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$550,000
Est. payment /mo
8 Beds
4 Baths
3,220 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex Side by Side
Listing Status Active
Purchase Type For Sale
Square Footage 3,220 sqft
Price per Sqft $170
Subdivision Elwells 2Nd Add
MLS Listing ID 6722031
Bedrooms 8
Year Built 1979
Annual Tax Amount $8,806
Tax Year 2025
Contingent None
Lot Size 9,147 Sqft
Acres 9147.6
Lot Dimensions 70x132
Property Sub-Type Duplex Side by Side
Property Description
Rare Cash-Flow Opportunity with 3.375% Assumable Financing option! This updated side-by-side duplex in SE Minneapolis has been refreshed and is ready for your portfolio. Both units feature renovated kitchens, updated finishes, and fresh paint throughout.
Unit 1040: Currently leased through August, 2026 at $1,900/mo.
Unit 1042: Vacant and move-in ready (prior rent $2,400/mo).
Upside exists for an owner-occupant looking to house-hack or an investor seeking stable, high-yield returns near the U of M.
Showings: 1042 (vacant) available for first showings; 1040 (occupied) available for second showings.
Updates: Asphalt roof replaced (2023), flat roof replaced (2024), new decking (2024), 1040 side new furnace (2025), 1040 side new water heater (2025), 1042 side new furnace (2021), 1042 side new water heater (2021), 1040 side new washer/dryer (2024).
Unit 1040: Currently leased through August, 2026 at $1,900/mo.
Unit 1042: Vacant and move-in ready (prior rent $2,400/mo).
Upside exists for an owner-occupant looking to house-hack or an investor seeking stable, high-yield returns near the U of M.
Showings: 1042 (vacant) available for first showings; 1040 (occupied) available for second showings.
Updates: Asphalt roof replaced (2023), flat roof replaced (2024), new decking (2024), 1040 side new furnace (2025), 1040 side new water heater (2025), 1042 side new furnace (2021), 1042 side new water heater (2021), 1040 side new washer/dryer (2024).
Location
State MN
County Hennepin
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Driveway - Other Surface
Garage Spaces 1.0
Roof Type Asphalt
Building
Lot Description Tree Coverage - Medium
Story Two
Foundation 1556
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Minneapolis
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Listed by Joshua Pettersen • Pemberton RE
Nearby Locations
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