$400,000

Estimated payment $2,680/month

Total Views 3,025
4 Beds
2 Baths
2,431 Sq Ft
$165 Price per Sq Ft

About This Home

Opportunity knocks with this well-maintained duplex located in one of Northeast Minneapolis' most vibrant and walkable neighborhoods—just steps from popular breweries, shops, and restaurants. Each unit offers 2 bedrooms and 1 bathroom with bright, spacious living areas, front sunrooms filled with natural light, and dishwashers in the kitchens for added convenience. Tenants enjoy free shared laundry and additional storage in the basement, while the large lot features a fire pit, and patio area; perfect for outdoor entertaining. A detached 2-car garage is a huge bonus for those snowy winters. With strong rental history and minimal vacancy thanks to its desirable location and smart layout, this is an ideal investment for both house hackers and portfolio builders as both units are currently vacant. As a bonus, there's value add potential as the expansive walk-up attic provides a unique opportunity—finish it out to create an additional unit or expand the upstairs living space with more bedrooms or a primary suite. Don’t miss your chance to own a high-demand rental property in a thriving Northeast Minneapolis neighborhood!

Listing Agent

Chris Bjorling

Rize Realty Listed on: 06/08/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,598

Year Built

  • Built in 1905

Lot Details

  • Lot Dimensions are 127x47x30x133

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,431 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

  • 2 Units
  • Northtown Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0302924440002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,598

Year Built

Built in 1905

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water - In Street
  • Year Built: 1905
  • Above Grade Finished Sq Ft: 2431
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • FoundationDimensions: 55x20
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block
  • Living Area: 2431
  • Basement YN: Yes
  • Appliances: Dishwasher,Range
  • Total Rooms: 7

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Neighborhood: Marshall Terrace

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 400
  • Garage Door Height: 7

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: City Sewer - In Street
  • Fuel: Electric,Natural Gas

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 127x47x30x133
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 0302924440002
  • Tax Annual Amount: 5598
  • TaxWithAssessments: 6226.0000

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $5,681 $387,000 $105,000 $282,000
2022 $4,441 $352,000 $96,000 $256,000
2021 $5,350 $327,500 $58,000 $269,500
2020 $4,826 $327,500 $29,400 $298,100
2019 $4,501 $273,000 $19,600 $253,400
2018 $4,099 $248,000 $19,600 $228,400
2017 $3,777 $201,500 $17,800 $183,700
2016 $3,529 $182,500 $17,800 $164,700
2015 $3,084 $152,000 $17,800 $134,200
2014 -- $132,000 $21,100 $110,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 Price Changed $400,000 -5.9% $165 / Sq Ft
06/18/2025 06/18/25 Price Changed $424,900 -1.0% $175 / Sq Ft
06/13/2025 06/13/25 Price Changed $429,000 -4.5% $176 / Sq Ft
06/12/2025 06/12/25 For Sale $449,000 -- $185 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $360,000 West Title Llc
Warranty Deed $250,000 West Title Llc
Warranty Deed $260,000 West Title Llc
Deed $360,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $340,500 New Conventional
Closed $15,000 New Conventional
Previous Owner $280,000 Commercial
Previous Owner $165,000 New Conventional
Previous Owner $181,600 New Conventional
Closed $348,817 No Value Available
Source: Public Records

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Source: NorthstarMLS

MLS Number: 6735130

NorthstarMLS

APN: 03-029-24-44-0002