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671 Spring Street NE, Minneapolis, MN 55413
$360,000
671 Spring Street NE
Courtesy of Compass, Eda Rivers Listing Contact:  

671 Spring Street NE

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.
  • 2 BEDS
  • For Sale
  • 1900 BUILT
  • 2,242 Sq.Ft. LOT
  • 1,531 Sq.Ft.

Features & Amenities

Area & Lot

  • Status:For Sale
  • LIVING SPACE:1,531 Sq.Ft.
  • TOTAL AREA:2,215 Sq.Ft.
  • LOT SIZE:2,242 Sq.Ft.
  • MLS® ID:7094390
  • Type: Multi-Family
  • Year Built:1900
  • Neighborhood:DOWNTOWN MPLS
  • School District:Minneapolis

Interior

  • Total Bedrooms:2
  • Total Bathrooms:2
  • Laundry Room:In Basement, Laundry Room

Exterior

  • Stories: 2
  • Garage Space: 1.0
  • Water Source: City Water/Connected
  • POOL:None
  • ROOF:Age 8 Years or Less, Asphalt
  • Parking:Attached Garage
  • Heat Type:Forced Air
  • Sewer:City Sewer/Connected
  • Disability Features:None

Financial

  • SALES PRICE $360,000
  • REAL ESTATE TAXES $1,112/yr
  • Maintenance Fee $2,500/mo

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