671 Spring Street NE, Minneapolis, MN 55413
- $360,000
- 2
- BD
- 2
- BA
- 1,531
- SqFt
- List Price
- $360,000
- MLS#
- 7094390
- Status
- ACTIVE
- Type
- Multifamily
- Style
- (MF) Duplex Up and Down
- Bedrooms
- 2
- Bathrooms
- 2
- Living Area
- 1,531
- Acres
- 2242
- Subdivision
- Sibley Add To St Anth
- Neighborhood
- 71
- Year Built
- 1900
Property 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.
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Additional Information
- School District
- Minneapolis
- Tax Year
- 2026
- Fuel
- Natural Gas
- Sewer
- City Sewer/Connected
- Roof
- Age 8 Years or Less, Asphalt
- Heating
- Forced Air
- Water
- City Water/Connected
- Basement
- Unfinished
- Parking
- Attached Garage
- Garage Spaces
- 1
Mortgage Calculator
Listing courtesy of Compass.
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