For Sale: Minneapolis MLS# 7062532
Active
$490,000
Multi-family: Duplex Up and Down
5 br • 2 ba • Built 1915
3,235 sqft • 0.16 acres
Minneapolis schools
MLS# 7062532
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Property Description
Remarkable opportunity to own a well maintained, large, up and down duplex with additional possibilities to expand. Located in the Corcoran neighborhood, this property is ideal for a first-time homebuyer, house hacker, multi-generational living setup, or investor looking to grow their portfolio with a character-filled duplex in a prime Minneapolis location. Live in one unit and offset your mortgage with rental income or maximize cash-flow potential with a fully rented property.
The spacious upper-level unit features 3 bedrooms, updated full bath, large living room, formal dining room, dedicated office, sunroom, balcony, and updated kitchen blending modern convenience with timeless charm. The main-level unit offers 2 bedrooms, updated kitchen and bath, formal dining room, living room, and inviting exterior porch.
Both units showcase beautiful original woodwork, hardwood floors, and abundant natural light throughout. Shared laundry, fenced backyard perfect for hanging out, and a 2-car garage add value and functionality.
Conveniently located near the light rail, parks, restaurants, coffee shops, downtown Minneapolis, and major commuter routes. Rare opportunity to own a versatile income-producing property in one of South Minneapolis’ most connected neighborhoods. Schedule your showing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$490,000
Price per sq ft:
$151
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1915
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55407
Neighborhood/Area:
16
Subdivision Name:
Perkins Add
Interior
Bedrooms:
5
Bathrooms:
2
Finished Area:
3,235 ft2
Living Area:
3,235 ft2
Refrigerators:
Two
Basement Details:
- Daylight/Lookout Windows
- Full
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
21'x16'
Garage Size:
418 ft2
Garage Door Height:
7
Garage Door Width:
8
Foundation Size:
1,166 ft2
Fencing:
Chain Link, Full, Wood
Handicap Accessible:
None
Heating System:
Radiator
Parking Features:
- Detached Garage
- Garage Door Opener
Shared Amenities:
Laundry
Pool:
None
Roof Details:
Age Over 8 Years
Rooms
Laundry:
- Common Area
- In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.16
Geolocation:
44.943075, -93.240128
Lot Dimensions:
41 x 171 x 41 x 171
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,650
Annual Maintenance Expense:
$1,895
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,400
Tenant Expenses:
Broadband, Cable TV, Electricity, Gas, Heat
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$7,646
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,646
Income
Annual Gross Income:
$43,362
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 BrBaGa.
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.