For Sale: Minneapolis MLS# 7078021
Active
NEW!
$470,000
Multi-family: Duplex Up and Down
5 br • 2 ba • Built 1928
2,562 sqft • 0.117 acres
Minneapolis schools
MLS# 7078021
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Property Description
A rare opportunity to own a true storybook Tudor duplex in one of Minneapolis’ most beloved
neighborhoods—just steps from Lake Hiawatha and backing directly to acres of city-owned park
green space. Wrapped in timeless stucco and stone architecture, this beautifully maintained
property blends historic charm, unbeatable location, and exceptional investment reliability.
This incredibly dependable income-producing property has not experienced a vacancy in years
and has consistently attracted wonderful long-term renters who appreciate the character, setting,
and community surrounding the home. The main level unit offers 2 bedrooms and 1 bath, while
the second floor unit features 2 bedrooms and 1 bath, plus a flex space in the finished half-story
third level.
Inside, both units are rich with original woodwork, classic Tudor details, and the warmth and
craftsmanship rarely found today. Sunlight pours through the home, highlighting the architectural
charm and creating inviting living spaces full of personality and comfort.
Outside, enjoy beautiful gardens, an exceptional neighborhood community, and direct access to
expansive green space that creates a peaceful, private backdrop rarely available in city living. A
two-car tuck-under garage adds convenience and functionality.
Whether you are looking for a reliable investment property, owner-occupy opportunity, or a long-
term hold in a premier Minneapolis location, this duplex offers the kind of charm, stability, and
setting that rarely comes to market.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$470,000
Price per sq ft:
$183
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1928
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55407
Neighborhood/Area:
73
Subdivision Name:
Cedar Ave Heights 3rd Add
Interior
Bedrooms:
5
Bathrooms:
2
Finished Area:
2,562 ft2
Living Area:
2,562 ft2
Basement Details:
Other
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Size:
307 ft2
Foundation Size:
1,122 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Attached Garage
Lot & Land
Acres:
0.117
Geolocation:
44.932982, -93.243899
Lot Dimensions:
40 x 120
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,400
Annual Maintenance Expense:
$1,300
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$8,603
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,603
Income
Annual Gross Income:
$18,000
Rent
Annual Net Income:
$18,000
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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This amortization schedule shows how much of your monthly payment will go towards the principle and how
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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.