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671 Spring Street NE, Minneapolis, MN 55413

New Listing

$360,000

Property Type: Multi-Family Bedrooms: 2 Baths: 2 Square Footage: 2,215 Lot Size (sq. ft.): 2,242 Status: Coming Soon

Current Price: $360,000 List Date: 6/18/2026 Last Modified: 6/18/2026

Overview

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, ... (Read more)

Listing Details MLS# 7094390

General Property Information

Lot Measurement: Square Feet
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 700
Above Ground SqFt: 1531
Below Grd Total SqFt: 684
Total SqFt: 2215
Foundation Size: 684
Lot Size SqFt: 2242
Style: (MF) Duplex Up and Down
Total Finished Sqft: 1531.00
Power Company: Xcel Energy
Garage Stalls: Yes
Lot Dimensions: 28x80
Assessment Pending: No
# Carport Spaces: 0

Property Features

Accessible: None Basement: Unfinished Construction Status: Previously Owned Exterior: Stucco Foundation: Poured Concrete Fuel: Natural Gas Heating: Forced Air Laundry: In Basement; Laundry Room Owner Pays: Insurance; Repairs; Sewer; Taxes; Trash Collection; Water Pool Description: None Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Cable TV; Electricity; Grounds Care; Heat; Hot Water; Lawn; Parking Fee; Snow Removal Unit 1 Amenities: Hardwood Floors; Main Floor Primary Bedroom; Patio Unit 1 Appliances: Cooktop; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Eat In Kitchen Unit 2 Amenities: Deck; Hardwood Floors Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Eat In Kitchen Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 360000
ListPrice: 360000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 671
Street Name: Spring
Street Suffix: Street
Street Direction Suffix: NE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55413
Complex/Dev/Subdivision: Sibley Add To St Anth

Assessments

Tax With Assessments: 1111.5
Assessment Balance: 0
Assessment Installment: 0

Building Information

Finished SqFt Above Ground: 1531

More Information

Income and Expenses

Annual Gross Expenses: 9060
Annual Gross Income: 33816
Annual Insurance Expense: 2023
Annual Maintenance Expense: 2500
Annual Net Income: 24756
Annual Repair Expense: 2500
Annual Trash Expense: 1018.5
Annual Water/Sewer Expense: 1018.5
Total Annual Expenses: 9060
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 240

Public Survey Info

Range#: 24
Section#: 14
Township#: 29

Unit 1

Furnished?: No
Lease Expiration Date: 2026-07-31
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 15960
Finished SqFt: 700
Full Baths: Yes
Monthly Rent: 1330
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 3

Unit 2

Furnished?: No
Lease Expiration Date: 2026-07-31
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 16776
Finished SqFt: 800
Full Baths: Yes
Monthly Rent: 1398
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: BLOCK 023 SIBLEY ADDN TO ST ANTH W 28 FT OF LOTS 14 AND 15
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 2829
Property ID Number: 1402924420072
Tax Year: 2026
Tax Amount: 1111.5
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: Central to Spring St, west to 671

Accessible

None: Yes

Basement

Unfinished: Yes

Construction Status

Previously Owned: Yes

Exterior

Stucco: Yes

Foundation

Poured Concrete: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

In Basement: Yes
Laundry Room: Yes

Owner Pays

Insurance: Yes
Repairs: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Patio, Porch and Deck Features

Deck: Yes
Patio: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Broadband: Yes
Cable TV: Yes
Electricity: Yes
Grounds Care: Yes
Heat: Yes
Hot Water: Yes
Lawn: Yes
Parking Fee: Yes
Snow Removal: Yes

Unit 1 Amenities

Hardwood Floors: Yes
Main Floor Primary Bedroom: Yes
Patio: Yes

Unit 1 Appliances

Cooktop: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Window: Yes

Unit 1 Dining Room Description

Eat In Kitchen: Yes

Unit 2 Amenities

Deck: Yes
Hardwood Floors: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Upper Level Full Bath: Yes

Unit 2 Cooling

Window: Yes

Unit 2 Dining Room Description

Eat In Kitchen: Yes

Listing Office: Compass

Last Updated: June - 18 - 2026

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