Property Listing
Description
Rare opportunity to own a cash-flowing Northeast duplex with reduced taxes (only $1,111.50!) and built-in rent growth. Ideal for both owner-occupants and investors, with a flexible layout featuring a 1-bedroom upper unit with a non-conforming 2nd bedroom in the attic and 1-bedroom main-level unit. Current rents provide solid cash flow with built-in annual increases, while the City of Minneapolis 4D program delivers meaningful tax savings for the next two years. Owner-occupants can offset their mortgage by renting one unit, while investors benefit from stable, predictable income in a high-demand Northeast location. Opportunity to increase value over time as 4D program restrictions expire. Property includes a 1-car garage and is well positioned steps from the best of Northeast. Walking distance to coffee shops (Dogwood Coffee, Spyhouse Coffee Roasters), breweries (Bauhaus Brew Labs, Earl Giles, Indeed Brewing Company, Sociable Cider Works), restaurants (Centro, Chimborazo, Sample Room, Stanley's Northeast Bar Room), and more. Walk to Logan Park and Beltrami Park, with easy access to Boom Island’s riverfront trails.
Property Information
Status: Active
Sub Type: ********
List Price: $360,000
MLS#: 7094390
Current Price: $360,000
Address: 671 Spring Street NE, Minneapolis, MN 55413
City: Minneapolis
State: MN
Postal Code: 55413
Geo Lat: 44.995332
Geo Lon: -93.254265
Subdivision: Sibley Add To St Anth
County: Hennepin
Property Description
Year Built: 1900
Lot Size SqFt: 2242
Gen Tax: 1111.5
Specials Inst: 0
High School: Minneapolis
Square Ft. Source:
Above Grade Finished Area: 1531
Below Grade Finished Area: 0
Below Grade Unfinished Area:
Total SqFt.: 2215
Style: Array
Total Bedrooms: 2
Total Bathrooms: 2
Total Full Baths:
Garage Type:
Garage Stalls: 1
Waterfront:
Property Features
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Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
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