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For Sale:  Minneapolis MLS# 7090423

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Active NEW!
$475,000
/mo Edit
Multi-family:  Duplex Side by Side
4 br • 2 ba • Built 1948
1,711 sqft • 0.14 acres
Minneapolis schools
MLS# 7090423
763-576-8286
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    Property Description

    Beautifully updated side-by-side duplex in Minneapolis' desirable Diamond Lake neighborhood! With one unit vacant and move-in ready, this property is perfect for an owner-occupant looking to offset their mortgage or an investor seeking immediate rental income. Each unit offers 2 bedrooms, 1 bathroom, hardwood floors, neutral paint, and a bright, inviting layout. The updated kitchens feature modern cabinetry, granite countertops, and stainless steel appliances, while the refreshed bathrooms include updated fixtures and contemporary lighting. Additional highlights include updated HVAC, in-unit washer and dryer, tons of lower-level storage, and a detached garage stall with additional off-street parking for each unit. The side-by-side design provides privacy and functionality that feels more like two separate homes than a traditional duplex. Conveniently located near parks, schools, shopping, restaurants, public transit, and major commuter routes, this property offers the ideal combination of comfort, convenience, and investment potential.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $475,000
    Price per sq ft: $278
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1948
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55417
    Neighborhood/Area: 17
    Subdivision Name: Diamond Lake Terrace

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 1,711 ft2
    Living Area: 1,711 ft2
    Refrigerators: Two
    Basement Details:
    • Block
    • Full
    • Storage Space
    • Unfinished

    Exterior

    Stories: One
    Garage Spaces: 2
    Garage Dimensions: 20 x 18
    Garage Size: 360 ft2
    Foundation Size: 1,711 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Detached Garage

    Rooms

    Laundry: In Basement

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.14
    Geolocation: 44.895127, -93.262447
    Lot Dimensions: 50 x 118
    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: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $7,162
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,162

    Income

    Annual Gross Income: $43,440

    Units

    Total Units: 2

    Miscellaneous

    Fuel System:
    • Electric
    • 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 Via Realty LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.