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Sold
Sold
$365,000  (list price)
$365,000
/mo   Edit
MLS# 5550268
Multi-family
Built 1900
1,988 fin sqft
Minneapolis schools
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    Description:   Want to lower your housing expenses by having someone else pay the majority of our mortgage? That is house hacking and this duplex is as turn-key as they come. Please see supplements for extensive list of improvements. The upper unit of this duplex is ready for you to move right in. This SW facing unit gets every last bit of sunlight shining in. Kitchen was updated in 2013 and bathroom renovated in 2020. Brand new furnace was installed in 2018 and central air added at that time. Storage can be hard to come by, but not here. Walk in closet, pantry and attic provide ample storage. Attic was spray foamed for energy efficiency in 2019 and could be finished for additional living space. Fully fenced in yard is any pup's dream. Basement has 2 sets of washers and dryers. 2 car garage with additional parking pad. Seperate electric and gas meters per unit. Owner is responsible for water/sewer/trash which is consistently $140/month. Walking distance to so much!
    List Price: $365,000
    Sold Price: $365,000
    Sold Date: 05/21/2020
    Price/sq ft: $184
    Property Type: Multi-family
    Listing Status: Sold
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1900
    Neighborhood/Area: Sheridan
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55413

    Interior

    Fin Sq Ft / Living Area: 1,988 ft²
    Above Ground Living: 1,988 ft²
    Below Ground Living: 0 ft²
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details: Full, Day/Lookout Windows, Concrete Block, Unfinished, Storage Space, Shared Access, Owner Access

    Exterior

    Heating System: Forced Air, Baseboard, Hot Water, Heat Pump, Ductless Mini-Split, Boiler
    Foundation Size: 1,088 ft²
    Shared Amenities: None
    Fencing: Wood, Chain Link, Privacy, Full
    Road Frontage: City, Paved Streets, Sidewalks, Street Lights, Storm Sewer
    Handicap Accessible: None
    Exterior Material: Vinyl, Brick/Stone, Other
    Garage Spaces: 2
    Roof Details: Asphalt Shingles, Age Over 8 Years, Pitched, Rubber

    Lot

    Acres: 0.13
    Construction Status: Previously Owned
    Lot Description: Tree Coverage - Light, City Bus (w/in 6 blks)
    Latitude: 45.00388100
    Longitude: -93.25850800
    Lot Size Dim.: 40x139
    Dev/Complex Name: Cutters Add
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $1,200
    Annual Maintenance Expense: $1,000
    Annual Repair Expense: None
    Annual Gross Expense: $3,880
    Total Annual Expenses: $3,880
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,680
    Owner Expenses: Taxes, Insurance, Water/Sewer, Trash, Snow, Lawn
    Tenant Expenses: Fuel, Electric, Cable T.V.

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $4,663
    Assessment Pending: No
    Taxes w/ Assessments: $4,663

    Income

    Annual Gross Income: 19500.00
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Unit 1 Monthly Rent: $1,625
    Unit 2 Monthly Rent: None

    Unit

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Homestead: Yes
    Owner Occupied: N
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
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