For Sale: Minneapolis MLS# 7014940
Active
NEW!
$559,900
Multi-family: 2 Stories
4 br • 2 ba • Built 1924
2,552 sqft • 0.12 acres
MLS# 7014940
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Property Description
Great investment opportunity or ideal owner-occupied property. This well-maintained up/down duplex sits on a prime corner lot at 50th & Newton and is move-in ready. Rent as-is or add updates to build equity and maximize rental potential. Property priced according to condition and the area can support major upgrades/updates.
The corner location fills both units with abundant natural light and is walkable to parks, the beach, restaurants and shops. Each unit is in great condition and features hardwood floors, two bedrooms, one bath, wood-burning fireplaces, built-in buffets, 1 stall in the garage and charming original details throughout. Cute, clean, and easy to rent - a solid addition to any portfolio. Both units are vacant, easy to tour and a quick closing is preferred.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$559,900
Price per sq ft:
$219
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1924
State:
MN
Property Style:
2 Stories
Zip Code:
55419
Neighborhood/Area:
49
Subdivision Name:
Thornton Park 2nd Div
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,552 ft2
Living Area:
2,552 ft2
Refrigerators:
Two
Basement Details:
- Block
- Full
- Shared Access
- Storage Space
- Storage/Locker
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
18x20
Garage Size:
323 ft2
Garage Door Height:
7
Garage Door Width:
8
Foundation Size:
1,276 ft2
Fencing:
Full, Privacy
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
- Concrete
- Detached Garage
- Garage Door Opener
- More Parking Onsite for Fee
- No Int Access to Dwelling
Shared Amenities:
- Laundry
- Patio
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
Block
Pool:
None
Roof Details:
- Age Over 8 Years
- Asphalt
- Pitched
Rooms
Laundry:
- Common Area
- Gas Dryer Hookup
- In Basement
- Laundry Room
- Lower Level
- Washer Hookup
Lot & Land
Acres:
0.12
Geolocation:
44.91221, -93.30651
Lot Dimensions:
40 x 130
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,243
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,677
Annual Maintenance Expense:
$1,629
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$10,452
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$10,452
Income
Annual Gross Income:
$44,410
Rent
Annual Net Income:
$37,366
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
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.