For Sale: Minneapolis MLS# 6740684
Active
$365,000
Multi-family: Duplex Up and Down
Built 1926
1,313 sqft • 0.12 acres
Minneapolis schools
MLS# 6740684
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Property Description
Turnkey up/down duplex in a prime Minneapolis rental area — fully vacant and ready for your next tenants or a perfect house-hack! Projected $3, 800+/month rental income, with additional potential for $1, 000–$1, 200/month through mid-term or furnished rentals.
Both units feature tasteful updates including modern kitchens, fresh interior and exterior paint, new flooring, and laundry hookups. No basement units — bright, livable spaces throughout.
Two detached garages with three stalls — ideal for added rental income or owner use. Separate utilities. Licensed rental property with major updates completed in 2023.
High-demand location with strong rental comps and an 8.0 GRM. Owners relocating out of state — their move is your opportunity.
Easy to show — both units are vacant and move-in ready.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$365,000
Price per sq ft:
$278
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1926
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55412
Neighborhood/Area:
Cleveland
Subdivision Name:
Branham & Greenleafs Add
Interior
Finished Area:
1,313 ft2
Living Area:
1,313 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
Block
Exterior
Stories:
One and One Half
Garage Spaces:
3
Foundation Size:
802 ft2
Fencing:
Chain Link, Partial
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
Parking Features:
- Concrete
- Detached
- More Parking Offsite for Fee
- More Parking Onsite for Fee
Road Frontage:
City Street
Exterior Material:
- Shake Siding
- Vinyl Siding
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.12
Geolocation:
45.01462, -93.316801
Lot Dimensions:
40 x 127
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,200
Annual Fuel Expense:
$1,240
Annual Insurance Expense:
$2,165
Annual Maintenance Expense:
$1,575
Annual Gross Expense:
$13,438
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,279
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,363
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,363
Income
Annual Gross Income:
$45,600
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Keller Williams Premier Realty Lake Minnetonka.
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.