For Sale: Minneapolis MLS# 7143359
Active
NEW!
$585,000
Multi-family: Duplex Up and Down
5 br • 3 ba • Built 1913
3,058 sqft • 0.18 acres
Minneapolis schools
MLS# 7143359
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Property Description
Well-maintained and updated Minneapolis duplex conveniently located within walking distance of three beautiful parks and lakes. The upper-level unit features 4 bedrooms, 2 bathrooms, a kitchen, dining area, and family room. The main-level unit offers 1 bedroom, 1 bathroom, kitchen, dining area, family room, and a porch. The basement provides plenty of storage space for bicycles, seasonal items, and more. A convenient laundry area is also located in the basement. Both front and back doors feature smart locks and keys for added security and convenience. Off-street parking is available for up to 6 vehicles. Both units feature kitchens equipped with a pantry, range, oven, microwave, and refrigerator, along with central heating and cooling. All major, high-cost updates were completed in 2025. The property was recently inspected and is Minneapolis TISH compliant. Truly a convenient location, close to downtown, Target Center and Target Field, the Minneapolis–Saint Paul International Airport, and the University of Minnesota. An excellent opportunity for an owner-occupant looking to live in one unit while generating rental income from the other.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$585,000
Price per sq ft:
$191
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1913
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55408
Neighborhood/Area:
84
Subdivision Name:
J T Blaisdells Rev Add
Interior
Bedrooms:
5
Bathrooms:
3
Finished Area:
3,058 ft2
Living Area:
3,058 ft2
Refrigerators:
Two
Basement Details:
- Daylight/Lookout Windows
- Drain Tiled
- Full
- Partially Finished
- Shared Access
- Storage Space
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
18x18
Garage Size:
324 ft2
Foundation Size:
1,141 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Fireplace(s)
- Forced Air
Parking Features:
- Asphalt
- Detached Garage
- Electric
- Finished Garage
- Guest Parking
- Insulated Garage
- Open
- Parking Lot
- Storage
- Unassigned
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
- City Street
- Curbs
- Sidewalks
- Street Lights
Exterior Material:
Frame
Roof Details:
- Age Over 8 Years
- Asphalt
Rooms
Shared Rooms:
Other
Laundry:
- Gas Dryer Hookup
- In Basement
- Laundry Room
- Sink
- Washer Hookup
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.18
Geolocation:
44.95261, -93.281793
Lot Dimensions:
48 x 165
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:
$4,000
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,800
Annual Water/Sewer Expense:
$1,800
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$11,029
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$11,029
Income
Annual Gross Income:
$57,200
Rent
Annual Net Income:
$38,571
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
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 Gatehouse Properties LTD.
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.