For Sale: Minneapolis MLS# 6485012
Active
$699,000
Multi-family: Duplex Other
Built 1910
4,424 sqft•0.17 acres
Minneapolis schools
MLS# 6485012
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Property Description
Either an investment or owner-occupied option, this once 5 unit converted to a duplex with a commercial recording studio media room component recently had an Airbnb business on one side. Operating now as a pure duplex it has the potential to repurpose back into a 4/5 unit due to zoning BF13 & UN2 to be verified by buyer or continue as is. The tenants wish to stay however the unit leases expire April and July 2024. The attached pictures show the interior when owner occupied and operating as an Airbnb to note. Amenities are numerous at 2544 including a 5-stall detached garage plus room for guest parking. The owner resides in another state and has decided to sell to simplify real estate owned.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$699,000
Price per sq ft:
$158
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
5
County:
Hennepin
Year Built:
1910
State:
MN
Property Style:
Duplex Other
Zip Code:
55404
Neighborhood/Area:
Whittier
Subdivision Name:
J T Blaisdells Rev Add
Interior
Finished Area:
4,424 ft2
Living Area:
4,424 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Full
- Storage Space
Exterior
Stories:
Two
Garage Spaces:
5
Garage Size:
1,000 ft2
Foundation Size:
2,356 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Guest Parking
- Multiple Garages
- Shared Driveway
Shared Amenities:
- Deck
- Porch
Road Frontage:
City Street
Exterior Material:
- Stucco
- Wood Siding
Roof Details:
- Age Over 8 Years
- Flat
Lot & Land
Acres:
0.17
Geolocation:
44.955827, -93.281769
Lot Dimensions:
44.6 x 165
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Underground Utilities
Farm
Topography:
Level
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:
$5,000
Annual Maintenance Expense:
None
Annual Gross Expense:
$17,750
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$12,750
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$12,750
Income
Annual Gross Income:
$63,240
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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.
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!
Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.