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For Sale:  Minneapolis MLS# 7056792

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Active
$437,000
/mo Edit
Multi-family:  Duplex Up and Down
7 br • 2 ba • Built 1900
2,301 sqft • 0.13 acres
Minneapolis schools
MLS# 7056792
763-576-8286
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    Property Description

    Fully rented duplex near the University of Minnesota with strong rental history and consistent demand. This 3-story property offers 6 bedrooms, 2 bathrooms, and over 2, 450 finished square feet, with spacious layouts and nice updates. Monthly rental income is $3, 860. ($46, 320 annual rental income) Potential for tri-plex conversion with high ceilings in the basement (buyer to verify), offering an opportunity to increase rental income and overall property value. Detached 3-car garage adds value for tenants and provides additional income potential. Prime location close to campus, restaurants, and major highways, making this a solid investment opportunity with long-term upside in a high-demand rental area.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $437,000
    Price per sq ft: $190
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 3
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55414
    Neighborhood/Area: 14
    Subdivision Name: Ways Add

    Interior

    Bedrooms: 7
    Bathrooms: 2
    Finished Area: 2,301 ft2
    Living Area: 2,301 ft2
    Refrigerators: Two
    Basement Details: Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 3
    Garage Size: 713 ft2
    Foundation Size: 1,186 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features: Detached Garage
    Shared Amenities: Laundry
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Pool: None

    Lot & Land

    Acres: 0.13
    Geolocation: 44.990646, -93.226549
    Lot Dimensions: 40 x 137
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Medium

    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: Broadband, Cable TV, Common Area Maintenance, Electricity, Fuel, Gas, Heat, Hot Water, Lawn Care, Snow Removal, See Remarks

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $7,504
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $7,504

    Income

    Annual Gross Income: $46,320
    Misc. Annual Income: None
    Misc. Monthly 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

    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 Real Listings.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.