For Sale: Minneapolis MLS# 6619549
Active
$499,500
Multi-family: Duplex Up and Down
Built 1900
2,071 sqft
Minneapolis schools
MLS# 6619549
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Property Description
Charming and meticulously maintained up/down duplex in the heart of Seward! This property is a rare find, combining classic architectural details with modern upgrades and offering fantastic potential for rental income or multi-generational living. Each unit features natural light filled spaces, functional layouts, and well-appointed kitchens with ample cabinet space. The lower unit boasts hardwood floors on the main, high ceilings and includes finished space in the basement that includes an egress window, 3/4 bath, and kitchenette. The upper unit offers a similar layout with new carpet and private three season porch. Both units have dedicated utilities and separate entrances. With appropriate modifications it can easily be transformed into a triplex, maximizing rental income and making it a versatile investment. Conveniently located near shops, parks, restaurants, and transit the location is highly desirable for renters or owner-occupants.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$499,500
Price per sq ft:
$241
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55406
Neighborhood/Area:
Seward
Subdivision Name:
Fair Ground Add
Interior
Finished Area:
2,071 ft2
Living Area:
2,071 ft2
Ranges:
Two
Refrigerators:
Three
Basement Details:
- Block
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
3
Garage Dimensions:
29 x 21
Foundation Size:
801 ft2
Fencing:
Chain Link, Partial, Privacy, Wood
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Concrete
- Detached
- Garage Door Opener
Shared Amenities:
Porch
Road Frontage:
- City Street
- Sidewalks
Exterior Material:
- Steel Siding
- Vinyl Siding
- Wood Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0
Geolocation:
44.96221, -93.236669
Lot Dimensions:
7132.00
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$756
Annual Fuel Expense:
$863
Annual Insurance Expense:
$2,653
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,400
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$6,383
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,383
Income
Annual Gross Income:
$31,800
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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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 Edina Realty, Inc..
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.