For Sale: Minneapolis MLS# 7155261
Active
NEW!
$435,000
Multi-family: Duplex Up and Down
5 br • 2 ba • Built 1908
2,638 sqft • 0.12 acres
Minneapolis schools
MLS# 7155261
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Property Description
Hurry! Assumable FHA loan with a 3.25% interest rate, subject to buyer qualification and lender approval! This charming, up/down duplex in South Minneapolis's Powderhorn Park neighborhood offers an excellent opportunity for an owner-occupant, investor, or a combination of both. Beautiful, refinished hardwood floors and stained-glass windows showcase the property's charm and character, complemented by freshly painted kitchen cabinets on the main floor. Updates include newer Marvin windows, a newer roof, new basement glass block windows, fresh air intakes, and an added sound barrier between units. Separate utilities, two storage rooms, and shared basement laundry offer everyday convenience. Enjoy a fenced backyard, two-car detached garage, and convenient access to Powderhorn Park and Lake, the recreation center, and the dining and shopping options at Midtown Global Market.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$435,000
Price per sq ft:
$165
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1908
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55407
Neighborhood/Area:
64
Subdivision Name:
Powder Horn Park Add
Interior
Bedrooms:
5
Bathrooms:
2
Finished Area:
2,638 ft2
Living Area:
2,638 ft2
Refrigerators:
Two
Basement Details:
Full
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
23x20
Garage Size:
460 ft2
Garage Door Height:
6
Garage Door Width:
16
Foundation Size:
1,009 ft2
Fencing:
Chain Link, Full, Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Hot Water
Parking Features:
- Concrete
- Detached Garage
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Frame
Roof Details:
- Age 8 Years or Less
- Asphalt
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.12
Geolocation:
44.945949, -93.250335
Lot Dimensions:
42 x 122
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
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:
$1,000
Annual Trash Expense:
$185
Annual Water/Sewer Expense:
$1,650
Tenant Expenses:
Cable TV, Electricity, Fuel
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,031
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,274
Income
Annual Gross Income:
$41,400
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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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 LaBelle Real Estate Group Inc.
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.