For Sale: Minneapolis MLS# 7100406
Active
NEW!
$450,000
Multi-family: Duplex Side by Side
4 br • 2 ba • Built 1950
1,819 sqft • 0.18 acres
Minneapolis schools
MLS# 7100406
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Property Description
Rare duplex property in Southwest Minneapolis. Perfect match for an owner occupant or investor. Ready for renters immediately or add bedrooms/bathrooms to enhance and maximize the income potential of this property. A very walkable and prime location near everything at 54th and Penn Ave S plus close proximity to Lake Harriet, Linden Hills, local unique eateries and centrally located for easy access to the entire Twin Cities area. This side by side duplex faces west towards the green space and trees of the neighborhood favorite Armatage Park. The sunset views are spectacular from the front yard! Each side features 2 bedrooms and a full bathroom on the main level. Original hardwood floors. Freshly painted interiors. 2-car detached garage with no alley. Built in 1950 with an all brick exterior. New roof on home and garage in 2024. Full concrete block wall in lower level keeps each side 100% separate. Tons of storage space in the number of closets on the main level and in the lower level. Untapped potential in lower level to add an egress window or 2nd bathroom and increase finished square footage. Includes separate front and side entrances with minimal steps for easy access. Dividing up the utilities is easy due to and separate electric meters at back of the home and separate gas meters at the front. Clean City of Minneapolis TISH Report with no required repairs. A unique property with many positives in a prime Southwest Minneapolis location! Bring your vision or just move in and rent out immediately. High demand. Quick closing possible. Check it out today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$450,000
Price per sq ft:
$247
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1950
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55419
Neighborhood/Area:
1
Subdivision Name:
Penn Ave Heights
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,819 ft2
Living Area:
1,819 ft2
Refrigerators:
Two
Basement Details:
- Block
- Daylight/Lookout Windows
- Storage Space
- Storage/Locker
- Unfinished
Exterior
Stories:
One
Garage Spaces:
2
Garage Dimensions:
19x19
Garage Size:
404 ft2
Garage Door Height:
7
Garage Door Width:
8
Foundation Size:
1,819 ft2
Foundation Dimensions:
47x35
Fencing:
Chain Link, Full
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Detached Garage
- Garage Door Opener
- Shared Garage/Stall
Shared Amenities:
None
Road Frontage:
- City Street
- Curbs
- Sidewalks
- Street Lights
Exterior Material:
- Block
- Concrete
- Steel Siding
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Rooms
Laundry:
- Gas Dryer Hookup
- In Basement
- Lower Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.18
Geolocation:
44.900548, -93.308273
Lot Dimensions:
60 x 133
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:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,400
Annual Maintenance Expense:
None
Annual Trash Expense:
$800
Annual Water/Sewer Expense:
$1,600
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,083
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$9,508
Income
Annual Gross Income:
$38,400
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
- Electric
- 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 Compass.
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.