For Sale: Minneapolis MLS# 6791869
Active
NEW!
$529,900
Multi-family: Duplex Side by Side
Built 1959
3,090 sqft • 0.19 acres
Minneapolis schools
MLS# 6791869
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Property Description
Great Owner occupied opportunity with 5535 currently on a month to month lease. 5537 is currently rented with a 1 year lease that began July 2025. Lease payment for each unit is $1800/month. 3 Bedrooms in each side with 1 full and 1 1/4 Bathrooms with large lower level Family Room walking out to Back Yard. Separate Garage stall for each unit. Washer and Dryer, Range or Cooktop plus Refrigerator included with each unit. Maintenance free exterior. 24 hour notice required for all showings.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$529,900
Price per sq ft:
$171
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1959
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55419
Neighborhood/Area:
Armatage
Subdivision Name:
Pennhurst 2nd Add
Interior
Finished Area:
3,090 ft2
Living Area:
3,090 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Egress Window(s)
- Finished
- Walkout
Exterior
Stories:
One
Garage Spaces:
2
Foundation Size:
1,840 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Detached
Road Frontage:
- City Street
- Curbs
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
- Age Over 8 Years
- Asphalt
- Pitched
Lot & Land
Acres:
0.19
Geolocation:
44.90207, -93.308279
Lot Dimensions:
65 X 126
Zoning:
Residential-Multi-Family
Lot Description:
Some Trees
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
$3,000
Annual Electric Expense:
$120
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,151
Annual Maintenance Expense:
None
Annual Gross Expense:
$16,937
Annual Trash Expense:
$1,154
Annual Water/Sewer Expense:
$1,713
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,797
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$8,797
Income
Annual Gross Income:
$43,200
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 Sterling Realty and Management.
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.