For Sale: Minneapolis MLS# 7028764
Active
NEW!
$475,000
Multi-family: More Than 2 Stories
5 br • 3 ba • Built 1900
2,164 sqft • 0.13 acres
MLS# 7028764
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Property Description
Turnkey duplex opportunity in Minneapolis’ Lyndale neighborhood. The main level apt features a comfortable 2-bedroom, 1-bath layout with a living room bay window, decorative fireplace in the primary bedroom, and a blend of classic hardwood and tile floors. Just outside, relax on the covered front or rear porch. The upper-level apartment spans a story and a half with 3 bedrooms and 2 bathrooms. The expansive primary ensuite stretches approximately 38 feet from front to back and includes an updated bathroom, walk-in closet, and flexible space ideal for a home office, studio, reading nook, or workout area. The kitchen opens to a large deck, and the unit enjoys bright, sunny spaces throughout. Shared laundry in the lower level with separate rear entrance. Convenient off-street parking with a detached single-car garage plus space for 3–4 additional vehicles. An excellent opportunity for an owner-occupant or investor.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$475,000
Price per sq ft:
$220
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
More Than 2 Stories
Zip Code:
55408
Neighborhood/Area:
48
Subdivision Name:
Bakers Add
Interior
Bedrooms:
5
Bathrooms:
3
Finished Area:
2,164 ft2
Living Area:
2,164 ft2
Refrigerators:
One Per Unit
Basement Details:
- Block
- Crawl Space
- Partial
- Shared Access
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
1
Foundation Size:
858 ft2
Fencing:
Chain Link, Partial
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Gravel
- Parking Lot
Shared Amenities:
- Coin-op Laundry Owned
- Laundry
- Porch
Road Frontage:
- City Street
- Sidewalks
Exterior Material:
- Block
- Stone
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.13
Geolocation:
44.940334, -93.286527
Lot Dimensions:
45 x 129
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Medium
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,301
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,880
Tenant Expenses:
Broadband, Cable TV, Electricity, Gas, Heat, Hot Water, See Remarks
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,343
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,343
Income
Annual Gross Income:
$42,000
Rent
Annual Net Income:
$28,475
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
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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 National Realty Guild.
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.