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For Sale:  Minneapolis MLS# 7087204

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Active Contingent
$465,000
/mo Edit
Multi-family:  Duplex Up and Down
5 br • 2 ba • Built 1912
2,620 sqft • 0.13 acres
Minneapolis schools
MLS# 7087204
763-576-8286
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    Property Description

    Diamond Lake area duplex with immediate income in place. Both units are leased through August 2026 at $1, 800/month each — $3, 600/month gross rent — giving a new owner a clean runway to assume existing tenants or reset terms at lease end. There is a detached garage and off-street parking. Built in 1912 with classic two-story character, 1, 838 finished square feet, and two separate units. A rare opportunity to own income-producing property in one of south Minneapolis's most desirable neighborhoods.

    Listing

    Listing Status: Active Contingent
    Contingency: Inspection
    List Price: $465,000
    Price per sq ft: $177
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1912
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55417
    Neighborhood/Area: 17
    Subdivision Name: Tingdale Bros Portland Way

    Interior

    Bedrooms: 5
    Bathrooms: 2
    Finished Area: 2,620 ft2
    Living Area: 2,620 ft2
    Refrigerators: Two
    Basement Details:
    • Storage Space
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 528 ft2
    Foundation Size: 879 ft2
    Fencing: Full, Privacy, Vinyl
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Concrete
    • Detached Garage
    • Shared Garage/Stall
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Exterior Material: Frame
    Pool: None
    Roof Details:
    • Asphalt
    • Pitched

    Rooms

    Shared Rooms: Other

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.13
    Geolocation: 44.893243, -93.267398
    Lot Dimensions: 50 x 113 x 50 x 112
    Zoning:
    • Residential-Multi-Family
    • Residential-Single 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: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $6,122
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,122

    Income

    Annual Gross Income: None

    Rent

    Annual Net Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    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 Wits Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.