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For Sale:  Minneapolis MLS# 6704266

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Active
$550,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1900
2,624 sqft • 0.12 acres
Minneapolis schools
MLS# 6704266
763-576-8286
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    Property Description

    Amazing opportunity for an owner occupied duplex or to add to an investment portfolio. Live in the big unit and the mortgage payment is less than you would have on a $300, 000 house when adding in your rental income! Same owner for the past 20 years, not one full month of vacancy over that time! Welcome to 735 NE Madison St, a charming duplex nestled in the heart of Minneapolis, MN. This multi-family property offers a unique opportunity for both homeowners and investors alike. The duplex features a classic design that blends seamlessly with the vibrant neighborhood, providing a perfect balance of comfort and convenience. Each unit is thoughtfully designed to maximize space and functionality. Parking is a breeze with the attached garage, ensuring your vehicles are protected from the elements year-round. Additionally, the property includes common storage areas, providing extra space for all your belongings. New roof and siding in past 12 months! The location of this duplex is truly unbeatable. Situated in a lively community, residents can enjoy easy access to local amenities, dining, and entertainment options. Whether you're taking a leisurely stroll through nearby parks or exploring the vibrant local scene, there's always something to do. This property is a fantastic opportunity for those seeking a versatile living arrangement or a promising investment in a sought-after area. Don't miss your chance to own a piece of Minneapolis charm at 735 NE Madison St. Schedule a viewing today and discover the potential this duplex has to offer. Seller has invested 75k into the building in the past 2 years, so you can enjoy this wonderful property with peace of mind!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $550,000
    Price per sq ft: $210
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55413
    Neighborhood/Area: St. Anthony East
    Subdivision Name: Sibley Add To St Anth

    Interior

    Finished Area: 2,624 ft2
    Living Area: 2,624 ft2
    Basement Details:
    • Partial
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 480 ft2
    Foundation Size: 1,308 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Exterior Material: Aluminum Siding
    Roof Details: Age 8 Years or Less

    Lot & Land

    Acres: 0.12
    Geolocation: 44.997911, -93.253347
    Lot Dimensions: 40 x 129

    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: $90
    Annual Water/Sewer Expense: $100
    Tenant Expenses: Cable TV, Electricity, Gas

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $8,734
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,734

    Income

    Annual Gross Income: $45,300

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System:
    • City Sewer - In Street
    • City Sewer/Connected
    Water System:
    • City Water - In Street
    • City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by RMLS, courtesy of Compass.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.