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For Sale:  Minneapolis MLS# 7087498

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Active NEW!
$395,000
/mo Edit
Multi-family:  Duplex Up and Down
4 br • 2 ba • Built 1900
2,033 sqft • 0.12 acres
Minneapolis schools
MLS# 7087498
612-555-5555
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    Property Description

    Exceptional investment opportunity in the highly desirable Como neighborhood! This charming duplex boasts a strong rental history and a prime location just minutes from the University of Minnesota, major highways, popular restaurants, shopping, parks, and more. Thoughtfully maintained and extensively updated, the property has seen numerous improvements over the past three years, including brand-new vinyl siding and exterior paint (2025), fresh interior paint, new luxury vinyl plank flooring in the main-floor entryway and primary bedroom, updated vinyl flooring in the upper-unit kitchen and bathroom, new carpet in the upper-unit bedroom, a new water heater (2023), new in-unit washers and dryers for both units, updated light fixtures and ceiling fans, refurbished lower-level windows, and additional enhancements throughout. Whether you're looking to offset your mortgage through owner-occupancy or maximize income by renting both units, this property offers outstanding flexibility and strong cash-flow potential. As an added bonus, the upper unit presents an opportunity to add a third bedroom, creating additional rental income and future equity growth. Don't miss this rare chance to own a turnkey investment property in one of Minneapolis's most sought-after rental markets.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $395,000
    Price per sq ft: $194
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55414
    Neighborhood/Area: 14
    Subdivision Name: Elwells Add

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 2,033 ft2
    Living Area: 2,033 ft2
    Refrigerators: Two
    Basement Details:
    • Daylight/Lookout Windows
    • Full
    • Storage Space
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 400 ft2
    Foundation Size: 931 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Forced Air
    • Gravity
    • Hot Water
    • Zoned
    Parking Features:
    • Detached Garage
    • Gravel
    • Guest Parking
    • Shared Driveway
    Shared Amenities: Porch
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Pool: None
    Roof Details: Asphalt

    Rooms

    Laundry:
    • In Unit
    • Main Level
    • Upper Level

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.12
    Geolocation: 44.988855, -93.231656
    Lot Dimensions: 40 x 132
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Medium

    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
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,772
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,772

    Income

    Annual Gross Income: $39,360

    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.
    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 Covenant Partners LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.