There is SO MUCH POTENTIAL with this 10 bedroom, 3 bathroom property - owner occupants, investors and multi-generational living situations take note! Recently renovated and zoned as a duplex, the first floor is owner-occupied (3 bed/1 bath), the second floor is leased through April (3 bed/1 bath), and the third floor has 4 bedrooms and a shared bathroom used as short-term rentals. The owner has both Tier 1 and Short-term active rental licenses. The second and third floors are connected by a private staircase which would allow for a large 7-bedroom, 2 bath unit across the upper floors. A triplex conversion could be possible with some modifications, please do your research with City of Minneapolis. See 3D Matterport tour and floorplans for layout.
You will find fresh paint and lighting throughout the property, tons of natural light, new or refinished flooring, and new windows on the second and third floors. The first floor windows may also qualify for replacement through a City program. There is private laundry on the first floor (perfect for an owner occupant) and shared laundry in the basement used by tenants. Two electrical panels, boilers, and water heaters are currently split between the first level and the second/third levels. Other features include a newer roof and boilers, a cute little back porch for summer evenings, and a one stall garage. Located a block from Central and Lowry Avenues in the heart of Northeast Minneapolis, enjoy easy access to bus lines, shopping, and so many wonderful restaurants and local art buildings!
Listing courtesy of Marisa Rebecca Lee, Keller Williams Realty Integrity Lakes
