For Sale: Minneapolis MLS# 7074750
Active
NEW!
$389,900
Multi-family: Duplex Side by Side
3 br • 3 ba • Built 1922
1,834 sqft • 0.14 acres
Minneapolis schools
MLS# 7074750
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Property Description
Completely transformed from top to bottom, this stunning legal up/down duplex feels like brand-new construction and offers an incredible opportunity for both owner-occupants and investors. Thoughtfully redesigned with quality craftsmanship throughout, this turnkey property features a spacious 1-bedroom, 1 full bath main-level unit and a beautifully finished upper-level 2-bedroom, 1 full bath unit. The fully finished basement adds even more functional living space with a brand-new bathroom already completed and excellent potential to simply add a kitchen for a possible 3rd-unit or triplex-style income opportunity.
Every part of this property has been extensively renovated with modern finishes and stylish updates throughout. Both units feature all new kitchens with brand-new cabinets, beautiful new countertops, and new appliances. All bathrooms, including the basement bath, have been completely remodeled with fresh modern finishes designed for comfort and style. Most windows and doors throughout the property are brand new, helping create a bright, clean, and updated feel throughout the home.
Major mechanical upgrades include completely new plumbing with new water lines and pipes throughout, all new electrical wiring and systems throughout, and two completely separate brand-new heating and cooling systems featuring 2 new furnaces, 2 new central AC units, and all new ductwork. The property also includes separate gas meters, separate electrical meters, and separate water heaters for each unit, creating ideal flexibility for future rental income and utility separation. Additional improvements include a brand-new roof, fresh exterior paint, updated interiors, and extensive renovations throughout the entire property.
Home is currently vacant with no existing rental income or expense history, offering a clean slate for owner-occupants or investors to establish market rents and maximize income potential. Perfect for buyers looking to live in one unit while renting the other to help offset the mortgage and build long-term wealth, or for investors seeking a rare fully remodeled income-producing property with future upside and flexibility. A true must-see to fully appreciate the incredible transformation, functionality, and value this property offers.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$389,900
Price per sq ft:
$213
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1922
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55412
Neighborhood/Area:
81
Subdivision Name:
Harveys Add
Interior
Bedrooms:
3
Bathrooms:
3
Finished Area:
1,834 ft2
Living Area:
1,834 ft2
Basement Details:
- Daylight/Lookout Windows
- Finished
- Full
- Other
- Walkout
Exterior
Stories:
Two
Garage Spaces:
1
Garage Dimensions:
18x20
Garage Size:
360 ft2
Garage Door Height:
7
Garage Door Width:
9
Foundation Size:
667 ft2
Foundation Dimensions:
23x29
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Concrete
- Detached Garage
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.14
Geolocation:
45.03359, -93.301141
Lot Dimensions:
150 x 150
Schools
School District:
1
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:
$3,217
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$9,073
Income
Annual Gross Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
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 Allchoice Properties 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.