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For Sale:  Minneapolis MLS# 6764030

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Active NEW!
$460,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1988
2,084 sqft • 0.14 acres
Minneapolis schools
MLS# 6764030
763-576-8286
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    Property Description

    Just blocks from the Stone Arch Bridge, St. Anthony Falls, Nicollet Island Park, and countless restaurants and cafes, this duplex is ideally situated in one of Minneapolis’ most sought-after neighborhoods. Each unit features 3 bedrooms and 2 bathrooms, offering spacious layouts that appeal to both renters and owner-occupants alike. Built with functionality in mind, each unit has its own electric panel and meter, furnace, and water heater. The lower level includes two locked storage units and has the potential to be converted into a third unit—adding even more value. The property includes six off-street parking spaces, and the roof was replaced in 2017. Landlord currently pays for water. Whether you’re looking to expand your portfolio or live in one unit while renting the other, this is a rare opportunity in a high-demand area with strong rental appeal.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $460,000
    Price per sq ft: $221
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1988
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55414
    Neighborhood/Area: Marcy Holmes
    Subdivision Name: Saint Anthony Falls

    Interior

    Finished Area: 2,084 ft2
    Living Area: 2,084 ft2
    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Basement Details:
    • Full
    • Shared Access
    • Storage Space
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 975 ft2
    Fencing: None
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Parking Lot
    Shared Amenities: Laundry
    Road Frontage: City Street
    Exterior Material: Steel Siding
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 0.14
    Geolocation: 44.985826, -93.250442
    Lot Dimensions: 91 x 66

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $272
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,056
    Annual Maintenance Expense: $500
    Annual Gross Expense: $22,370
    Annual Trash Expense: $1,185
    Annual Water/Sewer Expense: $1,185

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $9,648
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $9,648

    Income

    Annual Gross Income: $37,800

    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 Keller Williams Classic Rlty NW.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.