For Sale: Minneapolis MLS# 7013610
Active Contingent
NEW!
$359,000
Multi-family: 2 Stories
3 br • 2 ba • Built 1926
2,034 sqft • 0.18 acres
MLS# 7013610
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Property Description
South Minneapolis solid up/down duplex on corner lot, fully upper unit w/long term tenants. Main floor is vacant and move in ready – ideal for owner/occupant or investment. Main floor offers 2 beds, 1 full bath, large LR, DR w/built in hutch and bonus front sun lit porch. Kitchen has new granite tops and new flooring. Both units have front and rear entrances, 2 car shared ATTACHED garage (1 stall for reach unit), full basement w/shared laundry and storage. *Possibility to add basement efficiency unit as it currently features (non functional) bath and large room (currently being utilized as storage; would need to add egress). Check with city/code for requirements. Could be a great opportunity for those willing to put in the work and see the vision or even add additional storage unit income. This could also be a single family conversion option turning your dream home into a corner lot reality. Unit 2 (1 bed, 1 bath unit) on m2m - LONG term tenant, w/ 60 day notice. Tenants handle snow removal and lawn care. Large lot, shared greenspace in backyard. Opportunities like this in well-established sought after neighborhoods rarely become available – there’s a saying that real estate is the fastest way to build wealth, and this is your chance to be on that path.
Listing
Listing Status:
Active Contingent
Contingency:
Sale of Another Property
List Price:
$359,000
Price per sq ft:
$176
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1926
State:
MN
Property Style:
2 Stories
Zip Code:
55407
Neighborhood/Area:
3
Subdivision Name:
Viking Heights
Interior
Bedrooms:
3
Bathrooms:
2
Finished Area:
2,034 ft2
Living Area:
2,034 ft2
Refrigerators:
Two
Basement Details:
- Full
- Shared Access
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
420 ft2
Foundation Size:
1,166 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Attached Garage
- Concrete
Shared Amenities:
- Laundry
- Other
Road Frontage:
City Street
Roof Details:
- Age Over 8 Years
- Asphalt
Rooms
Shared Rooms:
Other
Laundry:
- Common Area
- In Basement
Lot & Land
Acres:
0.18
Geolocation:
44.928804, -93.24947
Lot Dimensions:
0
Zoning:
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
Corner Lot
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,300
Annual Fuel Expense:
$1,300
Annual Insurance Expense:
$3,000
Annual Maintenance Expense:
$200
Annual Trash Expense:
$600
Annual Water/Sewer Expense:
$800
Tenant Expenses:
Lawn Care, Snow Removal
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,507
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
None
Income
Annual Gross Income:
$26,940
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$19,540
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
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.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Tradewind Properties.
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.