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Minnesota Real Estate Q&A Discussion Forum

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Matthew Lindquist
  • Investor
  • Minneapolis, MN
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27
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HELP! Add a Unit to my Duplex?

Matthew Lindquist
  • Investor
  • Minneapolis, MN
Posted Nov 30 2016, 08:09

Hey Everyone!

I have been posting a bit too much but I need some help! I just bought a duplex with an unfinished basement and am thinking about adding a unit in the basement (if zoning permits me to). I cant imagine it would ever make much more than $400 in my neighborhood, but it would dramatically increase the value of the property. I would need to put egress windows in, bathroom, and a basic kitchen. It would be a studio. Otherwise I could rent out the space as storage with no value add. Thoughts? I would love to talk to someone in minneapolis who has done this.

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