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For Sale:  Minneapolis MLS# 7102856

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Active NEW!
$449,900
/mo Edit
Multi-family:  Duplex Up and Down
5 br • 2 ba • Built 1900
2,348 sqft • 0.13 acres
Minneapolis schools
MLS# 7102856
763-576-8286
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    Property Description

    Thoughtfully updated duplex in the Sheridan neighborhood of Northeast Minneapolis, offering a blend of modern updates and well-maintained historic character. The lower unit underwent a complete renovation in 2021, including a new kitchen with custom cabinetry, quartz countertops, stainless steel appliances, and a tiled 3/4 bathroom. Additional improvements include refinished hardwood floors, updated lighting throughout, and private in-unit laundry. The upper unit has been recently refreshed with new paint and luxury vinyl plank flooring throughout. In 2023, the property underwent comprehensive lead-based paint remediation, including all new windows and replacement of all affected surfaces identified during the remediation process, providing added peace of mind for future ownership. Major mechanical updates include a new boiler (2026), two new water heaters (2025), and separated electrical service. Outside, enjoy a fully fenced backyard and a detached two-stall garage. Both units are currently leased on a month-to-month basis, generating $1, 900 per month for the lower unit and $1, 500 per month for the upper unit, offering flexibility for both investors and owner-occupants.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $449,900
    Price per sq ft: $192
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55413
    Neighborhood/Area: 68
    Subdivision Name: Cutters Add

    Interior

    Bedrooms: 5
    Bathrooms: 2
    Finished Area: 2,348 ft2
    Living Area: 2,348 ft2
    Basement Details: Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 2
    Garage Size: 500 ft2
    Foundation Size: 1,150 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Detached Garage

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.13
    Geolocation: 45.00376, -93.257931
    Lot Dimensions: 40 x 138
    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: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $6,511
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,511

    Income

    Annual Gross Income: $40,800

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