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For Sale:  Minneapolis MLS# 6809955

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Active
$375,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1900
1,440 sqft • 0.05 acres
Minneapolis schools
MLS# 6809955
651-261-4611
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    Property Description

    Turnkey duplex with Airbnb license in an ideal Cedar-Riverside location. Stylishly updated and well maintained, this up/down duplex offers versatility for investors or owner-occupants seeking proven income performance. Each unit features one bedroom and a full bath, with the upper unit adding a lofted bonus space. What truly sets this property apart is its updated, design-forward interiors and its prime location near the University of Minnesota and U of M Medical Center—a combination that keeps it consistently booked throughout the year on short-term rental platforms. This is a proven income-producing property, ready for a new owner with the time and experience to further optimize short-term rental performance and elevate returns. Detailed financials and operating history are available upon request. Conveniently situated in Cedar-Riverside, just blocks from the riverfront, Fairview, and downtown Minneapolis—this duplex offers both strong income potential and lasting appeal in a high-demand rental corridor

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $375,000
    Price per sq ft: $260
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55454
    Neighborhood/Area: Cedar Riverside
    Subdivision Name: Rusts Sub Murphys Add

    Interior

    Finished Area: 1,440 ft2
    Living Area: 1,440 ft2
    Basement Details: Partial

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 720 ft2
    Handicap Accessible: None
    Heating System:
    • Forced Air
    • Hot Water
    Parking Features: Parking Lot
    Exterior Material: Stucco

    Lot & Land

    Acres: 0.05
    Geolocation: 44.96639, -93.233305
    Lot Dimensions: 30 x 75

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,235
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,235

    Income

    Annual Gross Income: $46,323

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