For Sale: Minneapolis MLS# 6631507
Active
$995,000
Multi-family: Other
Built 1900
2,679 sqft • 0.1 acres
Minneapolis schools
MLS# 6631507
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Property Description
Fantastic opportunity to own this front to back multi-level duplex in the heart of Stadium Village at the U of M! Each renovated unit features 5 bedrooms (3 on one level), 1.75 baths, private decks and entrances, in-unit laundry, separate mechanicals and off-street parking! The front unit (#1) is rented @ $3020/month and leased through 8/26/25. The rear unit (#2) is rented @ $3820/month and leased through 8/26/25. Seller maintains and pays the monthly water/trash utility bill and charges back each tenant $25/tenant through their monthly rent. Add to your investment portfolio! Terrific student housing opportunity and has no problem with occupancy. Great location!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$995,000
Price per sq ft:
$371
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Other
Zip Code:
55414
Neighborhood/Area:
Prospect Park - East River Road
Subdivision Name:
Meeker Island Land & Power Co Add Rev
Interior
Finished Area:
2,679 ft2
Living Area:
2,679 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Block
- Full
- Storage Space
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
1
Garage Size:
240 ft2
Foundation Size:
722 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Assigned
- Detached
- Open
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Vinyl Siding
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.1
Geolocation:
44.969096, -93.226682
Lot Dimensions:
30 x 140
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Medium
Farm
Topography:
Level
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:
$2,300
Annual Maintenance Expense:
$3,500
Annual Gross Expense:
$9,300
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,500
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$6,974
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,974
Income
Annual Gross Income:
$82,080
Misc. Annual Income:
None
Misc. Monthly Income:
None
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 Coldwell Banker Realty.
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.