For Sale: Minneapolis MLS# 6625428
Active
$659,000
Commercial: Apartment,High Rise
Built 1926
Minneapolis schools
MLS# 6625428
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Property Description
Invest in this rare condominium package today and grow your investment portfolio with 10% down Contract for deed!! This property is offered as part of a bundle of four units. Located blocks from Powderhorn Lake and Midtown Global Market, these properties offer excellent four-bedroom rentals with the best amenities south Minneapolis has to offer. A 10-minute drive downtown or 20 to the airport means these units rent easily and stay rented. They cash flow WITH HOA fees factored in! All units are currently occupied with great tenants with potential to vastly increase rent overtime. Don't miss this one before it's gone!!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$659,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1926
State:
MN
Property Style:
Apartment, High Rise
Zip Code:
55407
Neighborhood/Area:
Powderhorn Park
Subdivision Name:
Cic 1284 13th Ave Condo
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Dishwasher
- Dryer
- Microwave
- Range
- Refrigerator
- Washer
Basement Details:
None
Exterior
Stories:
Three Or More
Garage Spaces:
0
Garage Dimensions:
0
Other Parking Spaces:
0
Air Conditioning:
None
Foundation Size:
1,210 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
- Paved
- Unassigned
Unit Amenities:
- Ceiling Fan(s)
- Hardwood Floors
- Kitchen Window
- Security System
- Tile Floors
- Walk-In Closet
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
- Flat
- Tar/Gravel
Lot & Land
Acres:
0
Geolocation:
44.947032, -93.25665
Inclusions:
Other
Lot Dimensions:
COMMON
Zoning:
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
- Irregular Lot
- Public Transit (w/in 6 blks)
- Tree Coverage - Medium
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,837
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$1,877
Units
Total Units:
4
Unit Number:
11
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Common
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
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credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Results.
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.