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For Sale:  Minneapolis MLS# 7169778

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Active NEW!
$500,000
/mo Edit
Multi-family:  Duplex Up and Down
4 br • 3 ba • Built 1926
2,359 sqft • 0.14 acres
Minneapolis schools
MLS# 7169778
763-576-8286
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    Property Description

    Beautiful up and down duplex with character and space to relax while enjoying Lake Hiawatha across the street and Minnehaha Creek to the south. Take an easy walk to the creek down the alley or across the street, and reach Lake Hiawatha and all the park amenities. Each unit offers two bedrooms and its own fireplace, with solid mechanicals throughout and a roof replaced in 2019. The upper unit kitchen has been emptied of cabinets and appliances, a true blank slate for your design or rental strategy, while the lower unit kitchen is intact and functional. The extra tall basement allows for future expansion potential and more finished square footage. The oversized lot is great for all your landscape dreams. With rehab to bring the property up to rental licensing standards, this is a rare value-add duplex opportunity in the Ericsson neighborhood of South Minneapolis. Buyer gets to build equity!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $500,000
    Price per sq ft: $212
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 3
    County: Hennepin
    Year Built: 1926
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55406
    Neighborhood/Area: 25
    Subdivision Name: Fort Ave Add

    Interior

    Bedrooms: 4
    Bathrooms: 3
    Finished Area: 2,359 ft2
    Living Area: 2,359 ft2
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 3
    Garage Dimensions: 19 x 22
    Garage Size: 418 ft2
    Foundation Size: 1,196 ft2
    Foundation Dimensions: 45 x 25
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features: Detached Garage

    Lake & Waterfront

    Waterfront Present: N
    Waterfront: Lake View

    Lot & Land

    Acres: 0.14
    Geolocation: 44.919201, -93.2318
    Lot Dimensions: 48 x 126
    Zoning: Residential-Multi-Family

    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

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $11,303
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $11,303

    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

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