For Sale: Minneapolis MLS# 7087131
Active
NEW!
$364,000
Multi-family: Duplex Up and Down
8 br • 3 ba • Built 1899
3,744 sqft • 0.13 acres
Minneapolis schools
MLS# 7087131
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Attention investors: High-upside Minneapolis multi-family asset ready for your portfolio! Boasting classic 1899 craftsmanship, this 2+ story property delivers the scale, bones, and location that rental markets demand. Situated on a 5, 663 sq ft lot, the property offers an exceptional footprint optimized for strong long-term appreciation. This is a strict AS-IS sale—seller will provide no improvements, repairs, or monetary credits. Perfect for the savvy buyer ready to step into the business, maximize rental income, and build immediate equity. Bring your vision and secure this income property today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$364,000
Price per sq ft:
$97
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1899
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55411
Neighborhood/Area:
36
Subdivision Name:
Forest Heights
Interior
Bedrooms:
8
Bathrooms:
3
Finished Area:
3,744 ft2
Living Area:
3,744 ft2
Refrigerators:
Two
Basement Details:
Block
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Size:
600 ft2
Foundation Size:
3,744 ft2
Foundation Dimensions:
1248
Fencing:
Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached Garage
Shared Amenities:
- Deck
- Patio
- Porch
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
Concrete
Roof Details:
- Age Over 8 Years
- Asphalt
Rooms
Laundry:
- Electric Dryer Hookup
- In Basement
- Laundry Room
- Lower Level
- Washer Hookup
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.13
Geolocation:
45.004827, -93.302602
Lot Dimensions:
45 x 125
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$1,200
Annual Electric Expense:
$600
Annual Fuel Expense:
$1,500
Annual Insurance Expense:
$2,400
Annual Maintenance Expense:
$1,800
Annual Trash Expense:
$660
Annual Water/Sewer Expense:
$1,704
Tenant Expenses:
Cable TV, Telephone, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,407
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
None
Income
Annual Gross Income:
$48,600
Misc. Annual Income:
None
Misc. Monthly Income:
$1,800
Rent
Annual Net Income:
$28,893
Units
Total Units:
3
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
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Lakes.
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.