For Sale: Minneapolis MLS# 6462973
Active
$549,990
Multi-family: Duplex Up and Down
Built 1915
3,600 sqft•0.13 acres
Minneapolis schools
MLS# 6462973
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Property Description
Recently Remodeled Up/Down duplex in amazing area. Upper unit occupied with potential house hack available today! Walkable to eat street and many other wonderful parts of town. Super spacious units with newer kitchens, bathrooms, carpet, trim, windows, exterior paint. Stable tenants, always rented. plenty of off-street parking. 3200 square feet finished! First-floor rents for $2, 100/mo with 4 beds & 2 baths. Upper unit rents for $1, 800.mo with 3 beds & 1 bath with wonderful tenants currently in place-- you can see their pride of renter-ship from the photos. Shared laundry in basement. Units have very tall ceilings (even in basement). Sellers willing to make a win-win situation and prefer a fast closing. Separate utilities make this a very easy house hack or income generating rental. Expenses are conservative estimates of sinking funds and other savings accounts for repairs and maintenance. Expenses are not that high for this unit.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$549,990
Price per sq ft:
$153
Property Type:
Multi-family
City:
Minneapolis
County:
Hennepin
Year Built:
1915
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55408
Neighborhood/Area:
Lyndale
Subdivision Name:
Shartles Add
Interior
Finished Area:
3,600 ft2
Living Area:
3,600 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Egress Window(s)
- Finished
- Full
- Storage Space
- Storage/Locker
Exterior
Stories:
Two
Foundation Size:
1,200 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Concrete
Shared Amenities:
- Common Laundry
- Porch
- Security Lighting
Road Frontage:
City Street
Exterior Material:
- Stucco
- Wood Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.13
Geolocation:
44.93893, -93.276262
Lot Dimensions:
42 x 155
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Medium
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
$2,500
Annual Gross Expense:
$12,500
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$8,533
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$8,804
Income
Annual Gross Income:
$48,000
Units
Total Units:
2
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of LaBelle Real Estate Group Inc.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.