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Active NEW!
$360,000
/mo Edit
Multi-family:  Duplex Up and Down
4 br • 2 ba • Built 1900
1,911 sqft • 0.13 acres
MLS# 6787603
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    Property Description

    Turnkey & cash flowing duplex in one of the strongest rental markets the Twin Cities has, NorthEast Minneapolis. Close proximity to Central Ave business, and a few minute walk to local breweries and coffee shops! Each unit has its own meters for electric & gas, off street parking located in the back. Roof new in 2021, electrical upgrades, and plenty of cosmetic upgrades make this an easy addition to the portfolio. Lower unit tenant vacating 4/30/2026 allowing for owner occupancy buyers! Top unit rented at $1595 with lease ending 8/31/26. Separate washer and dryer for each unit!

    Listing

    Contingency: None
    Price per sq ft: $188
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55418
    Neighborhood/Area: 33

    Interior

    Living Area: 1,911 ft2
    Refrigerators: One Per Unit
    Basement Details: Crawl Space

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 954 ft2
    Handicap Accessible: Wheelchair Ramp(s)
    Heating System: Forced Air
    Parking Features:
    • Open
    • Shared Driveway
    • Unassigned
    Shared Amenities: None
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Pool: None
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 0.13
    Geolocation: 45.0131200117, -93.2475646275
    Lot Dimensions: 40 x 138
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    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

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,403
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $5,403

    Income

    Annual Gross Income: None

    Rent

    Annual Net Income: None

    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!

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    Listing provided by RMLS, courtesy of Keller Williams Classic Rlty NW.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.