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Active
$580,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1900
3,508 sqft0.11 acres
Minneapolis schools
MLS# 6214128
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    Property Description

    Great investment opportunity in the Uptown/Whittier area. Close to shopping, restaurants, bus lines and more. Easy to rent, never a vacancy in 20 years. All windows and doors replaced in last 7-11 years. Upstairs unit has a fully finished 3rd floor family room. High ceilings and hardwood floors in both units. Furnaces and AC replaced for both in the last 5 years. Lovely back yard, 4 parking spaces, private entrances and access to basement for each. Shared laundry in basement.

    Listing

    Contingency: None
    Price per sq ft: $165
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55405
    Neighborhood/Area: Whittier
    Subdivision Name: Rgt Fergusons Add

    Interior

    Living Area: 3,508 ft2
    Total Area: 4,368 ft2
    Above Ground Area: 3,508 ft2
    Below Ground Area: 860 ft2
    Main Level Area: 964 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Full
    • Shared Access
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 1,254 ft2
    Fencing: Wood, Partial
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Shared Driveway
    Exterior Material: Stucco
    Upper Level Size Sq Ft
    Unit 2 Bedroom 1  14 x 11  154 
    Unit 2 Bedroom 2  10.5 x 12  120 
    Unit 2 Bedroom 3  11 x 9.5  99 
    Unit 2 Kitchen  10 x 11  110 
    Unit 2 Living Room  14 x 12  168 
    Third Level Size Sq Ft
    Unit 2 Family Room  30 x 43  1,290 
    Main Level Size Sq Ft
    Unit 1 Bedroom 1  13 x 11  143 
    Unit 1 Bedroom 2  11 x 8  88 
    Unit 1 Dining Room  14 x 10  140 
    Unit 1 Kitchen  11.5 x 11  121 
    Unit 1 Living Room  11 x 13  143 

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.11
    Geolocation: 44.95885900, -93.28709300
    Lot Dimensions: 118X40
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $3,070
    Annual Fuel Expense: $1,700
    Annual Insurance Expense: $4,055
    Annual Maintenance Expense: $1,988
    Annual Gross Expense: $20,111
    Annual Trash Expense: $400
    Annual Water/Sewer Expense: $1,400
    Tenant Expenses: Cable TV, Snow Removal

    Financial & Taxes

    Tax Year: 2021
    Annual Taxes: $7,849
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $7,849
    Land Lease Amount: 0

    Income

    Annual Gross Income: $44,614
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 2

    Miscellaneous

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

    Mortgage Calculator

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    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 Keller Williams Integrity RE.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.