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For Sale:  Minneapolis MLS# 6784103

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Active
$425,000
/mo Edit
Multi-family:  1 Story
2 br • 2 ba • Built 1929
1,288 sqft • 0.12 acres
MLS# 6784103
763-576-8286
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    Property Description

    Investor alert: Turnkey duplex with proven rental performance and multiple avenues to increase cash flow. Two clean 1BD/1BA units, plus a spacious unfinished lower level—perfect for storage income or future expansion. 2-car garage offers optional rent add-on. Both units are currently vacant, giving you full control over rent resets and tenant selection. High-demand Hiawatha neighborhood supports strong long-term appreciation.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $425,000
    Price per sq ft: $330
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1929
    State: MN
    Property Style: 1 Story
    Zip Code: 55406
    Neighborhood/Area: 32
    Subdivision Name: L D Richardsons Add

    Interior

    Bedrooms: 2
    Bathrooms: 2
    Finished Area: 1,288 ft2
    Living Area: 1,288 ft2
    Refrigerators: Two
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Full
    • Shared Access
    • Storage Space
    • Unfinished

    Exterior

    Stories: One
    Garage Spaces: 2
    Garage Dimensions: 20 x 20
    Garage Size: 400 ft2
    Foundation Size: 1,288 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features: Detached Garage
    Shared Amenities: Laundry
    Road Frontage: City Street
    Exterior Material: Block
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Rooms

    Laundry:
    • Common Area
    • Lower Level
    • Sink

    Lot & Land

    Acres: 0.12
    Geolocation: 44.929838, -93.212391
    Lot Dimensions: 40 x 126
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Light

    Farm

    Topography: Level

    Schools

    School District: 558
    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
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $6,201
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $6,201

    Income

    Annual Gross Income: $30,000

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

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