$241
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1932
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55419
Neighborhood/Area:
76
Subdivision Name:
Auditors Sub 149
Interior
Bedrooms:
4
Bathrooms:
3
Finished Area:
3,066 ft2
Living Area:
3,066 ft2
Refrigerators:
Two
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
24.25 x 21
Garage Size:
511 ft2
Garage Door Height:
7
Garage Door Width:
8
Foundation Size:
1,333 ft2
Foundation Dimensions:
49 x 180 x 50 x 187
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Hot Water
Parking Features:
- Asphalt
- Attached Garage
Road Frontage:
City Street
Exterior Material:
Frame
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
Shared Rooms:
Other
Laundry:
- Common Area
- Lower Level
Lake & Waterfront
Waterfront Present:
Y
Waterfront View:
North
WF Frontage:
49
Waterfront:
Creek/Stream
Lot & Land
Acres:
0.21
Geolocation:
44.905338, -93.281655
Lot Dimensions:
49 x 184
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$1,740
Annual Electric Expense:
$973
Annual Fuel Expense:
$1,027
Annual Insurance Expense:
$3,848
Annual Maintenance Expense:
None
Annual Trash Expense:
$2,016
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$12,952
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,952
Income
Annual Gross Income:
$58,880
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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.
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Listing provided by RMLS,
courtesy of Coldwell Banker Realty - Lakes.
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.