$850,000
For Sale

1121 Douglas Avenue

Minneapolis, MN 55403
Listing OfficeColdwell Banker Realty
Browse 21 photos
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

Elegant and well-maintained Lowry Hill duplex. Great outdoor spaces, including patio and balconies. Each unit has an auxiliary apartment with kitchen and bath. Currently, all four spaces are used for short-term rentals and generate over $100,000 in rental income annually. Wonderful location, with easy access to downtown, Uptown, Lake of the Isles, area parks, transit, shopping, entertainment, and dining. A new roof was installed in October 2023. New Furnace
This house offers approximately 5,500 square feet of living space with seven bedrooms and five bathrooms and provides ample space and privacy.
The home features a spacious layout with a focus on functionality. The primary bedroom offers a private retreat, while the additional six bedrooms provide flexibility for a variety of uses. The five bathrooms ensure convenience and comfort for all occupants.
The expansive lot size allows for a range of outdoor activities and exploration. With nearly 333 acres, the property offers the potential for a variety of uses, such as recreational pursuits or agricultural endeavors, subject to applicable zoning and regulations.
The home's design and amenities are intended to accommodate a variety of living needs and preferences. Prospective buyers are encouraged to thoroughly inspect the property and consult with relevant professionals to assess its suitability for their specific requirements.

  • Property Details
      • Basement DescriptionEgress Window(s), Finished, Partial
      • Parking FeaturesAttached Garage, Guest Parking
      • Sewer InformationCity Sewer/Connected
      • Utility SourceCity Water/Connected
      • RoofAge 8 Years or Less
      • Property SubtypeDuplex Up and Down
      • SubdivisionGroveland Add
      • Parcel Number2802924430020
      • Property TypeMulti-Family
      • School DistrictMinneapolis
      • CountyHennepin
      • Taxes Annual$13,026
      • MLS #6634449
      • MLS #6634449
      • HeatingBoiler
      • Parking TypeGarage
      • Cost850000
      • Square Feet5989
      • Year Built1908
      • Days on Market (Cumulative)379
      • Parking Spaces1
      • Basement1
      • Basement Finished1

Location

Jayce Johnson | RE/MAX Realty 1Real Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00