For Sale: Minneapolis MLS# 6824572
Active
NEW!
$375,000
Multi-family: Duplex Up and Down
Built 1900
2,575 sqft • 0.11 acres
Minneapolis schools
MLS# 6824572
Ask Mark:
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Great opportunity to own a strong income-earning duplex in Bottineau / NE Arts District! Main floor unit features 2 beds, 1 bath, in-unit laundry, full kitchen & front porch. Second floor unit is updated & offers 2 beds, 1 bath, in-unit laundry & full kitchen. Though legally a duplex, the basement has a finished third 1 bed, 1 bath "unit" that could be owner-occupied or eventually zoned as a triplex (with some TLC) bringing a total of 5 beds 3 baths on the property. Bonus XL 2-car detached garage accessible through back alleyway, perfect for tenant parking or storage. Common areas include a fully fenced yard & concrete/paver patio! $30k in updates/repairs have been completed since purchased in 2022: two new W/D units, stucco repair/repainting, roof repair, shower stall in #2, paint in #1, basement sink faucet, stairwell window, ceiling fan, fixtures, thermostat in #1, paver patio, & electrical upgrade (subpanel for separate/dedicated circuits). Great location just a few blocks from the river, Edgewater, Gluek & Bottineau Field parks, plus all the great food, breweries, & social activities that NE MPLS has to offer!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$375,000
Price per sq ft:
$146
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55418
Neighborhood/Area:
Bottineau
Subdivision Name:
Louis Kampffs Add
Interior
Finished Area:
2,575 ft2
Living Area:
2,575 ft2
Ranges:
Three
Refrigerators:
Three
Basement Details:
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
24x25
Garage Size:
600 ft2
Foundation Size:
852 ft2
Fencing:
Chain Link, Full
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
Parking Features:
- Asphalt
- Detached
Shared Amenities:
Patio
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
Asphalt
Lot & Land
Acres:
0.11
Geolocation:
45.010582, -93.269251
Lot Dimensions:
40 x 119
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$4,000
Annual Fuel Expense:
$2,400
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
None
Annual Gross Expense:
$10,340
Annual Trash Expense:
$360
Annual Water/Sewer Expense:
$1,080
Tenant Expenses:
Cable TV, Electricity, Fuel, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,018
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,018
Income
Annual Gross Income:
$36,000
Misc. Annual Income:
None
Misc. Monthly 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
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 LPT Realty, LLC.
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.