Lake Calhoun Minneapolis Duplex for Sale
Buyer’s Agent: Lakes Area Realty
Seller’s Agent: Jason Reed
This was an amazing Minneapolis duplex that we ended up listing and having great success with right in the uptown neighborhood. This is right down the road from Lake St., Irving, Laguna Avenue and the amazing neighborhoods next to Lake Calhoun, Lake of the Isles, and Cedarlake.
These neighborhoods are becoming extremely desirable, and owning a house that has a unit for rent can drastically reduce the cost of living and ownership.
It’s critically important when you are selling or buying in some of these areas to understand not only the market value of the surrounding single-family homes, but understand the rental market and be able to project what kind of rent you should expect and what kind of utility and expenses will eat into your net profit of your duplex.
Duplexes in uptown Minneapolis have become another one of our favorite neighborhoods, alongside Northeast Minneapolis.
Remember, that because of the bombing economic situation of Minneapolis in the job market in Minnesota,There are many millennial’s and others that want to live near the Calhoun isles and Minneapolis. Whether they’re trying to enjoy the miles of trails around these parks, enjoy the amazing food establishments, or simply like the idea of having a short commute in a wonderful community, duplexes near Lake and Irving have been amazing properties to both on and to rent out
Remember, while some of these homes might be more expensive because they’re a duplex or triplex, the overall economic impact to your cash flow is going to be in a total different direction than what a single-family would be. We continue to be amazed at what his secret duplexes and triplexes are for people looking for homes in these areas.
If you’re looking to buy a house in Lindale, Central, Powderhorn Park, Ecco, Bancroft, Calhoun Isles, Linden Hills,tangletown, or any of these desirable neighborhoods consider looking at multi-family options so you can lower your cost of living.
Also published on Medium.