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Contingent
Listed
$849,900
/mo   Edit
MLS# 5663643
Multi-family
Built 1920
4,438 fin sqft
Minneapolis schools
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    Description:   A premier duplex property in the high-demand Lowry Hill neighborhood, 3 blocks from Lake of the Isles & 1 block from Kenwood Park. Great opportunity for either an owner occupant or investor.  This wonderful location brings very strong rents!  Separate entrances, mechanicals, and utilities for gas & electric. The main floor unit features a spacious LR w/ fireplace, sunroom, DR w/ built-in buffet, 2 BR's & updated BA w/tile flooring.  A beautifully updated kitchen w/ custom cherry cabinets, granite countertops & newer SS appliances completes the main floor unit. The upper level unit includes 3 BR's and 2 BA's between the 2nd and 3rd floor.  Features include LR w/ fireplace, sunroom, DR w/ built-in buffet, back porch & updated BA's w/ tile flooring. The eat-in kitchen has also been updated w/ white custom cabinetry, Carrara marble counters/backsplash & newer SS appliances. The 3rd BR encompasses the entire 3rd floor & features a spacious owner's closet & en suite BA. 2 car garage!
    List Price: $849,900
    Price/sq ft: $192
    Property Type: Multi-family
    Listing Status: Contingent
    Contingency: Inspection
    Property Style: Duplex Up and Down
    Year Built: 1920
    Neighborhood/Area: Lowry Hill
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55403

    Interior

    Fin Sq Ft / Living Area: 4,438 ft²
    Above Ground Living: 4,438 ft²
    Below Ground Living: 0 ft²
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details: Full, Storage Space, Shared Access

    Exterior

    Heating System: Forced Air
    Foundation Size: 1,840 ft²
    Shared Amenities: Patio, Porch, Common Garden
    Fencing: Wood
    Road Frontage: City Street, Curbs, Sidewalks
    Handicap Accessible: None
    Exterior Material: Wood Siding, Stucco, Brick/Stone
    Garage Spaces: 2
    Roof Details: Asphalt

    Lot

    Acres: 0.15
    Lot Description: Corner Lot
    Latitude: 44.96656900
    Longitude: -93.30160900
    Lot Size Dim.: 50x135
    Dev/Complex Name: Lakeview Add
    Zoning: Residential-Multi-Family

    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: $3,203
    Annual Maintenance Expense: $3,050
    Annual Gross Expense: $8,000
    Annual Trash Expense: $1,750
    Annual Water/Sewer Expense: None
    Tenant Expenses: Electricity, Fuel, Snow Removal, Grounds Care, Cable TV

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $14,385
    Assessment Pending: Unknown
    Taxes w/ Assessments: $14,385

    Income

    Annual Gross Income: $71,310

    Rent

    Unit 1 Monthly Rent: $2,200
    Unit 2 Monthly Rent: $3,490

    Unit

    Total Units: 2

    Miscellaneous

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

    Mortgage Calculator

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    Get to know our Home Mortgage Professionals

    Justin
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    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 RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.