For Sale: Minneapolis MLS# 6820284
Active
NEW!
$395,000
Multi-family: Duplex Other
Built 1900
2,394 sqft • 0.14 acres
Minneapolis schools
MLS# 6820284
Ask Mark:
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Completely renovated from the studs up, this exceptional 7-bedroom, 3-bath duplex offers an unparalleled investment opportunity in Minneapolis. Every major system has been replaced, providing long-term stability, low future maintenance, and the kind of reliability investors actively seek.
Both units have been fully modernized with new LVP flooring, new kitchens, new bathrooms, and updated fixtures throughout. Major mechanical upgrades include two brand-new furnaces, two new air conditioning units, all new ductwork, two new 100-amp electrical services, full rewiring, two new electric water heaters, new spray-foam and batt insulation, new water and waste piping, and updated kitchen and bath ventilation. Exterior improvements include new vinyl siding, new soffit and fascia, new windows, and a new roof.
Properties of this size and condition rarely come to market. With seven total bedrooms and a layout ideal for strong rental demand, this duplex offers significant cash-flow potential for both seasoned investors and those entering the market. (Rental Comps & Floor Plans in Supplements) Located minutes from daily conveniences, parks, schools, and dining, this is a turnkey opportunity designed for long-term performance.
Schedule your showing quickly! Opportunities like this do not come often!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$395,000
Price per sq ft:
$165
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Other
Zip Code:
55411
Neighborhood/Area:
Jordan
Subdivision Name:
Forest Heights
Interior
Finished Area:
2,394 ft2
Living Area:
2,394 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,196 ft2
Handicap Accessible:
Other
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Other
Shared Amenities:
Deck
Road Frontage:
- City Street
- Paved Streets
Exterior Material:
- Metal Siding
- Vinyl Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.14
Geolocation:
45.001441, -93.303219
Lot Dimensions:
42 x 122 x 54 x 127
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Some Trees
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:
$11,065
Lender-owned:
Yes
Assessment Pending:
No
Taxes w/ Assessments:
$11,065
Income
Annual Gross Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Keller Williams Realty Integrity Lakes.
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.