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For Sale:  Minneapolis MLS# 7070808

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Active NEW!
$450,000
/mo Edit
Multi-family:  Duplex Up and Down
4 br • 2 ba • Built 1905
1,872 sqft • 0.17 acres
Minneapolis schools
MLS# 7070808
763-576-8286
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    Property Description

    In the heart of the sought-after Kingfield neighborhood of Southwest Minneapolis, this well-maintained duplex offers an exceptional investment opportunity with a strong rental history. Ideally located near popular restaurants, walking and biking paths, Lake Harriet, major bus routes and easy access to I-35W, 1-94 and Hwy 62. Both units have been thoughtfully updated with fresh paint, improved kitchens and bathroom enhancements, while major improvements include PEX plumbing in upper unit, refinished hardwood floors, updated porch finishes, a backyard deck, wood privacy fence and shared storage shed. Tenants enjoy shared amenities including an enclosed front porch, basement laundry, dedicated storage and outdoor living spaces. A turnkey opportunity for investors seeking reliable income in one of Minneapolis' most desirable rental markets.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $450,000
    Price per sq ft: $240
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1905
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55409
    Neighborhood/Area: 40
    Subdivision Name: Marsh & Bartletts 1st Add

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 1,872 ft2
    Living Area: 1,872 ft2
    Refrigerators: Two
    Basement Details:
    • Daylight/Lookout Windows
    • Partial
    • Shared Access
    • Storage Space
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 936 ft2
    Fencing: Full, Wood
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: None
    Shared Amenities:
    • Deck
    • Laundry
    • Porch
    Roof Details:
    • Age Over 8 Years
    • Asphalt
    • Pitched

    Rooms

    Laundry:
    • Common Area
    • Electric Dryer Hookup
    • In Basement
    • Washer Hookup

    Lot & Land

    Acres: 0.17
    Geolocation: 44.924835, -93.283516
    Lot Dimensions: 59.7 x 125.9
    Zoning: Residential-Single Family
    Lot Description:
    • Corner Lot
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,863
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,589
    Tenant Expenses: Broadband, Cable TV, Electricity, Gas

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $9,819
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,819

    Income

    Annual Gross Income: $35,160
    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 Edina Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.