For Sale: Minneapolis MLS# 7149871
Active
$519,000
Multi-family: Duplex Side by Side
8 br • 4 ba • Built 1963
2,729 sqft • 0.13 acres
Minneapolis schools
MLS# 7149871
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Property Description
Prime Northeast Minneapolis Duplex Investment!
This turnkey, 100% leased side-by-side duplex offers robust, stable cash flow in a high-demand rental market.
• The Property: Spacious side-by-side layout with 1, 364 finished sq. ft. per side.
• The Income: Strong gross rent of $5, 020/month ($60, 240 annually).
• Guaranteed Revenue: Unit 566 is backed by MPHA rental assistance (approx. $1, 976/month ($23, 712 annually).
• The Location: Quiet neighborhood within walking distance to Columbia Parkway, 2 miles to top NE bars/restaurants, and <5 miles to downtown.
• Portfolio Option: Located at 566 & 568 37th Ave NE, this is part of a portfolio with 2549 11th Ave S (MLS 7149877). Properties can be sold individually.
Please review the Offering Memorandum for additional details.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$519,000
Price per sq ft:
$190
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1963
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55421
Neighborhood/Area:
13
Subdivision Name:
Columbia Heights Add
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
2,729 ft2
Living Area:
2,729 ft2
Basement Details:
Finished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,491 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- On-Street Parking Only
- Shared Driveway
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.13
Geolocation:
45.035268, -93.257458
Lot Dimensions:
45.00 X 123.00
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:
$2,427
Annual Maintenance Expense:
$500
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,292
Tenant Expenses:
Broadband, Cable TV, Electricity, Gas, Lawn Care, Snow Removal
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,097
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,097
Income
Annual Gross Income:
$59,580
Rent
Annual Net Income:
$48,240
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 Edina Realty, Inc..
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.