For Sale: Minneapolis MLS# 7040996
Active
$599,900
Multi-family: Duplex Up and Down
7 br • 3 ba • Built 1978
3,132 sqft • 0.16 acres
Minneapolis schools
MLS# 7040996
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Highly productive multi-family property in the desirable Audubon Park area of NE Minneapolis! Flexible layout offers 2 or 3 rentable units depending on use, with 7 bedrooms and 3 bathrooms total. Current owner has invested approximately $170, 000 in renovations, creating a strong opportunity for investors or owner-occupants alike. Live in the spacious 2-bedroom upper unit, the 3-bedroom main-floor unit, or the 2-bedroom lower-level unit while generating income from the remaining spaces. All tenants are currently month-to-month, providing added flexibility for future plans. Convenient features include 2 laundry areas—upper level and basement level—plus an attached 2-car garage. A rare combination of location, updates, income potential, and owner-occupant flexibility in a sought-after NE Minneapolis neighborhood.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$599,900
Price per sq ft:
$192
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1978
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55418
Neighborhood/Area:
2
Subdivision Name:
J S Todds Add
Interior
Bedrooms:
7
Bathrooms:
3
Finished Area:
3,132 ft2
Living Area:
3,132 ft2
Refrigerators:
Three
Basement Details:
- Block
- Egress Window(s)
- Finished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
484 ft2
Foundation Size:
1,144 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Garage Door Opener
- Parking Garage
Shared Amenities:
Laundry
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
- Block
- Frame
Pool:
None
Roof Details:
- Asphalt
- Flat
Rooms
Shared Rooms:
Other
Laundry:
- Common Area
- In Hall
- Lower Level
Lot & Land
Acres:
0.16
Geolocation:
45.018107, -93.236224
Lot Dimensions:
55 x 126
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
1
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, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,391
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
None
Income
Annual Gross Income:
$69,396
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$51,820
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Water System:
City Water - In Street
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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.