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$357,000

3 Beds 2 Baths 1,648 SQFT 0.10 Acres
Type: Multi-Family

122 W 32nd Street
Minneapolis, MN 55408

MLS#: 7138169
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: RE/MAX Results

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.


 

Interior Features

Bedrooms

Total Bedrooms3

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area1,648 sqft
BasementPartial, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Laundry FeaturesMain Level, In Unit, Upper Level

General

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CountyHennepin
DirectionsLyndale Ave. East on 31st South 1 blk right on 32nd 1/2 blk
ElectricCircuit Breakers
Electric Expense0
Fuel Expense0
Garage Spaces0
Gross Income0
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area1,648 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total2
Operating Expense0
Pool FeaturesNone
PostalCityMinneapolis
Property SubtypeDuplex Up and Down
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameRichardsons Add
Tax Annual Amount$4,488
Tax Year2026
Tenant PaysAll Utilities, Electricity, Fuel, Gas, Heat, Hot Water
Trash Expense0
Water Sewer Expense0
Year Built1885
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total1,948 sqft
FencingChain Link
Foundation Area940 sqft
Lot Dimensions36x124
Lot Size Area0 sqft
Parking FeaturesAsphalt
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$357,000

3 Beds 2 Baths 1,648 SQFT 0.10 Acres
Type: Multi-Family

122 W 32nd Street
Minneapolis, MN 55408

MLS#: 7138169
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800