Property Description

INVESTMENT OPPORTUNITY IN EAST HILLSIDE! This 7-bedroom, 2-bathroom single-family home offers a strong rental history and excellent proximity to both UMD and CSS, located just 1.5 miles from each campus. Originally built as a single-family home, the property was previously converted to a duplex and later converted back to a single-family home. The property remains plumbed for a duplex and features two electrical service panels, offering flexibility for a future owner. The current lease runs through May 2027, providing immediate rental income, and the property has maintained a zero-vacancy history since 1991. Recent improvements include new stove, two refrigerators, dishwasher, new washer and dryer, dehumidifier, and a walkout basement. Capital improvements include a new sewer line and insulation. The property also features four off-street parking spaces, ample street parking, and a bus stop just one block away. An active City of Duluth rental license is in place through7/1/2028, with the last inspection completed 8/15/2025. Current rent is $3,785/month with tenants paying utilities. 2026 property taxes are $3,294 and insurance is approximately $1,441 annually.