For Sale: Minneapolis MLS# 6754452
Active
NEW!
$289,900
Multi-family: Duplex Up and Down
Built 1898
1,700 sqft • 0.14 acres
Minneapolis schools
MLS# 6754452
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Property Description
Welcome to this income-producing duplex! The lower unit is designed with the owner-occupant in mind. It features a spacious layout, hardwood floors, large kitchen and 2 nice porch areas. The upper unit presents an exceptional opportunity for generating income. With its separate entrance and distinct living space, it offers privacy and independence. Investors will appreciate its potential for rental income. This property recently completed MPLS lead abatement program with $40k improvements in new windows, paint projects, etc. In addition, new roof in 2019 and new garage doors installed 2023. With separate utilities, each unit offers independent control and cost management. Conveniently located in Mpls, residents will enjoy easy access to public transportation, parks, and downtown, while maintaining a peaceful neighborhood atmosphere. The property's income-generating potential, coupled with its desirable features and separate utilities, makes it an excellent investment opportunity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$289,900
Price per sq ft:
$171
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1898
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55412
Neighborhood/Area:
McKinley
Interior
Finished Area:
1,700 ft2
Living Area:
1,700 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
Partial
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
350 ft2
Garage Door Height:
7
Garage Door Width:
8
Foundation Size:
989 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Detached
Road Frontage:
City Street
Exterior Material:
- Metal Siding
- Vinyl Siding
- Wood Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.14
Geolocation:
45.0161673608, -93.28963599
Lot Dimensions:
46 x 126
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,500
Annual Maintenance Expense:
$1,000
Annual Gross Expense:
None
Annual Trash Expense:
$500
Annual Water/Sewer Expense:
$1,500
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,340
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,340
Income
Annual Gross Income:
$31,500
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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Listing provided by RMLS,
courtesy of Howard Gangestad Real Estate.
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.