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$374,900  (list price)
/mo   Edit
MLS# 5245372
2345 Quincy Street NE
Minneapolis, MN 55418
Multi-family    Duplex Up and Down
Built 1900
2,084 fin sqft    0.1 acres
Minneapolis schools
Info: 763-576-8286
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    Description:   Multiple Offers Received, Highest and Best by 2pm on Tuesday(6/25). Completely updated duplex as of 2009. New Furnaces, New Electrical, New Kitchens(Stone Counter Tops), New Windows, Central AC for both Units! Tenants pay electric and gas(split utilities). Turnkey with an opportunity to change one unit into a three bedroom unit, by adding a wall and door in entry way. Corner lot with fenced in yard, perfect for anyone with dogs. Lots of storage downstairs with 7 ft ceilings. Projected rent of 1500 and 1900 after adding bedroom.
    List Price: $374,900
    Sold Price: $375,000
    Sold Date: 07/22/2019
    Price/sq ft: $180
    Property Type: Multi-family
    Listing Status: Sold
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1900
    Neighborhood/Area: Holland
    City: Minneapolis
    Zip Code: 55418


    Fin Sq Ft / Living Area: 2,084 ft²
    Above Ground Living: 2,084 ft²
    Below Ground Living: 0 ft²
    Basement Details: Unfinished


    Heating System: Forced Air
    Foundation Size: 1,042 ft²
    Handicap Accessible: None
    Exterior Material: Wood
    Garage Spaces: 1
    Roof Details: Asphalt Shingles


    Acres: 0.1
    Construction Status: Previously Owned
    Latitude: 45.01201000
    Longitude: -93.25058700
    Lot Size Dim.: 56x55
    Dev/Complex Name: East Side Add


    School District: 1 - Minneapolis
    District Phone: 612-668-0000


    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,100
    Annual Maintenance Expense: $500
    Annual Repair Expense: $1,700
    Annual Gross Expense: $6,100
    Total Annual Expenses: $6,100
    Annual Trash Expense: $600
    Annual Water/Sewer Expense: $1,200
    Owner Expenses: Water/Sewer, Insurance, Taxes, Maintenance/Repair, Snow, Trash
    Tenant Expenses: Fuel, Electric

    Financial & Taxes

    Tax Year: 2018
    Annual Taxes: $4,832
    Assessment Pending: No
    Taxes w/ Assessments: $4,832


    Annual Gross Income: 30600.00


    Unit 1 Monthly Rent: $1,200
    Unit 2 Monthly Rent: $1,350


    Total Units: 2


    Fuel System: Natural Gas
    Homestead: No
    Owner Occupied: N
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Jeff Zajac
    Area Sales Manager
    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.

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