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For Sale:  Minneapolis MLS# 6619951

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Active NEW!
$350,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1900
1,516 sqft • 0.12 acres
Minneapolis schools
MLS# 6619951
612-242-2643
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    Property Description

    Gorgeous, renovated duplex located in the heart of the NE Arts District, surrounded by restaurants, parks, shops, cafes, and more! Both units have been elegantly remodeled with new kitchens and baths, including stunning wood floors. Upgraded windows, steel siding and the roof was replaced in 2023. The upstairs unit features one bedroom, an updated kitchen and bathroom, a large closet, and a small room perfect for an office. The kitchen includes a gas range, a dishwasher drawer, and a large island. This unit rents for $1, 315 The main floor unit, originally with two bedrooms, has been converted to one bedroom but can easily be restored to a two-bedroom layout. It boasts a spacious, updated kitchen and bath, with hardwood floors and tile in the bathrooms and kitchen. This unit rents for $1, 577 The property also includes a large fenced-in lot with ample room for an ADU, garage, or off-street parking. Additionally, the roof was replaced in 2022! This home is perfect for an owner-occupier or an investor looking to maximize rental income.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $350,000
    Price per sq ft: $231
    Property Type: Multi-family
    City: Minneapolis
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55413
    Neighborhood/Area: Sheridan
    Subdivision Name: Cutters Add

    Interior

    Finished Area: 1,516 ft2
    Living Area: 1,516 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Full
    • Stone/Rock

    Exterior

    Stories: One and One Half
    Foundation Size: 856 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: None
    Road Frontage: City Street
    Exterior Material: Vinyl Siding
    Roof Details: Age 8 Years or Less

    Lot & Land

    Acres: 0.12
    Geolocation: 45.001483, -93.260624
    Lot Dimensions: 40 x 134
    Zoning: Residential-Multi-Family
    Lot Description: Irregular Lot

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Fuel Expense: $1,800
    Annual Insurance Expense: $1,700
    Annual Maintenance Expense: $500
    Annual Gross Expense: $7,600
    Annual Trash Expense: $600
    Annual Water/Sewer Expense: $2,500
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $7,181
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,181

    Income

    Annual Gross Income: $34,704

    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 Professional

    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!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    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.