For Sale: Minneapolis MLS# 7071473
Active
NEW!
$524,900
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1906
2,580 sqft • 0.1 acres
Minneapolis schools
MLS# 7071473
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Property Description
Spectacular duplex offering prime Wedge Community location! Enjoy the beautiful hardwood floors, spacious living rooms, updated kitchens, new mechanicals, new roof, abundant storage and original woodwork with built-ins. The main floor unit offers a bonus sun room or den option while the upper unit offers a large 3 season porch. Other
highlights of this investment opportunity include: Private fenced backyard, 2-car garage, excellent sunlight exposure with a sun filled deck - perfect for BBQ's and hosting outdoor gatherings. This property has been continuously updated by the same owner for 45 years and provides an owner occupied or investment opportunity. Take advantage of the prime location - close to city lakes, downtown Minneapolis, Greenway, coffee shops, restaurants and freeway access. Pride of ownership!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$524,900
Price per sq ft:
$203
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1906
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55408
Neighborhood/Area:
47
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,580 ft2
Living Area:
2,580 ft2
Refrigerators:
Two
Basement Details:
- Full
- Storage Space
- Storage/Locker
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
375 ft2
Foundation Size:
1,290 ft2
Fencing:
Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Concrete
- Detached Garage
- Garage Door Opener
Shared Amenities:
Deck
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
- Block
- Frame
Pool:
None
Roof Details:
- Age 8 Years or Less
- Architectural Shingle
Rooms
Laundry:
- Common Area
- Lower Level
Lot & Land
Acres:
0.1
Geolocation:
44.952753, -93.29152
Lot Dimensions:
34 x 129
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,029
Annual Maintenance Expense:
$163
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,252
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$9,347
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,347
Income
Annual Gross Income:
$41,400
Rent
Annual Net Income:
$26,609
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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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!
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.