For Sale: Minneapolis MLS# 7116698
Active Contingent
$437,900
Multi-family: Duplex Side by Side
6 br • 4 ba • Built 1965
2,700 sqft • 0.17 acres
Minneapolis schools
MLS# 7116698
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Property Description
Just spent 15k on Exterior- stucco repairs and fresh paint! The interiors have been rehabbed as well! Phenomenal opportunity to own 3 units for the price of 2!
Live in 1 unit and rent out the other two if you would like! Zoned as 2 units though.
The Lower level of 518 has a Mother in Law apt with a Kitchenette, br, family room, and a separate walk out! Both units have been rehabbed with new paint, flooring, etc! Great location on a bus line, close to DT, University, Central, shopping, restaurants, etc! Has a private back walk out patio for both units.
Keep an eye out for the List of Improvements in the supplements and photos, coming soon! Over 50k put into both sides! a New carpet, flooring, paint, some windows, appliances, touch up's galore! This is a fantastic price for all of this sq footage and versatility! Agent is related to Seller
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$437,900
Price per sq ft:
$162
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1965
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55421
Neighborhood/Area:
13
Interior
Bedrooms:
6
Bathrooms:
4
Finished Area:
2,700 ft2
Living Area:
2,700 ft2
Refrigerators:
Three
Basement Details:
- Block
- Egress Window(s)
- Finished
- Full
- Walkout
Exterior
Stories:
One
Garage Spaces:
2
Garage Size:
420 ft2
Foundation Size:
1,500 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Detached Garage
Road Frontage:
City Street
Pool:
None
Roof Details:
Asphalt
Rooms
Shared Rooms:
Other
Laundry:
- In Basement
- Lower Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.17
Geolocation:
45.0352687504, -93.2590368984
Lot Dimensions:
45 x 123
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
$625
Annual Trash Expense:
$1,800
Annual Water/Sewer Expense:
$1,900
Tenant Expenses:
Cable TV, Electricity, Fuel, Lawn Care, Snow Removal
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,329
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,329
Income
Annual Gross Income:
$43,200
Rent
Annual Net Income:
$40,468
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 National Realty Guild.
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.