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For Sale:  Minneapolis MLS# 7160550

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Active NEW!
$725,000
/mo Edit
Multi-family:  Duplex Side by Side
10 br • 4 ba • Built 1954
3,920 sqft • 0.12 acres
Minneapolis schools
MLS# 7160550
763-576-8286
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    Property Description

    Check out this beautifully updated duplex near the University of Minnesota! Featuring modern updates, stainless steel appliances, and impressive 12-foot vaulted ceilings in the upstairs bedrooms. This property offers a unique blend of character, style, and functionality. With its desirable location near campus, restaurants, coffee shops, and local amenities, it’s an excellent opportunity for investors looking for strong rental potential and the ability to cash flow. Whether you're expanding your investment portfolio or looking for an owner-occupant opportunity, this duplex is one you won’t want to miss!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $725,000
    Price per sq ft: $185
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1954
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55414
    Neighborhood/Area: 14
    Subdivision Name: Cole & Weeks Add

    Interior

    Bedrooms: 10
    Bathrooms: 4
    Finished Area: 3,920 ft2
    Living Area: 3,920 ft2
    Refrigerators: Two
    Basement Details:
    • Block
    • Egress Window(s)
    • Partial
    • Partially Finished
    • Storage Space
    • Sump Pump

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,344 ft2
    Fencing: Chain Link
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Shared Driveway
    Shared Amenities: Patio
    Road Frontage: City Street
    Exterior Material: Frame
    Pool: None
    Roof Details: Architectural Shingle

    Rooms

    Shared Rooms: Other
    Laundry: In Basement

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.12
    Geolocation: 44.985385, -93.220685
    Lot Dimensions: 41 x 127
    Zoning: Residential-Multi-Family
    Lot Description: 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: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $12,201
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $12,201

    Income

    Annual Gross Income: $64,800

    Rent

    Annual Net Income: $58,800

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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