For Sale: Minneapolis MLS# 7112559
Active
NEW!
$394,900
Multi-family: Duplex Up and Down
5 br • 2 ba • Built 1900
2,574 sqft • 0.08 acres
Minneapolis schools
MLS# 7112559
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Property Description
Fantastic duplex opportunity in the heart of vibrant Northeast Minneapolis! Perfectly designed for an owner-occupant looking to house-hack or an investor seeking a turnkey, cash-flowing asset. The vacant upper unit offers a massive, flexible layout featuring 3 bedrooms plus a dedicated office, 1 full bath, and a huge top-floor space (32x21) ideal for a primary suite or loft area—ready for immediate move-in or market-rate leasing. The main-level unit is a clean, well-maintained 2-bedroom, 1-bath home with classic living and dining spaces, currently leased through January 31, 2027, to provide solid income from day one. Spanning over 2, 500 finished square feet, this property includes a 1-car detached garage, extra off-street parking, and a full unfinished basement offering abundant storage. Enjoy low-maintenance living just minutes from local coffee shops, craft breweries, the arts district, parks, and fast access to Downtown. A rare NE find with endless possibilities!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$394,900
Price per sq ft:
$153
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55418
Neighborhood/Area:
2
Subdivision Name:
Demings Polk St Rgt
Interior
Bedrooms:
5
Bathrooms:
2
Finished Area:
2,574 ft2
Living Area:
2,574 ft2
Basement Details:
- Other
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
1
Garage Size:
500 ft2
Foundation Size:
980 ft2
Handicap Accessible:
Other
Heating System:
Boiler
Parking Features:
Detached Garage
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.08
Geolocation:
45.014761, -93.245788
Lot Dimensions:
36 x 92
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:
$3,600
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,440
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,554
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,554
Income
Annual Gross Income:
$40,800
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer - In Street
Water System:
- City Water - In Street
- City Water/Connected
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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 RE/MAX Results.
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.