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For Sale:  Minneapolis MLS# 7068739

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Active NEW!
$599,900
/mo Edit
Multi-family:  Duplex Up and Down
8 br • 3 ba • Built 1902
3,336 sqft • 0.13 acres
Minneapolis schools
MLS# 7068739
763-576-8286
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    Property Description

    Don't miss this turnkey income-producing opportunity in the heart of Dinkytown, steps from the University of Minnesota campus. 806 and 810 6th Street SE are available together as a bundled package — including a shared 20-space parking lot — for a combined purchase price of $1, 550, 000. When fully occupied these investments have potential to produce combined annual gross income of $171, 000 with additional income opportunity with parking and coin-op laundry. This is a cash-flowing asset in a market that virtually never sleeps. 806 6th Street SE is currently operating as a duplex with a clear path to triplex conversion — a value-add play that savvy investors will immediately recognize. Paired with 810 6th Street SE, this package offers both immediate income stability and long-term growth potential in one of Minneapolis's most recession-resistant rental corridors. Please note that the sale of 806 will occur concurrently with 810 6th Street SE (MLS 7068805)

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $599,900
    Price per sq ft: $180
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1902
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55414
    Neighborhood/Area: 50
    Subdivision Name: Mill Cos Add To St Anthony Falls

    Interior

    Bedrooms: 8
    Bathrooms: 3
    Finished Area: 3,336 ft2
    Living Area: 3,336 ft2
    Refrigerators: Two
    Basement Details: Other

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 1,518 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Hot Water
    Parking Features:
    • Parking Lot
    • Paved Lot
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Pool: None

    Lot & Land

    Acres: 0.13
    Geolocation: 44.985329, -93.242358
    Lot Dimensions: 33 x 165
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,090
    Annual Fuel Expense: $2,641
    Annual Insurance Expense: $2,200
    Annual Maintenance Expense: None
    Annual Trash Expense: $2,085
    Annual Water/Sewer Expense: None
    Tenant Expenses: Broadband, Cable TV

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $11,243
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $11,243

    Income

    Annual Gross Income: $72,000

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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