Deal Alert – U of M Duplex

UofMN_logoI added a new duplex to my “Five All-Time Favorite Duplexes” list yesterday. It probably also ranks as one of the nicest foreclosures I’ve ever seen.

The duplex is located in the sought-after Prospect Park neighborhood in Minneapolis, meaning it’s just blocks from the river walking trails and the University of Minnesota.

Built in the 1920s, it has two rare 3 bedroom units and all the character you’d expect from the era like built-ins, fireplaces (3), arched doorways and even an original Murphy Bed.

However, the previous owner added all the important upgrades like updated kitchens, a studio apartment in the basement, screened porches off the dining rooms, air conditioning and even an observation deck on the roof.

Still more rare is that it actually has a fenced yard big enough for a swing set or dog too big to ride in a purse.

The only problem with the place is it’s not my listing.

At $369,900,  it’s probably priced too high for an investor and feels much more like a duplex suitable for an owner-occupant. Nonetheless, it’s a terrific opportunity for somebody, because it’s truly special.

Call me if you’d like to see it. But hurry. I can’t imagine it will be on the market long.