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For Sale:  Minneapolis MLS# 7029169

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Active
$369,900
/mo Edit
Multi-family:  Duplex Side by Side
4 br • 2 ba • Built 1914
1,730 sqft • 0.12 acres
Minneapolis schools
MLS# 7029169
763-576-8286
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    Property Description

    UP TO $97, 000 IN POTENTIAL HOMEBUYER ASSISTANCE MAY BE AVAILABLE — PLUS $3, 400/MONTH IN CURRENT RENTAL INCOME! Eligible owner-occupants may have access to multiple homebuyer assistance programs, potentially including up to $45, 000 through the Advancing Black Homeownership Community Fund, up to $32, 000 in first-generation assistance, and up to $20, 000 through the City of Minneapolis, subject to individual eligibility, available funding and program requirements. Not all programs may be combined. Both units are currently leased with $3, 400/month in combined rental income. The lower level offers additional finished space, a framed bedroom area and rough-ins for a future kitchen and bathroom, creating potential for additional value. Buyer to verify zoning, permits, code compliance and permitted use with the City of Minneapolis. An opportunity to combine rental income with potentially substantial homebuyer assistance. Lease information available upon request. Contact listing agent for details and showing information.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $369,900
    Price per sq ft: $214
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 1
    County: Hennepin
    Year Built: 1914
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55411
    Neighborhood/Area: 36
    Subdivision Name: Hamischs 3rd Add

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 1,730 ft2
    Living Area: 1,730 ft2
    Basement Details: Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 1
    Foundation Size: 870 ft2
    Foundation Dimensions: 41X127X41X127
    Handicap Accessible: None
    Heating System: Boiler

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.12
    Geolocation: 45.01283, -93.30535
    Lot Dimensions: Unknown

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $3,600
    Annual Insurance Expense: $1,800
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,500

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $3,603
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,603

    Income

    Annual Gross Income: $40,800

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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 Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.