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Active
$549,900
/mo Edit
Multi-family:  Duplex Up and Down
Built 1914
3,931 sqft0.13 acres
Minneapolis schools
MLS# 6182722
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    Property Description

    Unique opportunity to own two duplexes on one lot! The larger blue duplex has 3 bedrooms upstairs and two bedrooms downstairs. It features original woodwork, built in buffets and hardwood floors. Remodeled bathrooms and kitchens in both units. Large attic space is open and ready for value added expansion. Large basement space houses laundry. The smaller red and white duplex in the backyard has a one bedroom unit upstairs, a one bedroom unit downstairs and a newer boiler.

    Listing

    Contingency: None
    Price per sq ft: $140
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55407
    Neighborhood/Area: Corcoran
    Subdivision Name: Coopers Sub Blks Wilbers 2nd A

    Interior

    Living Area: 3,931 ft2
    Total Area: 7,252 ft2
    Above Ground Area: 5,261 ft2
    Below Ground Area: 1,991 ft2
    Main Level Area: 1,991 ft2
    Ranges: One Per Unit
    Refrigerators: Four
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 1,991 ft2
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Boiler
    Parking Features: Gravel
    Exterior Material: Wood Siding
    Roof Details: Asphalt
    Upper Level Size Sq Ft
    Unit 2 Bedroom 1  12 x 12  144 
    Unit 2 Bedroom 2  12 x 9  108 
    Unit 2 Bedroom 3  12 x 12  144 
    Unit 2 Dining Room  13 x 12  156 
    Unit 2 Kitchen  14 x 9  126 
    Unit 2 Living Room  21 x 14  294 
    Level Size Sq Ft
    Unit 1 Family Room  —  — 
    Main Level Size Sq Ft
    Unit 1 Bedroom 1  12 x 11  132 
    Unit 1 Bedroom 2  —  — 
    Unit 1 Dining Room  15 x 12  180 
    Unit 1 Kitchen  13 x 9  117 
    Unit 1 Living Room  21 x 14  294 

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.13
    Geolocation: 44.940663, -93.246983
    Lot Dimensions: 46 x 125

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,800
    Annual Fuel Expense: $1,080
    Annual Insurance Expense: $2,500
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $3,600

    Financial & Taxes

    Tax Year: 2022
    Annual Taxes: $7,924
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,924
    Land Lease Amount: 0

    Income

    Annual Gross Income: $57,300
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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.
    It would be our pleasure to assist you with your home purchase!

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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.