For Sale: Minneapolis MLS# 6602018
Active
$600,000
Multi-family: Duplex Up and Down
Built 1913
3,359 sqft • 0.08 acres
Minneapolis schools
MLS# 6602018
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Property Description
Terrific opportunity to own a fully rented duplex just blocks from Lake of the Isle. Large main unit has stainless steel kitchen and island, hard wood floors, 4 bedrooms and 2 bathrooms with an in-unit laundry.
Second upper unit is a single bedroom and bath with an amazing 3rd level deck.
Main unit only on first showing, 24hr lead time as the units are both rented.
-New roof installed in 2023
-New storm windows installed in upper floor in 2023
-Major plumbing updates done in 2022 & 2023
-Electrical updates done in 2022 & 2023 including a new sub box to the main breaker
-Washer & Dryer installed on main floor in 2022
Listing
Listing Status:
Active
Contingency:
None
List Price:
$600,000
Price per sq ft:
$179
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1913
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55408
Neighborhood/Area:
East Isles
Subdivision Name:
Russells Add
Interior
Finished Area:
3,359 ft2
Living Area:
3,359 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
Full
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
1
Garage Size:
220 ft2
Foundation Size:
887 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
- Attached Garage
- Concrete
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
Stucco
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.08
Geolocation:
44.953578, -93.299053
Lot Dimensions:
74 x 45
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,800
Annual Fuel Expense:
$1,920
Annual Insurance Expense:
$6,720
Annual Maintenance Expense:
$1,200
Annual Gross Expense:
$14,940
Annual Trash Expense:
$1,050
Annual Water/Sewer Expense:
$1,050
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$6,422
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$6,422
Income
Annual Gross Income:
$39,713
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 Re/Max Advantage Plus.
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.