For Sale: Minneapolis MLS# 6659040
Active Contingent
$515,000
Multi-family: Duplex Up and Down
Built 1903
2,832 sqft • 0.13 acres
Minneapolis schools
MLS# 6659040
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Property Description
Prime Lyn-Lake investment opportunity in this charming duplex. Main
level features 2 bedrooms and 1 bathroom, while the second floor
offers a spacious 3-bedroom, 1-bathroom unit. Located near the
vibrant dining, shopping, and entertainment of Uptown's Lyn & Lake
district. Character abounds with exquisite original woodwork
throughout - from coffered ceilings and gleaming hardwood floors to
handcrafted built-in buffet and classic bookcases.
Perfect for owner-occupants seeking rental income while living in one
of Minneapolis' most desirable neighborhoods. Both units boast
excellent natural light, and the property includes a 2-car garage - a
true premium in this urban location. Enjoy morning coffee at nearby
Spyhouse, evening cocktails at Lynhall, or weekend brunches at
Heyday. Quick access to Lake Harriet, the Chain of Lakes, and
downtown Minneapolis. This rare opportunity combines historic
charm, income potential, and an unbeatable location. Schedule your
private showing today.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$515,000
Price per sq ft:
$182
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1903
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55408
Neighborhood/Area:
Lyndale
Subdivision Name:
Motor Line Add
Interior
Finished Area:
2,832 ft2
Living Area:
2,832 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
400 ft2
Foundation Size:
1,487 ft2
Fencing:
Chain Link, Full, Wood
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
- Concrete
- Detached
Shared Amenities:
Common Garden
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Exterior Material:
Stucco
Roof Details:
Asphalt
Lot & Land
Acres:
0.13
Geolocation:
44.945521, -93.285211
Lot Dimensions:
45 x 129
Zoning:
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$600
Annual Fuel Expense:
$850
Annual Insurance Expense:
$2,400
Annual Maintenance Expense:
$3,000
Annual Gross Expense:
$7,750
Annual Trash Expense:
$450
Annual Water/Sewer Expense:
$450
Tenant Expenses:
Cable TV, Electricity, Fuel, Snow Removal
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$8,716
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$8,716
Income
Annual Gross Income:
$40,000
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Water System:
City Water - In Street
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
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credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
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| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Redfin Corporation.
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.