$357,000
Minneapolis, MN 55408
MLS# 7138169
3 beds | 2 baths | 1948 sqft
1 / 28
Property Description
Excellent investment opportunity or ideal owner-occupied duplex in a convenient location. Live in the main-level unit while generating $1,600 per month from the long-term tenant in the upper unit. Ask about $15,000 grant program with no mortgage insurance for qualified buyers. This classic up-and-down duplex offers strong rental history, positive cash flow and numerous improvements, including a two-year-old roof, updated electrical and plumbing, a newer furnace and central air with updated ductwork in 2nd floor unit, front and rear porches and an asphalt driveway completed in 2019–2020. Each unit features private in-unit laundry, while the fenced yard, four off-street parking spaces and room to add a garage provide additional value and flexibility.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: None
Current Price: $357,000
Original List Price: 363000
ListPrice: 357000
List Date: 2026-09-04
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Waterfront YN: No
Year Built: 1885
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 36x124
Acres: 0.1
Main Floor Total SqFt: 940
Below Grd Total SqFt: 300
Above Ground SqFt: 1648
Total SqFt: 1948
Total Finished Sqft: 1648.00
Foundation Size: 940
Style: (MF) Duplex Up and Down
Garage Stalls: 0
Power Company: Xcel Energy
Assessment Pending: No
Bedrooms: 3
Baths Total: 2
Location, Tax and Other Information
Legal Description: BLOCK 002 RICHARDSONS ADDN TO MPLS E 36 FT OF W 72 FT OF LOTS 5 6 AND 7
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 3763
Property ID Number: 0302824210120
Tax Year: 2026
Tax Amount: 4488
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Excellent investment opportunity or ideal owner-occupied duplex in a convenient location. Live in the main-level unit while generating $1,600 per month from the long-term tenant in the upper unit. Ask about $15,000 grant program with no mortgage insurance for qualified buyers. This classic up-and-down duplex offers strong rental history, positive cash flow and numerous improvements, including a two-year-old roof, updated electrical and plumbing, a newer furnace and central air with updated ductwork in 2nd floor unit, front and rear porches and an asphalt driveway completed in 2019–2020. Each unit features private in-unit laundry, while the fenced yard, four off-street parking spaces and room to add a garage provide additional value and flexibility.
Directions: Lyndale Ave. East on 31st South 1 blk right on 32nd 1/2 blk
Accessible
None: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 4488
Assumable Loan
Not Assumable: 1
Basement
Partial: 1
Unfinished: 1
Building Information
Finished SqFt Above Ground: 1648
Construction Status
Previously Owned: 1
Electric
Circuit Breakers: 1
Existing Financing
Conventional: 1
Exterior
Shakes: 1
Other: 1
Fencing
Chain Link: 1
Foundation
Stone: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Internet Options
Cable: 1
Laundry
In Unit: 1
Main Level: 1
Upper Level: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Combo: 1
Miscellaneous Information
DP Resource: Yes
Homestead: Yes
Ownership
Fractional Ownership: No
Patio, Porch and Deck Features
Front Porch: 1
Pool Description
None: 1
Public Survey Info
Range#: 24
Section#: 03
Township#: 28
Rental License Type
Standard: 1
Road Frontage
City Street: 1
Road Responsibility
Public Maintained Road: 1
Sellers Terms
Cash: 1
Conventional: 1
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Unit 1
Furnished?: No
Leased?: No
Unit Number: 1
Full Baths: 1
Total Rooms: 6
Finished SqFt: 940
No. of Units Like This: 1
Oth Parking Spaces: 2
Total Baths: 1
Total Bedrooms: 2
Unit Details
Total Units: 2
Water
City Water/Connected: 1
Income and Expenses
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0
No. of Ranges
Two: 1
No. of Refrigerators
Two: 1
Tenant Pays
All Utilities: 1
Electricity: 1
Fuel: 1
Gas: 1
Heat: 1
Hot Water: 1
Unit 1 Amenities
Hardwood Floors: 1
Main Floor Primary Bedroom: 1
Natural Woodwork: 1
Paneled Doors: 1
Porch: 1
Security System: 1
Washer/Dryer Hookup: 1
Unit 1 Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Exhaust Fan/Hood: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 1 Bath Description
Jetted Tub: 1
Upper Level Full Bath: 1
Unit 1 Cooling
Window: 1
Unit 1 Dining Room Description
Separate/Formal Dining Rm: 1
Unit 2
Furnished?: No
Lease Expiration Date: 2027-06-20
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 19200
Finished SqFt: 708
Full Baths: 1
Monthly Rent: 1600
No. of Units Like This: 1
Oth Parking Spaces: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 5
Unit 2 Appliances
Dishwasher: 1
Dryer: 1
Exhaust Fan/Hood: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 2 Bath Description
Upper Level Full Bath: 1
Unit 2 Cooling
Central: 1
Unit 2 Dining Room Description
Separate/Formal Dining Rm: 1
Unit 2 Special Search
2nd Floor Laundry: 1
Location Tax and Other Information
House Number: 122
Street Direction Prefix: W
Street Name: 32nd
Street Suffix: Street
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: Richardsons Add
Property Features
Accessible: None
Assumable Loan: Not Assumable
Basement: Partial; Unfinished
Construction Status: Previously Owned
Electric: Circuit Breakers
Existing Financing: Conventional
Exterior: Shakes; Other
Fencing: Chain Link
Foundation: Stone
Fuel: Natural Gas
Heating: Forced Air
Internet Options: Cable
Laundry: In Unit; Main Level; Upper Level
Lock Box Type: Combo
Pool Description: None
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: All Utilities; Electricity; Fuel; Gas; Heat; Hot Water
Unit 1 Amenities: Hardwood Floors; Main Floor Primary Bedroom; Natural Woodwork; Paneled Doors; Porch; Security System; Washer/Dryer Hookup
Unit 1 Appliances: Dishwasher; Disposal; Dryer; Exhaust Fan/Hood; Microwave; Range; Refrigerator; Washer
Unit 1 Bath Description: Jetted Tub; Upper Level Full Bath
Unit 1 Cooling: Window
Unit 1 Dining Room Description: Separate/Formal Dining Rm
Unit 2 Appliances: Dishwasher; Dryer; Exhaust Fan/Hood; Range; Refrigerator; Washer
Unit 2 Bath Description: Upper Level Full Bath
Unit 2 Cooling: Central
Unit 2 Dining Room Description: Separate/Formal Dining Rm
Unit 2 Special Search: 2nd Floor Laundry
Water: City Water/Connected
Listing Office: RE/MAX Results
Last Updated: September - 15 - 2026
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