For Sale: Minneapolis MLS# 7155184
Active
NEW!
$389,900
Multi-family: Duplex Up and Down
6 br • 2 ba • Built 1900
2,308 sqft • 0.09 acres
Minneapolis schools
MLS# 7155184
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Property Description
Located in the heart of Northeast Minneapolis, this spacious duplex offers a strong opportunity for both owner-occupants and investors. Set in one of the city’s most desirable areas for multifamily living, the property benefits from consistent rental demand and a location that continues to attract tenants looking for convenience, character, and easy access to everything NE Minneapolis has to offer.
The neighborhood is packed with local favorites, including Hazel’s Northeast, Farina Rossa, Momo Cafe, Yellowbird Coffee Bar, Dogwood Coffee, Falling Knife Brewing Company, and Broken Clock Brewing Cooperative. The Northeast Arts District, local shops, galleries, breweries, restaurants, and coffee spots all contribute to the area’s vibrant neighborhood feel, while downtown Minneapolis is just minutes away.
For investors, the location supports attractive rental potential and long-term appreciation. For an owner-occupant, the duplex format offers the opportunity to live in one unit while generating income from the other.
Whether you are looking to add to an existing portfolio, enter the multifamily market, or offset your housing costs with rental income, 2313 Polk Street NE offers flexibility, location, and investment potential in one of Minneapolis’ most active and sought-after neighborhoods.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$389,900
Price per sq ft:
$169
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55418
Neighborhood/Area:
87
Subdivision Name:
Hoyts Add To St Anthony
Interior
Bedrooms:
6
Bathrooms:
2
Finished Area:
2,308 ft2
Living Area:
2,308 ft2
Basement Details:
Partial
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,154 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.09
Geolocation:
45.011296, -93.245247
Lot Dimensions:
45 x 90
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,200
Annual Maintenance Expense:
$2,160
Annual Trash Expense:
$750
Annual Water/Sewer Expense:
$750
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,074
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,074
Income
Annual Gross Income:
$40,800
Rent
Annual Net Income:
$27,665
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
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 Real Broker, 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.