For Sale: Minneapolis MLS# 7150103
Active
NEW!
$379,000
Multi-family: Duplex Up and Down
5 br • 2 ba • Built 1916
5,060 sqft • 0.12 acres
Minneapolis schools
MLS# 7150103
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Property Description
Welcome to 822 Penn Ave N, Minneapolis. A solid 1916 up/down duplex offering two large, separately metered units, with the upper unit already generating income. The upper unit is a standout: 4 bedrooms, 2 full baths, two living rooms, a dedicated office, in-unit laundry, and two decks, one screened for three-season use. It is currently tenant-occupied at $1, 868/month but should rent for $2250 in the current market. The lower unit is currently vacant but previously received $2500/mo. It features 3 bedrooms, 1 bath, and a three-season porch. Tenants pay their own gas and electric, and two off-street parking spots add everyday convenience. Quick access to Highway 55 puts downtown, North Loop and Golden Valley within easy reach, with Theodore Wirth Park's trails nearby. Move into the lower unit and let the upper help cover the mortgage, or add a ready-to-go two-unit to your portfolio.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$379,000
Price per sq ft:
$75
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1916
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55411
Neighborhood/Area:
57
Subdivision Name:
Oak Park Add
Interior
Bedrooms:
5
Bathrooms:
2
Finished Area:
5,060 ft2
Living Area:
5,060 ft2
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
2,530 ft2
Foundation Dimensions:
0
Handicap Accessible:
None
Heating System:
Forced Air
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.12
Geolocation:
44.986801, -93.3079
Lot Dimensions:
0
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,866
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,370
Income
Annual Gross Income:
$22,416
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Side by Side Realty LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.