For Sale: Minneapolis MLS# 7141068
Active
NEW!
$280,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1903
1,976 sqft • 0.15 acres
Minneapolis schools
MLS# 7141068
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Property Description
Corner lot, two 2-bedroom units, and the upper one is vacant the day you get the keys.
This 1903 up-down duplex sits on the corner at 28th and Cedar, with parking in back instead of a fight for the curb. The owners spent their money on the boring stuff, which is the stuff that matters: updated electrical, new windows, new attic insulation. Each unit is approximately 988 finished square feet with 2 bedrooms, its own bath, and its own entrance. The lower unit is leased for $1, 200 on a month-to-month lease. The upper unit is open, so you can move in or lease it at market. Your call.
Underneath, another 988 square feet of basement for additional space you could finish, laundry and storage, plus a 20x24 detached two-stall garage, which is not a given on this stretch of Cedar.
You're a block off the Midtown Greenway, a half mile from Midtown Global Market, and a short ride from the Lake Street Blue Line platform.
Live upstairs and let downstairs cover most of the mortgage that is the power of buying this duplex!
Photos were edited with AI to remove tenants personal property which included some furniture. Bedroom floors may not be the same as photos show due to be covered by furniture.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$280,000
Price per sq ft:
$142
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1903
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55407
Neighborhood/Area:
22
Subdivision Name:
Laymans & Colburns Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,976 ft2
Living Area:
1,976 ft2
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
20x24
Garage Size:
480 ft2
Garage Door Height:
6
Garage Door Width:
6
Foundation Size:
988 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Detached Garage
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.15
Geolocation:
44.951773, -93.247785
Lot Dimensions:
52 x 124
Zoning:
Residential-Multi-Family
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
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,068
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,726
Income
Annual Gross Income:
$14,400
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 Aire 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.