For Sale: Minneapolis MLS# 7138053
Active
NEW!
$449,000
Multi-family: Duplex Up and Down
4 br • 3 ba • Built 1925
2,626 sqft • 0.15 acres
Minneapolis schools
MLS# 7138053
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Property Description
Charming Minneapolis Duplex – Turn-Key Investment or House-Hack Opportunity
Live on-site or add a solid investment property to your portfolio — this versatile 2-unit duplex is move-in ready for its next owner! Recent updates include a new roof, siding, gutters, and a furnace with a new heat exchanger, giving you real peace of mind from day one.
The spacious main-floor unit offers abundant living space, including a large kitchen, 3 bedrooms, 2 bathrooms, in-unit laundry, and a finished, livable lower level. The egress-equipped lower level adds flexibility for a family room, additional bedroom, home office, or hobby space, plus generous storage throughout.
The second-floor unit features 1 bedroom, 1 bathroom, a private exterior entrance, and a huge walk-in closet/storage area — a comfortable, private layout tenants will love.
Outside, the 2.5-car garage includes a fantastic shop space with 220-amp service, an app-controlled garage door opener, and additional off-street parking in the driveway.
Tucked into a quiet, tree-lined neighborhood just 5 minutes from Minnehaha Falls, the location offers easy access to parks, recreation, and everything the surrounding area has to offer. Whether you're looking to owner-occupy, house-hack, or expand your rental portfolio, this duplex delivers flexibility and long-term potential.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$449,000
Price per sq ft:
$171
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2.5
County:
Hennepin
Year Built:
1925
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55406
Neighborhood/Area:
32
Subdivision Name:
Minnehaha Terrace
Interior
Bedrooms:
4
Bathrooms:
3
Finished Area:
2,626 ft2
Living Area:
2,626 ft2
Refrigerators:
Two
Basement Details:
- Block
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
One and One Half
Garage Spaces:
2.5
Garage Dimensions:
21.5x26
Garage Size:
559 ft2
Garage Door Height:
7
Garage Door Width:
16
Foundation Size:
1,068 ft2
Foundation Dimensions:
24x44.5
Fencing:
None
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Asphalt
- Detached Garage
Road Frontage:
City Street
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
In Kitchen
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.15
Geolocation:
44.925971, -93.217024
Lot Dimensions:
174 x 40 x 159 x 42
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
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$7,464
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,464
Income
Annual Gross Income:
None
Misc. Annual Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
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 Coldwell Banker Realty.
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.