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For Sale:  Minneapolis MLS# 7001084

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Active
$279,900
/mo Edit
Multi-family:  2 Stories
3 br • 2 ba • Built 1900
1,432 sqft • 0.13 acres
MLS# 7001084
763-576-8286
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    Property Description

    Steps from Matt's Bar and Grill, you will have a hard time not stopping for a burger! Add an instant-income generator to your portfolio with this turnkey Powderhorn duplex. Ideally positioned—this property is a vacancy-proof asset. The units have been strategically renovated to maximize rent potential, featuring durable hardwood flooring, modern bathroom fixtures, and fresh interior paint throughout. Crucially, the mechanical systems have been updated, possibly minimizing future maintenance issues. Tenants will love the lifestyle amenities, including a massive private parking pad, proximity to the bike trails, and the diverse food scene at the Global Market. With easy access to major transit lines and minutes to Downtown, this location sells itself. Vacant and easy to show—quick close available so you can start cash-flowing immediately.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $279,900
    Price per sq ft: $195
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: 2 Stories
    Zip Code: 55407
    Neighborhood/Area: 64
    Subdivision Name: Monroe Bros Add

    Interior

    Bedrooms: 3
    Bathrooms: 2
    Finished Area: 1,432 ft2
    Living Area: 1,432 ft2
    Refrigerators: Two
    Basement Details: Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 650 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Driveway - Other Surface
    • Open
    • Other
    Road Frontage:
    • Curbs
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Exterior Material: Frame
    Roof Details: Pitched

    Lot & Land

    Acres: 0.13
    Geolocation: 44.939805, -93.247766
    Lot Dimensions: 123' x 46' x 123' x 46'
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Schools

    School District: 558
    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: 2025
    Annual Taxes: $3,168
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $6,211

    Income

    Annual Gross Income: None
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

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