For Sale: Minneapolis MLS# 7130881
Active
NEW!
$254,900
Single Family: 2 Stories
4 br • 2 ba • Built 1920
1,643 sqft • 0.12 acres
Minneapolis schools
MLS# 7130881
Ask Tim:
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Welcome to this spacious and well-maintained 4-bedroom, 2-bathroom offering the perfect blend of character, functionality, and opportunity. Featuring large living space, four bedrooms on one level, an oversized 2-car garage, fenced backyard, and additional expansion potential in the basement, this home provides plenty of room to live, work and grow. Conveniently located just minutes from Downtown Minneapolis, major highways, parks, shopping, public transit, and neighborhood amenities, you'll enjoy easy access to everything the Twin Cities has to offer.
Whether you're an owner-occupant seeking an affordable path to homeownership or an investor looking for strong rental potential, this property offers exceptional flexibility. The home currently benefits from Minneapolis 4D Affordable Housing Program, resulting in exceptionally low property taxes. Qualifying owner-occupant purchasers may be eligible for release of the affordability covenant through the City of Minneapolis, while investors can continue to benefit from the program's favorable tax treatment. Buyer to verify all program requirements and eligibility.
A rare opportunity to own a large Minneapolis home with strong fundamentals, attractive carrying costs, and multiple paths to long-term value.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$254,900
Price per sq ft:
$155
Property Type:
Single Family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1920
State:
MN
Property Style:
2 Stories
Zip Code:
55412
Neighborhood/Area:
12
Subdivision Name:
Rheems Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,643 ft2
Total Fireplaces:
0
Living Area:
1,643 ft2
Common Wall:
No
Appliances Included:
- Dishwasher
- Dryer
- Exhaust Fan
- Range
- Refrigerator
- Washer
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
400 ft2
Air Conditioning:
Central Air
Foundation Size:
787 ft2
Fencing:
Privacy
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Parking Lot
Rooms
1/4 Baths:
None
Full Baths:
1
Half Baths:
1
3/4 Baths:
None
Bathroom Details:
- 1/2 Basement
- Upper Level Full Bath
| Upper Level | Size | Sq Ft |
|---|---|---|
| Bedroom | — | — |
| Bedroom 4 | — | — |
| Bedroom 2 | — | — |
| Bedroom 3 | — | — |
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.12
Geolocation:
45.014393, -93.308619
Lot Dimensions:
40 x 126
Zoning:
Residential-Single Family
Schools
School District:
1
District Phone:
6126680000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$995
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$1,298
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Fuel System:
Natural Gas
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.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Bridge Realty, 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.