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Pending
$925,000
/mo   Edit
MLS# 5578227
Multi-family
Built 1953
5,224 fin sqft
Minneapolis schools
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    Description:   Located one block off of Cedar Lake, this is the first time this property has ever been on the market. A phenomenal 5500 sq foot side x side duplex in outstanding condition and setting on a double lot. This family-owned property was built by the original owner, who once owned all of the lakeshore around Cedar Lake. This is the last piece of real estate that they developed, and the first time available since its construction. You will enjoy this beautiful setting overlooking a gorgeous park; with quick and easy access to downtown Minneapolis, and the rest of the city lakes area.This could be a perfect owner occupy opportunity and/or single-family renovation.
    List Price: $925,000
    Sold Date: 0000-00-00
    Price/sq ft: $177
    Property Type: Multi-family
    Listing Status: Pending
    Contingency: None
    Property Style: Duplex Side by Side
    Year Built: 1953
    Neighborhood/Area: Bryn - Mawr
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55416

    Interior

    Fin Sq Ft / Living Area: 5,224 ft²
    Above Ground Living: 3,278 ft²
    Below Ground Living: 1,946 ft²
    Total Ranges: One
    Total Refrigerators: One
    Basement Details: Finished

    Exterior

    Heating System: Baseboard, Hot Water
    Foundation Size: 3,278 ft²
    Fencing: Wood
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Wood Siding, Brick/Stone
    Garage Spaces: 4
    Roof Details: Asphalt, Age Over 8 Years

    Lot

    Acres: 0.33
    Construction Status: Previously Owned
    Lot Description: Corner Lot, Tree Coverage - Heavy, Public Transit (w/in 6 blks)
    Latitude: 44.96021800
    Longitude: -93.32804400
    Lot Size Dim.: 71x125
    Dev/Complex Name: McNair Park
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: $1
    Annual Electric Expense: $1
    Annual Fuel Expense: $1
    Annual Insurance Expense: $1
    Annual Maintenance Expense: $1
    Annual Repair Expense: $1
    Annual Gross Expense: $1
    Total Annual Expenses: $1
    Annual Trash Expense: $1
    Annual Water/Sewer Expense: $1

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $17,932
    Assessment Pending: Unknown
    Taxes w/ Assessments: $17,932

    Income

    Annual Gross Income: $54,000

    Rent

    Unit 1 Monthly Rent: $2,000
    Unit 2 Monthly Rent: $2,500

    Unit

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Homestead: No
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jason
    Roaldson
    CrossCountry
    Jeff
    Zajac
    TruStone
    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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    Listing provided by RMLS, courtesy of Edina Realty, Inc..
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