For Sale: Minneapolis MLS# 6671084
Active
$530,000
Multi-family: Duplex Side by Side
Built 2004
6,079 sqft • 0.19 acres
Minneapolis schools
MLS# 6671084
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Property Description
Presenting an unparalleled investment opportunity at 417 26th Ave N, Minneapolis, MN 55411. This exceptional duplex, built in 2004, offers a total of 9 bedrooms and 7 bathrooms across two expansive units. The front unit features 5 bedrooms and 4 bathrooms, while the back unit comprises 4 bedrooms and 3 bathrooms. Each unit is thoughtfully designed with spacious, open floor plans, modern kitchens, updated bathrooms, and in-unit laundry facilities, ensuring maximum tenant satisfaction. The property's contemporary construction minimizes maintenance concerns, providing peace of mind for investors. Strategically located in the Hawthorne neighborhood, this property is just minutes from downtown Minneapolis and conveniently close to major freeways, offering easy access to local amenities, parks, and transportation options. Currently, both units are occupied by tenants with a solid payment history, providing immediate and reliable cash flow. Whether you're a seasoned investor seeking a high-performing asset or a first-time investor looking to enter the rental market, 417 26th Ave N represents the pinnacle of duplex living in Minneapolis. Don't miss this rare opportunity to own one of the finest duplexes in the area.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$530,000
Price per sq ft:
$87
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
2004
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55411
Neighborhood/Area:
Hawthorne
Subdivision Name:
Woodland Park
Interior
Finished Area:
6,079 ft2
Living Area:
6,079 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
Finished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,508 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Concrete
Shared Amenities:
- Coin-op Laundry Owned
- Deck
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.19
Geolocation:
45.005651, -93.286007
Lot Dimensions:
65 x 129
Zoning:
Residential-Multi-Family
Lot Description:
- Irregular Lot
- Tree Coverage - Medium
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:
$4,000
Annual Maintenance Expense:
$500
Annual Gross Expense:
$8,300
Annual Trash Expense:
$1,800
Annual Water/Sewer Expense:
$1,800
Tenant Expenses:
All Utilities, Cable TV, Electricity, Fuel, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,342
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,342
Income
Annual Gross Income:
$57,600
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.
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.