For Sale: Minneapolis MLS# 7142102
Active
NEW!
$450,000
Multi-family: Duplex Up and Down
6 br • 3 ba • Built 1911
2,290 sqft • 0.11 acres
Minneapolis schools
MLS# 7142102
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Property Description
Charming Minneapolis Duplex in a Storybook Neighborhood Near the University of Minnesota
Welcome to 50 Arthur Ave SE, a beautifully maintained duplex nestled in a charming, storybook neighborhood just minutes from the University of Minnesota and light rail station. With 6 bedrooms and 3 bathrooms, this property offers an excellent combination of classic character, comfortable living spaces, and investment potential.
The upper unit features 4 bedrooms and 1.5 bathrooms, while the property’s thoughtful layout provides flexibility for both owner-occupants and investors. Each unit has separate heat and gas.
Inside, you'll find beautiful hardwood floors, built-in buffets, and timeless architectural details that give the home warmth and character. Peaceful front porches provide inviting outdoor spaces to relax & enjoy the neighborhood. A newer 2 stall garage and 3 off-street parking spots add value and convience.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$450,000
Price per sq ft:
$197
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1911
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55414
Neighborhood/Area:
65
Subdivision Name:
Andrus Add To Prospect Park
Interior
Bedrooms:
6
Bathrooms:
3
Finished Area:
2,290 ft2
Living Area:
2,290 ft2
Refrigerators:
Two
Basement Details:
- Full
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
22x22
Garage Size:
484 ft2
Garage Door Height:
7
Garage Door Width:
16
Foundation Size:
996 ft2
Foundation Dimensions:
40X25
Fencing:
Partial, Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Concrete
- Detached Garage
- Gravel
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Concrete
Pool:
None
Roof Details:
Age Over 8 Years
Rooms
Laundry:
In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.11
Geolocation:
44.969375, -93.21592
Lot Dimensions:
41X116
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,800
Annual Maintenance Expense:
$500
Annual Trash Expense:
$700
Annual Water/Sewer Expense:
$1,400
Tenant Expenses:
Electricity, Heat
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$7,732
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,732
Income
Annual Gross Income:
$42,900
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$35,500
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 RE/MAX Results.
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.