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For Sale:  Minneapolis MLS# 6807838

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Active
$449,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1902
2,560 sqft • 0.14 acres
Minneapolis schools
MLS# 6807838
763-576-8286
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    Property Description

    The investment opportunity you’ve been waiting for! This massive duplex in the Central Neighborhood of South Minneapolis offers strong current income with future upside. Key capital improvements already completed, including brand-new boilers for both units, maintenance-free siding, updated windows, and nicely refreshed interiors—ideal for attracting top-market rents while minimizing future repair costs. With nearly 2, 600 finished sq ft and over 5, 600 total sq ft, this property features a large basement and walk-up attic currently used for tenant storage but offering potential for value-added expansion for the next owner. Ideal for both first-time investors or seasoned portfolio builders seeking a great addition to their portfolio. Units rented until June of 2026 at $1895 & May of 2026 at $1650. Owner pays for water/sewer/trash, tenants responsible for gas & electric. Don’t miss this cash-flow opportunity with built-in equity potential—schedule your showing today!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $449,000
    Price per sq ft: $175
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1902
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55408
    Neighborhood/Area: Central

    Interior

    Finished Area: 2,560 ft2
    Living Area: 2,560 ft2
    Ranges: Two
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,280 ft2
    Fencing: Chain Link, Privacy, Wood
    Handicap Accessible: Stair Lift
    Heating System:
    • Boiler
    • Hot Water
    Parking Features: Gravel
    Road Frontage: City Street
    Exterior Material:
    • Metal Siding
    • Vinyl Siding
    Roof Details:
    • Asphalt
    • Rubber

    Lot & Land

    Acres: 0.14
    Geolocation: 44.943812, -93.273188
    Lot Dimensions: 46 x 128
    Zoning: Residential-Multi-Family

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Electricity, Fuel, Grounds Care, Snow Removal

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,100
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,100

    Income

    Annual Gross Income: $42,540

    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 Keller Williams Classic Rlty NW.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.