For Sale: Minneapolis MLS# 6647523
Active
$475,000
Multi-family: Duplex Up and Down
Built 1908
2,764 sqft • 0.12 acres
Minneapolis schools
MLS# 6647523
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Property Description
Your next investment property! High quality building in excellent condition with great rents! Grand curb appeal at this four-level up-down duplex with both units rented. 4 bed+den and 3 bed. Upper level unit is two stories, on the second and third levels. Front and rear entries to each unit. Each unit has its own large porch. Large windows fill the building with natural light! Spacious rooms, hardwood floors, built-ins & buffets, stone/granite counters, stainless steel appliances, dishwashers, tiled bathrooms, storm doors, maintenance-free vinyl siding, and more! NEW: roof, gutters, siding, window trim wrap, upgraded foundation posts from wood to be steel and with new footings, some appliances, and other regular maintenance and improvements! Unfinished basement has great ceiling height, and is common space with laundry and storage. Tons of off-street parking. Separate boilers. Gas and Electric are metered separately per unit, paid by tenants. Active rental license. Professionally managed. TISH completed with no required repairs. Rents are $1, 800 and $1, 695 per month. Quiet street, and in a demand and convenient location!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$475,000
Price per sq ft:
$172
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1908
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55405
Neighborhood/Area:
Whittier
Subdivision Name:
Badger & Penneys Add
Interior
Finished Area:
2,764 ft2
Living Area:
2,764 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Full
- Storage Space
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,040 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Hot Water
Parking Features:
Driveway - Other Surface
Exterior Material:
Vinyl Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Lot & Land
Acres:
0.12
Geolocation:
44.961419, -93.285102
Lot Dimensions:
128 x 40 x 128 x 40
Zoning:
Residential-Multi-Family
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:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,550
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,550
Income
Annual Gross Income:
$41,940
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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.
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!
Listing provided by RMLS,
courtesy of Keller Williams Premier Realty Lake Minnetonka.
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.