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Jamie Albertsen

jamie@pedersonrealty.com +1(507) 581-7094

$490,000

Est. payment - /mo

4 Beds

2 Baths

2,530 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Active

Purchase Type For Sale

Square Footage 2,530 sqft

Price per Sqft $193

Subdivision Prospect Park 1St Div Rev

MLS Listing ID 7091972

Bedrooms 4

Year Built 1908

Annual Tax Amount $6,869

Tax Year 2025

Contingent None

Lot Size 5,227 Sqft

Lot Dimensions 51x124

Property Sub-Type Duplex Up and Down

Property Description

Rare opportunity to own a classic up/down duplex in the heart of Minneapolis' highly sought-after Prospect Park neighborhood. Whether you're looking to offset your mortgage with rental income or add a strong-performing asset to your investment portfolio, this property offers outstanding flexibility and long-term potential. Filled with timeless character, both units feature impressive 9-foot ceilings, original hardwood flooring, beautiful wood built-ins, detailed millwork, and abundant natural light. The upper unit boasts a remodeled kitchen with stainless steel appliances, while additional spaces including a charming sunroom/porch, private balcony, unfinished third-floor attic, and expansive basement provide exceptional storage. Major mechanical updates include a boiler (2018), two water heaters (2020), and exterior painted (2026). A half-circle paver driveway accessible from the alley offers convenient off-street parking in addition to ample street parking. Located in one of Minneapolis' most desirable urban neighborhoods, this property is just blocks from the University of Minnesota, Green Line light rail, bus routes, parks, restaurants, coffee shops, and local retail. Easy access to I-35W and I-94 makes commuting throughout the Twin Cities a breeze. With strong rental demand, historic charm, and an unbeatable location, this Prospect Park duplex presents an exceptional opportunity for both investors and owner-occupants alike.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Full, Unfinished

Interior

Heating Boiler, Radiant

Fireplace No

Laundry Lower Level, Laundry Room

Exterior

Parking Features Driveway - Other Surface

Roof Type Age Over 8 Years

Building

Lot Description Tree Coverage - Medium

Story More Than 2 Stories

Foundation 1162

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories More Than 2 Stories

Structure Type Frame,Stone

New Construction false

Schools

School District Minneapolis

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Listed by Gabriel Anderson • Roseville Realty

Nearby School & Business

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Jamie Albertsen

+1(507) 581-7094

129 Arthur AVE SE Minneapolis, MN 55414

Jamie Albertsen

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

Get More Information

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