For Sale: Minneapolis MLS# 7009010
Active
NEW!
$370,000
Multi-family: 2 Stories
6 br • 3 ba • Built 1900
2,006 sqft • 0.16 acres
MLS# 7009010
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Property Description
Well-located Longfellow duplex with strong upside. Each unit offers 3 bedrooms, providing a rare and desirable layout for owner-occupants or investors. Upper unit has recently renovated and currently rented. Lower unit features 3 bedrooms and 2 bathrooms and offers a value-add opportunity for a buyer looking to renovate and increase equity or rental income. Lower unit will need a full renovation. New roof, and a new furnace. Convenient location close to parks, trails, transit, and neighborhood amenities. Excellent opportunity to invest, renovate and hold.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$370,000
Price per sq ft:
$184
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
2 Stories
Zip Code:
55406
Neighborhood/Area:
44
Subdivision Name:
South Minneapolis ADDN to MPLS
Interior
Bedrooms:
6
Bathrooms:
3
Finished Area:
2,006 ft2
Living Area:
2,006 ft2
Refrigerators:
Two
Basement Details:
- Daylight/Lookout Windows
- Full
- Sump Basket
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
500 ft2
Foundation Size:
1,008 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
Parking Features:
Detached Garage
Shared Amenities:
None
Road Frontage:
City Street
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
Laundry:
- Common Area
- In Basement
Lot & Land
Acres:
0.16
Geolocation:
44.9493306994, -93.2239255722
Lot Dimensions:
48 x 142
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$3,339
Annual Fuel Expense:
$2,086
Annual Insurance Expense:
$2,010
Annual Maintenance Expense:
$1,000
Annual Trash Expense:
$2,334
Annual Water/Sewer Expense:
$2,334
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,110
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,110
Income
Annual Gross Income:
$45,000
Rent
Annual Net Income:
$28,610
Units
Total Units:
2
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Bridge Realty, LLC.
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.