For Sale: Minneapolis MLS# 7059294
Active
NEW!
$385,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1951
1,884 sqft • 0.12 acres
Minneapolis schools
MLS# 7059294
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Property Description
Clean and well-maintained up/down duplex in a highly walkable/bikeable neighborhood, offering an excellent investment opportunity to rent both units or owner-occupy and have your mortgage offset by rental income.
Each unit has its own in-unit laundry, separate gas and electric meters for split utilities, and private deck with access to the fully-fenced backyard.
Improvements include two newer water heaters (2025 and 2019), new gas range in the upstairs unit (2025) and roof replaced (2016).
The lower unit spans the main floor and basement, with three bedrooms total. Hardwood floors on the main level and charming updated kitchen with gas range and butcher block counters. Private interior access leads to the finished basement, which includes the third bedroom, an amusement room, and a large laundry and storage room.
The upper unit has one bedroom, full bathroom, a sitting nook, in-unit laundry, brand new gas range, two window A/C units (window A/C units stay with the property), and electric baseboard heat.
Both units enjoy access to their own private deck, a fully fenced backyard, and share a detached two-car garage with a large parking pad.
Convenient to Nicollet Avenue's walkable corridor, home to neighborhood favorites like The Lowbrow, Driftwood, and Silverbird Coffee. Minutes from entertainment like the Parkway Theater, and grocery options like Kingfield Farmers Market at MLK Park (Sundays), Seward Co-op Friendship Store, and Lunds & Byerlys. Close to Lakes Hiawatha and Nokomis, and Minnehaha Creek, for outdoor enjoyment. Quick connections to I-35W and downtown Minneapolis.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$385,000
Price per sq ft:
$204
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1951
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55407
Neighborhood/Area:
66
Subdivision Name:
F A Savages Portland Ave Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,884 ft2
Living Area:
1,884 ft2
Refrigerators:
One Per Unit
Basement Details:
- Concrete
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
- Partially Finished
- Single Tenant Access
- Storage Space
Exterior
Stories:
One and One Half
Garage Spaces:
2
Garage Dimensions:
24 x 22
Garage Size:
528 ft2
Foundation Size:
884 ft2
Foundation Dimensions:
34 x 26
Fencing:
Chain Link, Full
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
- Space Heater
Parking Features:
- Concrete
- Detached Garage
- Garage Door Opener
Shared Amenities:
None
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Concrete
Pool:
None
Roof Details:
- Age Over 8 Years
- Asphalt
- Pitched
Rooms
Laundry:
- Gas Dryer Hookup
- In Basement
- In Hall
- In Unit
- Laundry Closet
- Laundry Room
- Sink
- Upper Level
- Washer Hookup
Lot & Land
Acres:
0.12
Geolocation:
44.922852, -93.268054
Lot Dimensions:
45 x 120
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,600
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,020
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$8,162
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,162
Income
Annual Gross Income:
$36,900
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$20,880
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
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 Keller Williams Realty Integrity.
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.