For Sale: Minneapolis MLS# 7098131
Active
$450,000
Multi-family: Duplex Side by Side
8 br • 4 ba • Built 1961
1,728 sqft • 0.12 acres
Minneapolis schools
MLS# 7098131
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Property Description
Why pay for a dorm or apartment when you can own and have your roommates and tenants pay for your housing? Of course, since it comes very close to meeting the 1% rule, you could also buy it just for the cash flow. Close to both U of M campuses, a short walk to the busline and centrally located, making vacancies easy to fill and any commute never too far.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$450,000
Price per sq ft:
$260
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1961
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55414
Neighborhood/Area:
14
Subdivision Name:
Cole & Weeks Add
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
1,728 ft2
Living Area:
1,728 ft2
Refrigerators:
Two
Basement Details:
Block
Exterior
Stories:
One
Garage Spaces:
2
Garage Size:
535 ft2
Foundation Size:
1,728 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached Garage
Road Frontage:
City Street
Exterior Material:
Frame
Roof Details:
Age Over 8 Years
Rooms
Laundry:
In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.12
Geolocation:
44.984861, -93.217434
Lot Dimensions:
42 x 152 x 65 x 102
Schools
School District:
1
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
Tenant Expenses:
Electricity, Fuel, Gas
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$8,583
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$8,583
Income
Annual Gross Income:
$52,704
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$52,704
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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 Keller Williams Realty Integrity.
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.