For Sale: Minneapolis MLS# 7037588
Active
NEW!
$375,000
Multi-family: Duplex Side by Side
2 br • 2 ba • Built 1929
1,450 sqft • 0.12 acres
MLS# 7037588
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Property Description
Classic So Minneapolis double bungalow situated nicely just down the street from Hiawatha Lake, park & golf course...plus access to miles of walking/biking trails. Also, just down the street from Northern Coffeeworks coffee shop, A Bakers Wife Bakery, Busters Pub & Grill, a neighborhood supermarket & gift shop. 1BR /1BA units. Whether you're looking for an owner occupant home with built-in income or an excellent investment opportunity, this charming duplex & neighborhood will be a great fit! Stucco exterior with arched entry to front porch. Private back yard with small patio & storage shed. Inside 4240 unit (currently vacant for selling purposes) you'll find HW floors, Natural WW, cove molding & piano windows in LR/DR. Updated kitchen with natural wood cabinets, SS appliances & new counter top. Updated bath with tile shower surround, pedestal sink & wainscoting. Quiet BR tucked at the back. Back hall acts as entry/mud room with storage closet. 2nd unit rented at $850 (low for market). Each unit has its own private/lockable basement with laundry & storage. Mechanically strong with newer furnaces/AC units (approx. 8 years), newer roof (approx. 2 yrs), 100 amp electric, vinyl windows, glass block windows in basement. 2 car gar w/GDO's plus concrete driveway. Nice...come check it out!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$375,000
Price per sq ft:
$259
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1929
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55406
Neighborhood/Area:
73
Subdivision Name:
Rice Lake Terrace Add
Interior
Bedrooms:
2
Bathrooms:
2
Finished Area:
1,450 ft2
Living Area:
1,450 ft2
Basement Details:
- Block
- Single Tenant Access
- Storage Space
- Unfinished
Exterior
Stories:
One
Garage Spaces:
2
Garage Dimensions:
20x20
Garage Size:
400 ft2
Foundation Size:
1,450 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Garage Door Opener
Roof Details:
- Age 8 Years or Less
- Architectural Shingle
Rooms
Laundry:
- Gas Dryer Hookup
- Lower Level
- Sink
- Washer Hookup
Lot & Land
Acres:
0.12
Geolocation:
44.925615, -93.232503
Lot Dimensions:
40 x 126
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,139
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,440
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,325
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,325
Income
Annual Gross Income:
$20,440
Rent
Annual Net Income:
$20,400
Units
Total Units:
2
Miscellaneous
Fuel System:
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 Coldwell Banker Realty - Southwest Regional.
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.