For Sale: Minneapolis MLS# 7080138
Active
NEW!
$305,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1906
1,776 sqft • 0.1 acres
Minneapolis schools
MLS# 7080138
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Property Description
Exceptional investment opportunity in Minneapolis' growing Hawthorne neighborhood! This well-maintained duplex is ideal for both owner-occupants and investors seeking strong cash flow and long-term appreciation. Major updates completed in 2021-2022 include a new roof, furnace, water heater, walkway, stairs, and retaining wall, providing peace of mind and reduced maintenance costs for years to come. The property is currently generating solid rental income, with Unit 1 rented at $1, 250/month and Unit 2 rented at $1, 575/month.
Located in an area experiencing significant reinvestment and growth, this property is surrounded by new development activity, including a brand-new construction duplex valued at approximately $450, 000 being built next door. Additional new construction projects have recently been completed nearby, further enhancing the neighborhood's appeal and future value. Whether you're looking to live in one unit while offsetting your mortgage with rental income or add a stable, income-producing asset to your portfolio, this duplex offers a rare combination of cash flow, updates, and upside potential. Don't miss your chance to own in one of North Minneapolis' emerging neighborhoods!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$305,000
Price per sq ft:
$172
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1906
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55411
Neighborhood/Area:
31
Subdivision Name:
Payne & Hendersons Sub Morrisons
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,776 ft2
Living Area:
1,776 ft2
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
300 ft2
Foundation Size:
779 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Detached Garage
Exterior Material:
Block
Rooms
Laundry:
- Common Area
- In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.1
Geolocation:
45.010027, -93.283805
Lot Dimensions:
28 x 158
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:
$2,300
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,600
Annual Water/Sewer Expense:
$979
Tenant Expenses:
Electricity, Fuel, Gas, Heat, Hot Water
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,893
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,893
Income
Annual Gross Income:
$33,900
Rent
Annual Net Income:
$27,566
Units
Total Units:
2
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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 Keller Williams Realty Integrity Lakes.
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.