For Sale: Minneapolis MLS# 7124680
Active
NEW!
$525,000
Multi-family: Duplex Up and Down
8 br • 3 ba • Built 1900
2,965 sqft • 0.15 acres
Minneapolis schools
MLS# 7124680
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Fantastic Opportunity to purchase two structures on a single lot on a quiet street near Farview Park in Minneapolis! Duplex units each offer 3 bedrooms and 1 bathroom alongside large, spacious kitchens and shared laundry machines in the lower level. Single family home is freshly turned. The home offers 684sf, 2 bedrooms + office, updated kicthen and bathroom. 2 car garage near the alley can be rented for additional income. Property is priced under $65, 000/bedroom so you can enjoy very strong cash flow on this long term investment opportunity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$525,000
Price per sq ft:
$177
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55411
Neighborhood/Area:
31
Subdivision Name:
Woodland Park
Interior
Bedrooms:
8
Bathrooms:
3
Finished Area:
2,965 ft2
Living Area:
2,965 ft2
Refrigerators:
Three
Basement Details:
- Partial
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
440 ft2
Foundation Size:
1,707 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Attached Garage
Roof Details:
Architectural Shingle
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.15
Geolocation:
45.005179, -93.286034
Lot Dimensions:
45 x 150
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Light
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$1
Annual Electric Expense:
$1
Annual Fuel Expense:
$1
Annual Insurance Expense:
$2,600
Annual Maintenance Expense:
$500
Annual Trash Expense:
$1
Annual Water/Sewer Expense:
$2,400
Tenant Expenses:
Electricity, Fuel, Gas
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,151
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,151
Income
Annual Gross Income:
$70,800
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 RE/MAX Results.
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.