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For Sale:  Minneapolis MLS# 7005572

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Active Potential Short Sale
$409,000
/mo Edit
Multi-family:  Duplex Up and Down
4 br • 2 ba • Built 1904
1,900 sqft • 0.11 acres
MLS# 7005572
763-576-8286
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    Property Description

    Well-cared-for duplex in Northeast Minneapolis’ historic Beltrami neighborhood, located on a quiet, low-traffic street just one block from historic Beltrami Park. This property offers a combination of character, updates, and income potential for both owner-occupants and investors. The layout provides flexibility for an owner-occupant to live in one unit while maximizing rental income from the three-bedroom unit. The lower-level unit is a fully remodeled one-bedroom with a large bedroom and closet, and office-$1, 650 per month. The upper-level unit offers three bedrooms, hard flooring throughout, a clean layout, and skyline views-$1, 900 per month. Property features include durable steel siding, steel-beam foundation, updated bathrooms and windows, new furnaces, patios, ample storage, and a spacious backyard. Located minutes from the NE Arts District, local restaurants and breweries, Quarry Shopping Center, and Downtown Minneapolis with easy access throughout the Twin Cities.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $409,000
    Price per sq ft: $215
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1904
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55413
    Neighborhood/Area: 4
    Subdivision Name: Ramsey Lockwood & Others Add St Anth

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 1,900 ft2
    Living Area: 1,900 ft2
    Refrigerators: Two
    Basement Details: Block

    Exterior

    Stories: Modified Two Story
    Garage Spaces: 0
    Foundation Size: 2,268 ft2
    Fencing: Wood
    Handicap Accessible: Grab Bars In Bathroom
    Heating System: Forced Air
    Shared Amenities:
    • Coin-op Laundry Owned
    • Common Garden
    • Porch
    Exterior Material:
    • Block
    • Brick
    • Concrete
    • Steel Siding
    Roof Details: Age Over 8 Years

    Rooms

    Laundry:
    • Common Area
    • Gas Dryer Hookup
    • In Basement
    • Laundry Room
    • Sink

    Lot & Land

    Acres: 0.11
    Geolocation: 44.99557, -93.243154
    Lot Dimensions: 39.3 x 124

    Schools

    School District: 558
    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: 2024
    Annual Taxes: $5,447
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: None

    Income

    Annual Gross Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer - In Street
    Water System: City Water - In Street
    Power Company Name: Xcel Energy

    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 homecoin.com.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.