For Sale: Minneapolis MLS# 7076416
Active
$575,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1929
2,504 sqft • 0.13 acres
Minneapolis schools
MLS# 7076416
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Property Description
Beautifully maintained and stately duplex on a prominent corner lot in the highly sought-after Cedar-Isles-Dean neighborhood. Both units feature remodeled kitchens, abundant natural light, and classic character throughout. The upper unit is vacant, providing an excellent opportunity for an owner-occupant, while the lower unit is currently rented at $1, 885/month with room for future upside. Unit 2 was previously rented for $2, 150/month. Enjoy the private fenced backyard with patio, perfect for relaxing or entertaining. Incredible walkability to Cedar Lake, Bde Maka Ska, Lake of the Isles, Whole Foods, Wakame Sushi, Taberna, the new light rail station, and countless other neighborhood favorites. A rare opportunity to own a turnkey duplex in one of Minneapolis' most desirable locations.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$575,000
Price per sq ft:
$230
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1929
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55416
Neighborhood/Area:
9
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,504 ft2
Living Area:
2,504 ft2
Refrigerators:
Two
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
20x22
Garage Size:
440 ft2
Foundation Size:
1,252 ft2
Fencing:
Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached Garage
Shared Amenities:
- Deck
- Patio
Road Frontage:
City Street
Roof Details:
Asphalt
Rooms
Laundry:
- In Basement
- Lower Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.13
Geolocation:
44.9486056254, -93.3258751551
Lot Dimensions:
50.00 X 128.00
Zoning:
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
Corner Lot
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$912
Annual Fuel Expense:
$1,608
Annual Insurance Expense:
$3,000
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$972
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$11,453
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$11,453
Income
Annual Gross Income:
$50,400
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.
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Listing provided by RMLS,
courtesy of Jason Mitchell Group.
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.