For Sale: Minneapolis MLS# 7108520
Active
NEW!
$225,000
Multi-family: Other
4 br • 2 ba • Built 1906
2,046 sqft • 0.13 acres
Minneapolis schools
MLS# 7108520
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Property Description
Calling all Investors & Owner Occupants seeking their next project! Enchantment & wonder start the moment your eyes capture this 1906 built jewel sitting stately over Queen Avenue, just a few houses off Olson Memorial Highway. This property consists of the original 2-story duplex & a standalone believed to be added in 1920. Multiple entrances to the main home provide convenience from either front or backyard. The main floor is move-in ready allowing you to live onsite while refurbishing the 2nd story. Main floor provides an open and spacious floor plan punctuated by the charm & character you desire. Spacious Kitchen, Formal Dining, Living Room, Full Bath & Primary are found on this floor. The 2nd story mimics the main floor, but the layout provides a Kitchen, combination Dining/Living Room, Full Bath & 2 Bedrooms. While on the 2nd floor & with a separate entrance, venture up the stairs to your Attic space = UNTAPPED POTENTIAL. Let your passion & creativity run wild creating a cool space to gather OR could it be an added Efficiency? Downstairs you will find the shared laundry & storage or workspace. The grounds are filled with trees & gardens painstakingly created years ago. On the back part of the lot stands a 700+ square foot standalone home that needs substantial work BUT could provide ample long-term income. 2024 saw a $75, 000 investment in both roofs thus providing one less long-term worry. If you know this area, you know that it provides awe inspiring gifts such as the Lakes, Theodore Wirth Park, Walker Art Center, Target Field & proximity for those that work downtown. Tour today before this opportunity at 722 Queen Avenue is gone tomorrow.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$225,000
Price per sq ft:
$110
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1906
State:
MN
Property Style:
Other
Zip Code:
55411
Neighborhood/Area:
85
Subdivision Name:
Fletcher & Lorings Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,046 ft2
Living Area:
2,046 ft2
Basement Details:
- Daylight/Lookout Windows
- Unfinished
- Walkout
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,730 ft2
Fencing:
Chain Link, Partial
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
On-Street Parking Only
Road Frontage:
- City Street
- Sidewalks
Exterior Material:
Stone
Pool:
None
Roof Details:
- Age 8 Years or Less
- Architectural Shingle
- Asphalt
Rooms
Shared Rooms:
Other
Laundry:
- Gas Dryer Hookup
- In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.13
Geolocation:
44.985755, -93.309282
Lot Dimensions:
40 x 142 x 40 x 142
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Heavy
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:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$4,292
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$4,292
Income
Annual Gross Income:
None
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
3
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 Edina Realty, Inc..
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.