For Sale: Minneapolis MLS# 6638606
Active
$499,900
Multi-family: Other
Built 1965
3,616 sqft • 0.18 acres
Minneapolis schools
MLS# 6638606
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Property Description
Renovated side-by-side duplex with a big private backyard near the heart of NE Minneapolis. Ideal for an owner occupant or investor to renovate the unit that is not fully renovated, continue with short-term rental or place a long-term tenant. Close proximity to restaurants & nightlife located just outside of downtown Minneapolis yet the location feels like suburban living.
One side is a 2 bedroom 1 bathroom unit with open layout and a kitchen remodel done within the last 10 yrs. Everything else is original and ready to add your unique flair and create your own paradise. This side has an unfinished basement for equity building potential.
The other side is currently used as a short-term rental generating approx $5, 000 / month over a 12-month period. Summer months generate approx $6, 000-$9, 000 per month. Winter generates approx $2, 000-$4, 000 per month. This unit was fully remodeled in 2018 and has 4 bedrooms, 2 bathrooms, 2 living rooms and a fully finished basement. Open layout with updated kitchens with granite countertops, updated baths, spacious room sizes all in an ideal location within walking distance of restaurants, grocery stores and all that Northeast has to offer.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$499,900
Price per sq ft:
$138
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1965
State:
MN
Property Style:
Other
Zip Code:
55418
Neighborhood/Area:
Audubon Park
Subdivision Name:
Menages Sup To East Side Add
Interior
Finished Area:
3,616 ft2
Living Area:
3,616 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
- Single Tenant Access
Exterior
Stories:
One
Garage Spaces:
0
Foundation Size:
1,880 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Exterior Material:
- Shake Siding
- Wood Siding
Lot & Land
Acres:
0.18
Geolocation:
45.019109, -93.245064
Lot Dimensions:
42 x 182
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,600
Annual Fuel Expense:
$2,500
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
$1,000
Annual Gross Expense:
$6,481
Annual Trash Expense:
$900
Annual Water/Sewer Expense:
$950
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,070
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,070
Income
Annual Gross Income:
$60,000
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
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 eXp 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.