671 Spring Street NE,Minneapolis, MN 55413
Minneapolis, MN 55413
Description
Rare opportunity to own a cash-flowing Northeast duplex with reduced taxes (only $1,111.50!) and built-in rent growth. Ideal for both owner-occupants and investors, with a flexible layout featuring a 1-bedroom upper unit with a non-conforming 2nd bedroom in the attic and 1-bedroom main-level unit. Current rents provide solid cash flow with built-in annual increases, while the City of Minneapolis 4D program delivers meaningful tax savings for the next two years. Owner-occupants can offset their mortgage by renting one unit, while investors benefit from stable, predictable income in a high-demand Northeast location. Opportunity to increase value over time as 4D program restrictions expire. Property includes a 1-car garage and is well positioned steps from the best of Northeast. Walking distance to coffee shops (Dogwood Coffee, Spyhouse Coffee Roasters), breweries (Bauhaus Brew Labs, Earl Giles, Indeed Brewing Company, Sociable Cider Works), restaurants (Centro, Chimborazo, Sample Room, Stanley's Northeast Bar Room), and more. Walk to Logan Park and Beltrami Park, with easy access to Boom Island’s riverfront trails.
Details
| MLS # | 7094390 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 63 |
| Listing Provided By | Compass | Eda Rivers |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 1,531 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.05 |
Interior
| Heating | Forced Air |
|---|
Exterior
| Roof | Age 8 Years or Less, Asphalt |
|---|
Parking
| Parking Features | Attached Garage |
|---|
Taxes
| Property | 1111 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55413 |
| Area | 71 |
| Community Name | Sibley Add To St Anth |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Sibley Add To St Anth) | |
Price: $360,000 low | high Med: $417,500 sqft: 1,531 low | high Med: 2,171 $ / sqft: $235 low | high Med: $192 On site: 63 low | high Med: 119.5 | |
Market Activity 55413
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55413 |
| Area | 71 |
| Community Name | Sibley Add To St Anth |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Sibley Add To St Anth) | |
Price: $360,000 low | high Med: $417,500 sqft: 1,531 low | high Med: 2,171 $ / sqft: $235 low | high Med: $192 On site: 63 low | high Med: 119.5 | |
