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For Sale:  Minneapolis MLS# 7125838

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Active
$379,900
/mo Edit
Multi-family:  Duplex Up and Down
2 br • 2 ba • Built 1916
1,420 sqft • 0.23 acres
Minneapolis schools
MLS# 7125838
763-576-8286
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    Property Description

    Rare opportunity to own a two-unit up/down duplex on a spacious double city lot in Minneapolis’ Diamond Lake neighborhood. Each unit features one bedroom, one full bathroom, kitchen, and living room, along with original maple floors and beautiful original woodwork. The shared basement includes free laundry, utility space, and a large, separately locked storage room for each unit. The detached two-car garage is divided into separate sides. Enjoy a fully fenced yard, covered front porch, and off-street parking. Located just blocks from Diamond Lake and an easy bike or jog to Veteran’s Park, Lake Nokomis, and Minnehaha Parkway. Walk to Dairy Queen, Know Name Records, Cub Foods, Goodwill, and nearby bus stops. The owners have historically lived in one unit while renting the other, and the property has also been used for short-term rental. A great opportunity for an owner-occupant or investor. Property is being sold in its current nonconforming two-unit configuration.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $379,900
    Price per sq ft: $268
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1916
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55419
    Neighborhood/Area: 17
    Subdivision Name: Diamond Lake Highlands 2nd Div

    Interior

    Bedrooms: 2
    Bathrooms: 2
    Finished Area: 1,420 ft2
    Living Area: 1,420 ft2
    Refrigerators: Two
    Basement Details:
    • Shared Access
    • Storage Space
    • Storage/Locker

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 484 ft2
    Foundation Size: 1,420 ft2
    Fencing: Chain Link, Full, Privacy, Wood
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Ductless Mini-Split
    • Forced Air
    Parking Features:
    • Concrete
    • Detached Garage
    • Garage Door Opener
    • Guest Parking
    Shared Amenities:
    • Laundry
    • Porch
    Road Frontage:
    • City Street
    • Sidewalks
    • Street Lights
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Rooms

    Laundry:
    • Common Area
    • In Basement
    • Laundry Room
    • Sink

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.23
    Geolocation: 44.891698, -93.270764
    Lot Dimensions: 76 x 132
    Zoning: Residential-Multi-Family
    Lot Description:
    • Irregular Lot
    • Tree Coverage - Medium

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,990
    Annual Maintenance Expense: $500
    Annual Trash Expense: $1,230
    Annual Water/Sewer Expense: $1,230
    Tenant Expenses: Electricity, Fuel, Heat, Telephone

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $7,633
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,633

    Income

    Annual Gross Income: $30,600

    Rent

    Annual Net Income: $16,004

    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

    Mortgage Calculator

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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!

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    Listing provided by RMLS, courtesy of Winkelman Realty Group, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.