Fully rented duplex near the University of Minnesota with strong rental history and consistent demand. This 3-story property offers 6 bedrooms, 2 bathrooms, and over 2,450 finished square feet, with spacious layouts and nice updates. Monthly rental income is $3,860. ($46,320 annual rental income) Potential for tri-plex conversion with high ceilings in the basement (buyer to verify), offering an opportunity to increase rental income and overall property value. Detached 3-car garage adds value for tenants and provides additional income potential. Prime location close to campus, restaurants, and major highways, making this a solid investment opportunity with long-term upside in a high-demand rental area.
| MLS # | 7056792 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 112 |
| Listing Provided By | Real Listings | Cory Pflipsen |
| Bed(s) | 7 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 2,301 |
| Garage | 3 |
| Basement | Y |
| Units | 2 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.13 |
| Heating | Boiler |
|---|
| Lot Features | Public Transit (w/in 6 blks), Tree Coverage - Medium |
|---|
| Parking Features | Detached Garage |
|---|
| Property | 7503 |
|---|
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55414 |
| Area | 14 |
| Community Name | Ways Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Ways Add) | |
Price: $437,000 low | high Med: $276,000 sqft: 2,301 low | high Med: 1,913 $ / sqft: $190 low | high Med: $133 On site: 112 low | high Med: 57 | |
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55414 |
| Area | 14 |
| Community Name | Ways Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Ways Add) | |
Price: $437,000 low | high Med: $276,000 sqft: 2,301 low | high Med: 1,913 $ / sqft: $190 low | high Med: $133 On site: 112 low | high Med: 57 | |