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$849,900  (list price)
$840,000
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Multi-family:  Duplex Up and Down
Built 1920
4,438 sqft0.15 acres
Minneapolis schools
MLS# 5663643
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    Property Description

    A premier duplex property in the high-demand Lowry Hill neighborhood, 3 blocks from Lake of the Isles & 1 block from Kenwood Park. Great opportunity for either an owner occupant or investor.  This wonderful location brings very strong rents!  Separate entrances, mechanicals, and utilities for gas & electric. The main floor unit features a spacious LR w/ fireplace, sunroom, DR w/ built-in buffet, 2 BR's & updated BA w/tile flooring.  A beautifully updated kitchen w/ custom cherry cabinets, granite countertops & newer SS appliances completes the main floor unit. The upper level unit includes 3 BR's and 2 BA's between the 2nd and 3rd floor.  Features include LR w/ fireplace, sunroom, DR w/ built-in buffet, back porch & updated BA's w/ tile flooring. The eat-in kitchen has also been updated w/ white custom cabinetry, Carrara marble counters/backsplash & newer SS appliances. The 3rd BR encompasses the entire 3rd floor & features a spacious owner's closet & en suite BA. 2 car garage!

    Listing

    Contingency: None
    Price per sq ft: $192
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55403
    Neighborhood/Area: Lowry Hill

    Interior

    Living Area: 4,438 ft2
    Above Ground Living: 4,438 ft2
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details:
    • Full
    • Shared Access
    • Storage Space

    Exterior

    Garage Spaces: 2
    Heating System: Forced Air
    Foundation Size: 1,840 ft2
    Fencing: Wood
    Handicap Accessible: None
    Shared Amenities:
    • Common Garden
    • Patio
    • Porch
    Road Frontage:
    • City Street
    • Curbs
    • Sidewalks
    Exterior Material:
    • Brick/Stone
    • Stucco
    • Wood Siding
    Roof Details: Asphalt
    Upper Level Size Sq Ft
    Unit 2 Bedroom 2  14 x 12  168 
    Unit 2 Dining Room  15 x 11  165 
    Unit 2 Extra Room 1  17 x 9  153 
    Unit 2 Extra Room 2  11 x 6  66 
    Unit 2 Kitchen  14 x 12  168 
    Unit 2 Living Room  24 x 13  312 
    Level Size Sq Ft
    Unit 1 Family Room  —  — 
    Third Level Size Sq Ft
    Unit 2 Bedroom 1  15 x 13  195 
    Unit 2 Bedroom 3  13 x 11  143 
    Level Size Sq Ft
    Unit 2 Family Room  —  — 
    Main Level Size Sq Ft
    Unit 1 Bedroom 1  13 x 11  143 
    Unit 1 Bedroom 2  14 x 12  168 
    Unit 1 Dining Room  15 x 10  150 
    Unit 1 Extra Room 1  9 x 17  153 
    Unit 1 Extra Room 2  6 x 8  48 
    Unit 1 Kitchen  14 x 22  308 
    Unit 1 Living Room  22 x 12  264 

    Lot

    Acres: 0.15
    Geolocation: 44.96656900, -93.30160900
    Lot Dimensions: 50 x 135
    Dev/Complex Name: Lakeview Add
    Zoning: Residential-Multi-Family
    Lot Description: Corner Lot

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $3,203
    Annual Maintenance Expense: $3,050
    Annual Gross Expense: $8,000
    Annual Trash Expense: $1,750
    Annual Water/Sewer Expense: None
    Tenant Expenses: Electricity, Fuel, Snow Removal, Grounds Care, Cable TV

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $14,385
    Assessment Pending: Unknown
    Taxes w/ Assessments: $14,385

    Income

    Annual Gross Income: $71,310

    Unit

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.