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For Sale:  Minneapolis MLS# 7044904

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Active NEW!
$399,900
/mo Edit
Multi-family:  Duplex Side by Side
4 br • 2 ba • Built 1948
1,600 sqft • 0.15 acres
MLS# 7044904
763-576-8286
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    Property Description

    Introducing a fantastic side-by-side duplex for sale, featuring two spacious bedrooms and one full bathroom in each unit. Both units showcase original hardwood floors and are flooded with natural light, creating an inviting atmosphere. Additionally, each unit boasts a full basement that is unfinished, presenting a perfect opportunity to add two more bedrooms and another bathroom, allowing for untapped equity and increased rental potential. This property also includes a two-car detached garage, offering convenience and extra storage. Located in the highly sought-after South Minneapolis area, residents can enjoy easy walking access to excellent restaurants, parks, trails, transit options, and more. This property represents a great investment opportunity in a prime location, just waiting for your personal touch and renovations.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $399,900
    Price per sq ft: $250
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1948
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55419
    Neighborhood/Area: 1
    Subdivision Name: South Gate Terrace 1st Div

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 1,600 ft2
    Living Area: 1,600 ft2
    Refrigerators: Two
    Basement Details: Block

    Exterior

    Stories: One
    Garage Spaces: 2
    Garage Size: 400 ft2
    Foundation Size: 1,600 ft2
    Handicap Accessible: Other
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features: Detached Garage
    Road Frontage: City Street
    Exterior Material:
    • Block
    • Concrete
    • Frame
    Roof Details: Asphalt

    Rooms

    Laundry: Lower Level

    Lot & Land

    Acres: 0.15
    Geolocation: 44.902221, -93.309021
    Lot Dimensions: 50 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: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $6,493
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,246

    Income

    Annual Gross Income: None

    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

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