For Sale: Minneapolis MLS# 6721633
Active
NEW!
$200,000
Multi-family: Duplex Up and Down
Built 1900
2,183 sqft • 0.18 acres
Minneapolis schools
MLS# 6721633
Open House
12p - 1p
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Property Description
Exceptional duplex opportunity in a fast-developing pocket of North Minneapolis, just minutes from
downtown, parks, and major transit. This duplex offers immediate equity potential with a spacious 3 bed 2
bath upper unit and a 2 bed 1 bath lower unit???ideal for house hacking or generating steady passive
income. Key capital improvements already completed include new electrical rough-in, updated plumbing,
brand-new HVAC systems, and two high-efficiency furnaces installed in 2025. The home also features a new roof and low-maintenance vinyl siding installed in 2024. Partial drywall work is complete, and an active
building permit makes it easy to take over and finish out. This income-producing asset sits in a high-demand rental corridor with historically low vacancy rates and rising market rents. Full Rentometer
report available upon request. With strong fundamentals and upgraded mechanicals, this is a smart buy for anyone seeking long-term appreciation, stable cash flow, and a low-maintenance duplex with untapped upside. Finish the project, lease it up, and enjoy immediate returns.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$200,000
Price per sq ft:
$92
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55411
Neighborhood/Area:
Jordan
Subdivision Name:
Highland Park Add
Interior
Finished Area:
2,183 ft2
Living Area:
2,183 ft2
Ranges:
None
Refrigerators:
None
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
1
Garage Dimensions:
15x15
Garage Size:
225 ft2
Foundation Size:
916 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached
- Driveway - Other Surface
- Insulated Garage
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
- Age 8 Years or Less
- Architectural Shingle
Lot & Land
Acres:
0.18
Geolocation:
45.002134, -93.296067
Lot Dimensions:
50 x 157
Zoning:
Residential-Multi-Family
Lot Description:
- Many Trees
- Public Transit (w/in 6 blks)
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:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,718
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,718
Income
Annual Gross Income:
$40,416
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
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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.