Minneapolis Duplexes for Sale

Would you like your neighbor to make your house payment for you?  Who wouldn’t?  Purchase a Minneapolis duplex, live in one half, rent out the other, and you have made a shrewd investment for future value and cash flow now.  In many cases, you can use the rent money from the other half to wash some of the debt so it will be easier for you to qualify.  Talk to your loan officer for specifics.  Generally speaking, your lender will want to see a signed one year lease.

Browse Minneapolis multiple family residential properties for sale.

If you want to be a landlord, but want to know what’s going on with your property, you couldn’t possibly live closer to your tenant.  Rent out both and you could have a handsome income.  Some of the Minneapolis duplexes in the Southwest neighborhood command up to $2800 per month, with the tenant paying for gas and electric.  A duplex is an affordable option for first time home buyers who want their own place to live and acquire income property at the same time.

The mls inventory holds a sizable and sundry list of Minneapolis duplexes for sale on a price spectrum that ranges from major fixer-uppers in North Minneapolis as low as $12,000.00 to vintage classics in the Lake of the Isles area  going for a cool $900K or so.

Upper-end Minneapolis duplexes include architect designed properties in Linden Hills area near Lake Harriet, and sport large bright living spaces, maple floors, heavy oak trim, and third floor suites with vaulted ceilings.  If your timing is right, you might be able to grab a contemporary style duplex in the Prospect Park area, replete with sauna, balconies, and even an elevator.

Are you on a budget?  Don’t despair.  The great majority of them are priced in the $200K-$300K price range, and many of them are bank-owned or short sale listings.  This may be the best Minneapolis duplex market for buyers that you will ever see!

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Possibly related posts:

1. Southwest Minneapolis Homes for Sale
2. South Minneapolis Duplex for Sale