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For Sale:  Minneapolis MLS# 7101743

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Active
$499,000
/mo Edit
Multi-family:  Duplex Up and Down
5 br • 3 ba • Built 1949
2,618 sqft • 0.12 acres
Minneapolis schools
MLS# 7101743
763-576-8286
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    Property Description

    Charming up/down duplex in the heart of Northeast Minneapolis! Nestled in the highly desirable Windom Park neighborhood, this well-maintained property offers an excellent opportunity for both investors and owner-occupants. The spacious lower unit features 4 bedrooms and 2 bathrooms and is currently vacant, providing immediate flexibility for an owner-occupant or the ability to lease at current market rents. Previously leased for $2, 575/mo. The upper 1-bedroom, 1-bathroom unit is leased through September 2026 at $1, 400 per month. Numerous updates include a new roof (2021), two new furnaces (2023), new A/C for the upper unit (2023), and renovations to the lower unit featuring new carpet, fresh paint, bathroom refresh, butcher block countertops, and updated hardware. Conveniently located just minutes from the University of Minnesota, St. Anthony Main, Downtown Minneapolis, the North Loop, and major highways including I-35W, this property offers the perfect combination of location, flexibility, and investment potential. Whether you're looking to expand your portfolio or offset your mortgage with rental income, this Northeast duplex is one you won't want to miss.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $499,000
    Price per sq ft: $191
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1949
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55418
    Neighborhood/Area: 87
    Subdivision Name: Auditors Sub 228

    Interior

    Bedrooms: 5
    Bathrooms: 3
    Finished Area: 2,618 ft2
    Living Area: 2,618 ft2
    Refrigerators: Two
    Basement Details:
    • Block
    • Egress Window(s)
    • Finished
    • Full

    Exterior

    Stories: One and One Half
    Garage Spaces: 2
    Garage Dimensions: 24x24
    Garage Size: 576 ft2
    Foundation Size: 1,090 ft2
    Foundation Dimensions: 39x21
    Fencing: Wood
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Attached Garage
    • Floor Drain
    • Garage Door Opener
    • No Int Access to Dwelling
    Roof Details: Age 8 Years or Less

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.12
    Geolocation: 45.009875, -93.232395
    Lot Dimensions: 42 x 127
    Zoning: Residential-Multi-Family

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,130
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,000
    Tenant Expenses: Electricity, Sewer, Trash Collection

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $8,080
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,080

    Income

    Annual Gross Income: $47,700

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    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 Keller Williams Realty Integrity Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.