$409,900
Minneapolis, MN 55414
MLS# 7120659
6 beds | 2 baths | 2079 sqft
1 / 17
Property Description
Well-maintained, fully occupied duplex in a prime University of Minnesota location offering immediate cash flow and strong long-term investment potential. Both units are leased with a current gross rental income of $3,325 per month ($39,900 annually). The property has a solid operating history, stable tenants, and presents an excellent opportunity for investors seeking a turnkey rental. Future upside exists through cosmetic updates and potential rent growth while benefiting from immediate income from day one. Conveniently located near the University of Minnesota, public transportation, restaurants, and shopping.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: None
Current Price: $409,900
Original List Price: 409900
ListPrice: 409900
List Date: 2026-08-03
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1989
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 42.5x50
Acres: 0.05
Main Floor Total SqFt: 1040
Below Grd Total SqFt: 0
Above Ground SqFt: 2079
Total SqFt: 2079
Total Finished Sqft: 2079.00
Foundation Size: 1039
Style: (MF) Duplex Up and Down
Garage Stalls: 0
Power Company: Xcel Energy
Assessment Pending: Unknown
Bedrooms: 6
Baths Total: 2
Location, Tax and Other Information
Legal Description: LOT 009 BLOCK 001 CLARA E FULLER ADDN
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1419
Property ID Number: 2402924240136
Tax Year: 2026
Tax Amount: 5592
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Well-maintained, fully occupied duplex in a prime University of Minnesota location offering immediate cash flow and strong long-term investment potential. Both units are leased with a current gross rental income of $3,325 per month ($39,900 annually). The property has a solid operating history, stable tenants, and presents an excellent opportunity for investors seeking a turnkey rental. Future upside exists through cosmetic updates and potential rent growth while benefiting from immediate income from day one. Conveniently located near the University of Minnesota, public transportation, restaurants, and shopping.
Directions: 35W north to University, Right on Univ, left on 10th and left on 8th, right on 9th. Home on right.
Accessible
None: 1
Amenities Shared
Coin-op Laundry Owned: 1
Common Laundry Facility: 1
Other: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 0
Assumable Loan
Not Assumable: 1
Basement
Concrete Block: 1
Building Information
Finished SqFt Above Ground: 2079
Construction Status
Previously Owned: 1
Existing Financing
Conventional: 1
Exterior
Vinyl: 1
Foundation
Concrete Perimeter: 1
Fuel
Electric: 1
Heating
Radiant: 1
Laundry
Common Area: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Miscellaneous Information
DP Resource: Yes
Homestead: No
Owner Pays
Insurance: 1
Lawn: 1
Maintenance/Repair: 1
Management: 1
Other: 1
Pest Control: 1
Repairs: 1
Snow Removal: 1
Taxes: 1
Trash Collection: 1
Water: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Paved Lot: 1
Public Survey Info
Range#: 24
Section#: 24
Township#: 29
Road Frontage
City Street: 1
Road Responsibility
Public Maintained Road: 1
Roof
Other: 1
Sellers Terms
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Sewer
City Sewer - In Street: 1
Unit 1
Furnished?: No
Lease Expiration Date: 2027-03-31
Leased?: Yes
Level: Main Level
Unit Number: 1
Monthly Rent: 1600
Full Baths: 1
Total Rooms: 7
Annual Rent: 19200
Finished SqFt: 1039
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Unit Details
Total Units: 2
Water
City Water - In Street: 1
Income and Expenses
Annual Caretaker Expense: 2725
Annual Electric Expense: 625
Annual Fuel Expense: 0
Annual Gross Expenses: 17145
Annual Gross Income: 29790
Annual Insurance Expense: 2760
Annual Maintenance Expense: 2015
Annual Net Income: 12644
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 1110
Total Annual Expenses: 0
No. of Ranges
Two: 1
No. of Refrigerators
Two: 1
Tenant Pays
Broadband: 1
Cable TV: 1
Electricity: 1
Unit 1 Cooling
Wall: 1
Unit 2
Furnished?: No
Lease Expiration Date: 2026-08-31
Leased?: Yes
Unit Number: 2
Annual Rent: 20700
Finished SqFt: 1039
Full Baths: 1
Monthly Rent: 1725
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 7
Location Tax and Other Information
House Number: 808
Street Name: 9th
Street Suffix: Avenue
Street Direction Suffix: SE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Clara E Fuller Add
Property Features
Accessible: None
Amenities Shared: Coin-op Laundry Owned; Common Laundry Facility; Other
Assumable Loan: Not Assumable
Basement: Concrete Block
Construction Status: Previously Owned
Existing Financing: Conventional
Exterior: Vinyl
Foundation: Concrete Perimeter
Fuel: Electric
Heating: Radiant
Laundry: Common Area
Lock Box Type: None
Owner Pays: Insurance; Lawn; Maintenance/Repair; Management; Other; Pest Control; Repairs; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Paved Lot
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Other
Sellers Terms: Cash; Conventional; FHA; VA
Sewer: City Sewer - In Street
Tenant Pays: Broadband; Cable TV; Electricity
Unit 1 Cooling: Wall
Water: City Water - In Street
Listing Office: Coldwell Banker Realty - Southwest Regional
Last Updated: August - 20 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
