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For Sale:  Minneapolis MLS# 6608974

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Active Contingent
$580,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1921
2,912 sqft • 0.12 acres
Minneapolis schools
MLS# 6608974
763-576-8286
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    Property Description

    Exceptional up/down duplex in prime Uptown location at 3316 Hennepin Ave, just blocks from Lake Bde Maka Ska. This spacious property offers two units, each with 3 bedrooms and 1 bathroom, large living and dining rooms. The lower unit features recent upgrades including refinished hardwood floors, fully updated bathroom, fresh paint, and landscaping improvements. Currently vacant, it presents an estimated rental value of $2, 400/month. The upper unit is leased at $1, 965 /month, providing immediate income. Ideal for owner-occupants or investors seeking a turn-key investment. With its prime location and recent renovations, this property offers excellent potential for appreciation and rental income.

    Listing

    Listing Status: Active Contingent
    Contingency: Inspection
    List Price: $580,000
    Price per sq ft: $199
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1921
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55408
    Neighborhood/Area: ECCO
    Subdivision Name: Calhoun Park

    Interior

    Finished Area: 2,912 ft2
    Living Area: 2,912 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details: Block

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 20x18
    Garage Size: 360 ft2
    Garage Door Height: 7
    Foundation Size: 1,456 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features: Detached
    Shared Amenities: Coin-op Laundry Owned
    Exterior Material: Stucco
    Roof Details: Age Over 8 Years

    Lot & Land

    Acres: 0.12
    Geolocation: 44.9424093607, -93.2986375337
    Lot Dimensions: 40 x 127

    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: $3,500
    Annual Maintenance Expense: None
    Annual Gross Expense: $6,200
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,700
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $9,148
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,524

    Income

    Annual Gross Income: $52,680
    Misc. Annual Income: $900
    Misc. Monthly Income: $75

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    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 Rize Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.