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For Sale:  Minneapolis MLS# 7158148

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Active NEW!
$455,000
/mo Edit
Multi-family:  Duplex Side by Side
6 br • 4 ba • Built 1960
2,290 sqft • 0.12 acres
Minneapolis schools
MLS# 7158148
763-576-8286
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    Property Description

    Rare 6 bedroom 4 bath side by side duplex near Lake Nokomis. This turn key investment property is perfect for an owner occupant or investor. Rents are under market at $1800 & $1900 are there are kitchenettes in the lower level perfect for multi generational living. Beautiful hardwood floors throughout and great natural light This property has some HUGE upside with another 4-500 sq feet in lower level that is easily finished. Floor plans are the same on both sides. This will not last!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $455,000
    Price per sq ft: $199
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1960
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55417
    Neighborhood/Area: 82
    Subdivision Name: Nokomis Park View

    Interior

    Bedrooms: 6
    Bathrooms: 4
    Finished Area: 2,290 ft2
    Living Area: 2,290 ft2
    Refrigerators: Four
    Basement Details:
    • Block
    • Egress Window(s)
    • Full
    • Kitchenette
    • Partially Finished
    • Single Tenant Access
    • Storage Space
    • Tile Shower

    Exterior

    Stories: One
    Garage Spaces: 2
    Foundation Size: 1,790 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Concrete
    • Detached Garage
    Road Frontage: City Street
    Exterior Material: Block
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Rooms

    Laundry:
    • In Basement
    • In Unit
    • Laundry Room
    • Lower Level

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.12
    Geolocation: 44.903764, -93.231956
    Lot Dimensions: 40 x 128
    Zoning: Residential-Multi-Family
    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: $2,158
    Annual Maintenance Expense: $500
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,579
    Tenant Expenses: Broadband, Cable TV, Electricity, Gas, Heat

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $7,977
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,977

    Income

    Annual Gross Income: $44,000
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: $37,763

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