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For Sale:  Minneapolis MLS# 6818220

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Active NEW!
$245,900
/mo Edit
Single Family:  1.5 Stories
4 br • 1 ba • Built 1904
1,308 sqft • 0.12 acres
Minneapolis schools
MLS# 6818220
612-702-0103
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    Property Description

    Turnkey, fully updated investment property with a strong and stable tenant currently in year two of a 2-year lease running through September 1, 2026. The tenants have successfully completed the first year with consistent payment history, offering built-in reliability and reduced vacancy risk. This 4-bedroom home has undergone major capital improvements throughout, including ALL NEW plumbing, a new HVAC system installed by a licensed contractor, new window A/C units, new appliances, and a professionally completed, city-approved foundation repair. With these updates already taken care of, ongoing maintenance costs remain low for the next owner. The main level features separate living, dining, and family room areas, along with a flexible den/office. The clean semi-finished basement includes epoxy-coated floors and freshly painted walls, creating bright usable space with potential for future finishing. Situated on a deep 41×125 lot, the property offers a spacious yard and a full 2-car garage—features that support long-term tenant satisfaction and retention. Current lease generates $2, 325/month, with tenants responsible for electricity, heat, and internet, while the owner pays only trash and water. Strong cash flow combined with extensive updates makes this a solid, low-maintenance addition to any investment portfolio. Tenant-occupied; lease transfers to new owner. Showings require coordination.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $245,900
    Price per sq ft: $188
    Property Type: Single Family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1904
    State: MN
    Property Style: 1.5 Stories
    Zip Code: 55418
    Neighborhood/Area: Marshall Terrace
    Subdivision Name: Murdoughs Add

    Interior

    Bedrooms: 4
    Bathrooms: 1
    Finished Area: 1,308 ft2
    Total Fireplaces: 0
    Living Area: 1,308 ft2
    Common Wall: No
    Appliances Included:
    • Dishwasher
    • Dryer
    • Microwave
    • Range
    • Refrigerator
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: One and One Half
    Garage Spaces: 2
    Garage Size: 576 ft2
    Other Parking Spaces: 2
    Air Conditioning: Window Unit(s)
    Foundation Size: 836 ft2
    Fencing: Chain Link
    Handicap Accessible: None
    Heating System:
    • Forced Air
    • Gravity
    Parking Features:
    • Concrete
    • Detached
    • Garage Door Opener
    • More Parking Onsite for Fee
    Unit Amenities:
    • Ceiling Fan(s)
    • Kitchen Window
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Exterior Material: Wood Siding
    Pool: None
    Roof Details:
    • Asphalt
    • Pitched

    Rooms

    1/4 Baths: None
    Full Baths: 1
    Half Baths: None
    3/4 Baths: None
    Bathroom Details: Upper Level Full Bath
    Dining/Kitchen: Separate/Formal Dining Room
    Main Level Size Sq Ft
    Living Room  13 x 12  156 
    Dining Room  12 x 10  120 
    Family Room  14 x 10  140 
    Kitchen  12 x 10  120 
    Den  10 x 8  80 

    Lot & Land

    Acres: 0.12
    Geolocation: 45.013882, -93.269268
    Lot Dimensions: 41 x 1256
    Zoning: Residential-Single Family
    Lot Description:
    • Corner Lot
    • Many Trees

    Schools

    School District: 1
    District Phone: 612-668-0000

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $2,766
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: None
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Savvy Avenue, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.