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For Sale:  Minneapolis MLS# 7046857

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Active
$464,900
/mo Edit
Multi-family:  Duplex Up and Down
4 br • 3 ba • Built 1894
2,040 sqft • 0.118 acres
MLS# 7046857
763-576-8286
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    Property Description

    Great opportunity to own an income producing duplex with a solid rental history! This property is perfect for either an owner occupant or an investor. Located in the desirable Lyn Lake area of Uptown, it is close to a plethora of shopping and dining options as well as a short distance from Bde Maka Ska. Interior features recently updated kitchens and baths in both units, private laundry, original woodworking, and flowing floor plans. Outside you'll find a great yard with alley access.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $464,900
    Price per sq ft: $228
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 1
    County: Hennepin
    Year Built: 1894
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55408
    Neighborhood/Area: 48
    Subdivision Name: Motor Line Add

    Interior

    Bedrooms: 4
    Bathrooms: 3
    Finished Area: 2,040 ft2
    Living Area: 2,040 ft2
    Refrigerators: Two
    Basement Details:
    • Full
    • Storage Space
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 1
    Garage Dimensions: 20x12
    Garage Size: 240 ft2
    Foundation Size: 1,080 ft2
    Fencing: Chain Link, Full
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features: Detached Garage
    Shared Amenities: Porch
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Rooms

    Laundry: In Unit

    Lot & Land

    Acres: 0.118
    Geolocation: 44.945862, -93.285212
    Lot Dimensions: 40 x 129
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $1,600
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,250
    Tenant Expenses: Broadband, Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $8,802
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,802

    Income

    Annual Gross Income: $48,900
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System:
    • Natural Gas
    • Other
    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 Lakes Sotheby's International Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.