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$199,900
Est. payment /mo
5 Beds
2 Baths
1,886 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 1,886 sqft
Price per Sqft $105
Subdivision Forest Heights
MLS Listing ID 7108987
Bedrooms 5
Year Built 1900
Annual Tax Amount $4,304
Tax Year 2025
Contingent None
Lot Size 6,969 Sqft
Lot Dimensions 128x42x141x63
Property Sub-Type Duplex Up and Down
Property Description
Excellent investment opportunity in the Jordan neighborhood of North Minneapolis! This well-maintained duplex offers strong income potential with flexibility for both investors and owner-occupants. The upper unit features 3 bedrooms and 1 bathroom, has been freshly turned with fresh paint and updates, and is move-in ready for a new tenant or owner-occupant. Previously rented for $1,795/month, it offers immediate income potential with no waiting for turnover.
The main level unit is currently leased on a month-to-month basis at $1,375/month, providing immediate cash flow while offering future flexibility with a 60-day notice period. With one unit ready for occupancy and the other producing income, this property is well suited for an owner-occupant looking to offset their mortgage or an investor seeking a straightforward addition to their portfolio.
Enjoy a convenient location near North Commons Park, Theodore Wirth Park, the Mississippi River, West Broadway's restaurants and neighborhood businesses, Downtown Minneapolis, and the University of Minnesota. Easy access to I-94 and Highway 55 makes commuting throughout the Twin Cities simple.
Whether you're expanding your investment portfolio or looking for an owner-occupied opportunity, this duplex offers immediate cash flow, future flexibility, and a turnkey upper unit ready for its next occupant.
The main level unit is currently leased on a month-to-month basis at $1,375/month, providing immediate cash flow while offering future flexibility with a 60-day notice period. With one unit ready for occupancy and the other producing income, this property is well suited for an owner-occupant looking to offset their mortgage or an investor seeking a straightforward addition to their portfolio.
Enjoy a convenient location near North Commons Park, Theodore Wirth Park, the Mississippi River, West Broadway's restaurants and neighborhood businesses, Downtown Minneapolis, and the University of Minnesota. Easy access to I-94 and Highway 55 makes commuting throughout the Twin Cities simple.
Whether you're expanding your investment portfolio or looking for an owner-occupied opportunity, this duplex offers immediate cash flow, future flexibility, and a turnkey upper unit ready for its next occupant.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace No
Building
Story More Than 2 Stories
Foundation 943
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories More Than 2 Stories
New Construction false
Schools
School District Minneapolis
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Listed by Grigoriy Gorshteyn • Algo Realty Inc
NEARBY SCHOOLS & PROPERTIES
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