For Sale: Minneapolis MLS# 6677339
Active
$575,000
Multi-family: Duplex Up and Down
Built 1901
3,492 sqft • 0.12 acres
Minneapolis schools
MLS# 6677339
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Property Description
Charming very spacious duplex with great floor plans, hard wood floors, original woodwork. Upper apartment has 5 bedrooms and 2 baths, lower apartment has 4 bedrooms and 2 baths. Owners did a full renovation back in 2009 so that electrical, plumbing, 2 kitchens and 4 baths were remodeled in both apartments. New forced air furnaces and duct work were installed at that time. 10 years ago a new 30 year architectural shingle roof and all new Hardie Board siding were installed. 2 years ago each unit had new central A/C units installed. Last year some painting and carpets were done at apartment turn overs. It is unusual to find this large of a duplex in Minneapolis especially in the heart of the N.E. arts district. Potential to add units to the basement and attic to make a triplex or a 4 plex. Both units are currently rented to very good tenants through the end of August 2025. If a buyer did some upgrades to the kitchens and baths, there is some serious upside to the rents.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$575,000
Price per sq ft:
$165
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1901
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55413
Neighborhood/Area:
Logan Park
Subdivision Name:
Mcmillans Add
Interior
Finished Area:
3,492 ft2
Living Area:
3,492 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Daylight/Lookout Windows
- Full
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,746 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Gravel
- Open
Shared Amenities:
Common Laundry
Road Frontage:
City Street
Exterior Material:
Fiber Cement
Roof Details:
- Age Over 8 Years
- Architectural Shingle
- Pitched
Lot & Land
Acres:
0.12
Geolocation:
45.001594, -93.256637
Lot Dimensions:
40 x 129
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 Caretaker Expense:
None
Annual Electric Expense:
$310
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,673
Annual Maintenance Expense:
$2,682
Annual Gross Expense:
$9,864
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,200
Tenant Expenses:
Cable TV, Electricity, Fuel, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$8,670
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,232
Income
Annual Gross Income:
$53,640
Misc. Annual Income:
$600
Misc. Monthly Income:
$50
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 Grand Realty, LLC.
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.