For Sale: Minneapolis MLS# 7127005
Active
NEW!
$360,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1927
2,950 sqft • 0.131 acres
Minneapolis schools
MLS# 7127005
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Property Description
An incredible opportunity to own a classic South Minneapolis up-down duplex in one of the city's most iconic neighborhoods! Perfectly situated just behind the legendary Matt's Bar & Grill—home of the original Juicy Lucy—and only a few blocks from Powderhorn Park, this property offers the ideal combination of historic charm, unbeatable location, and outstanding investment potential.
Inside, both units showcase the timeless character buyers love, featuring beautiful original woodwork, elegant crown moulding, and separate private entrances for added privacy and convenience. Whether you're looking to owner-occupy or expand your investment portfolio, this duplex offers flexibility and enduring appeal.
Outside, improvements include a new roof, a fully fenced backyard, and a three-car detached garage—a rare and valuable feature in the city.
The true hidden gem of this property is the exceptional equity-building opportunity to complete the partially finished lower level one-bedroom, one-bath unit (buyer to verify zoning, approvals, and permitting requirements), giving this property THREE rentable units. This property presents an exciting chance to increase income and maximize long-term value.
Surrounded by beloved local restaurants, coffee shops, breweries, parks, and everything that makes South Minneapolis one of the city's most vibrant and sought-after communities, this is more than just a duplex—it's an opportunity to invest in location, character, and future potential.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$360,000
Price per sq ft:
$122
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1927
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55407
Neighborhood/Area:
64
Subdivision Name:
Monroe Bros Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,950 ft2
Living Area:
2,950 ft2
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
3
Garage Size:
600 ft2
Foundation Size:
1,190 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.131
Geolocation:
44.93927, -93.248288
Lot Dimensions:
46 x 124
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,200
Annual Maintenance Expense:
$1,020
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,372
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,372
Income
Annual Gross Income:
$33,180
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 Real Broker, 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.