For Sale: Minneapolis MLS# 7161363
Active
$1,200,000
Multi-family: Duplex Up and Down
7 br • 5 ba • Built 1914
5,338 sqft • 0.215 acres
Minneapolis schools
MLS# 7161363
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Property Description
Spectacular Lowry Hill Duplex that has been thoughtfully updated, while retaining much of the rich, original details and historic charm. Outstanding investment opportunity, property is currently owner occupied on the main level, the LL apt and upper level unit are rented through AirBnB, generating $90, 000 - $100, 000 annually. The property features a gracious front yard with welcoming horseshoe walkway and seating areas. Entering the main level unit through the central main door you experience restored leaded glass windows and surprisingly large, bright and open floor plan for a property built in 1914. Grand living room with stunninlg leaded glass, windows, hardwood floors, fireplace with wood burning stove insert, built in bookcases and crown molding with picture mold. Living room opens to main level family room. Formal dining room features beautiful, glass front built-ins and French doors into the kitchen, which has windows on three sides, maple cabinetry and high-end stainless appliances, including Viking range. Primary suite has private ¾ enSuite bathroom. Two additional bedrooms and a full hall bathroom round out the main level. LL offers shared laundry space for main level unit and LL guest suite, storage, utility room and access to attached garage. Walkout LL guest suite has living room, eat in kitchenette, bedroom, ¾ bathroom and sunroom. It generates ~$23k rental income.
Upper-level 3 bedroom, 2 bath unit consists of the second and third floor. Private entry off West side of home you enter the foyer and stairs that lead into the unit. Spacious floor plan and light and bright with hardwood floors throughout. Stacked stone wood burning fireplace is the focal point of the living room, which opens into the unit entry and dining and kitchen areas. Kitchen features inset cherry cabinets with high-end stainless appliances, including Wolf range. Skylight adds additional light to the kitchen. Large primary suite with private ¾ enSuite bathroom. Second bedroom offers in-unit laundry and opens into sunroom. Full hall bathroom. Third bedroom is located on the third floor. Upper unit is rented with AirBnB and generates ~$70k annually. Lots of flexibility for owner occupied with ~$95k annual rental income or a great rental income for investors. Check it out!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,200,000
Price per sq ft:
$225
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1914
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55403
Neighborhood/Area:
46
Subdivision Name:
Cic 1668 1221-1223 Mt Curve Ave
Interior
Bedrooms:
7
Bathrooms:
5
Finished Area:
5,338 ft2
Living Area:
5,338 ft2
Basement Details:
- Block
- Finished
- Full
- Kitchenette
- Storage Space
- Walkout
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
1
Garage Dimensions:
16x19
Garage Size:
338 ft2
Foundation Size:
2,179 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Ductless Mini-Split
Parking Features:
- Attached Garage
- Tuckunder Garage
Exterior Material:
Block
Roof Details:
Age 8 Years or Less
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.215
Geolocation:
44.966852, -93.29514
Lot Dimensions:
134 x 105 x 150 x 46
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$2,230
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,230
Tenant Expenses:
Other
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$20,898
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$20,898
Income
Annual Gross Income:
$93,000
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
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 Coldwell Banker Realty - Lakes.
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.