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Active Contingent
$434,900
/mo Edit
Multi-family:  Duplex Up and Down
Built 1990
2,376 sqft0.06 acres
Minneapolis schools
MLS# 6494923
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    Property Description

    ASSUMABLE FHA LOAN AT 2.5%!!! Incredible Investment Opportunity! Very Clean Duplex in an Excellent Minneapolis Location, Very Close to the University of MN! Multiple Restaurants, Breweries, Shopping, and Easy Access to the Freeway! Both Units are 3 Bedroom, 1 Bathroom, with a Kitchen, Dining, and Living Room. Total of 6 Bedrooms and 2 Bathrooms. The Lower Level has Been Completely Renovated, Including New Kitchen Cabinetry, New Vinyl Plank Flooring, New Bathroom Vanity, New Carpet, and a New A/C Unit. The The Upper Level is Being Held Vacant to Facilitate Showings and Allow for a Potential Owner Occupant to Assume the Existing FHA Loan! Updates on the Upper Level Include New Carpeting 3 Years Ago, New Paint, New Bathroom Vanity, and New Kitchen Flooring.

    Listing

    Contingency: Inspection
    Price per sq ft: $183
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55414
    Neighborhood/Area: Marcy Holmes
    Subdivision Name: Clara E Fuller Add

    Interior

    Living Area: 2,376 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Daylight/Lookout Windows
    • Finished
    • Full

    Exterior

    Stories: Split Entry (Bi-Level)
    Garage Spaces: 0
    Foundation Size: 1,188 ft2
    Fencing: Partial, Privacy, Wood
    Handicap Accessible: None
    Road Responsibility: Association Maintained Road, Public Maintained Road
    Heating System: Radiant
    Parking Features:
    • Asphalt
    • Parking Lot
    • Paved
    Shared Amenities: Coin-op Laundry Owned
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Private Road
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Exterior Material: Vinyl Siding
    Roof Details:
    • Architecural Shingle
    • Asphalt
    • Pitched

    Lot & Land

    Acres: 0.06
    Geolocation: 44.988381, -93.238571
    Lot Dimensions: 38 x 73 x 40 x 65
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Medium

    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: $900
    Annual Maintenance Expense: None
    Annual Gross Expense: $7,500
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,400
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $5,974
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,974

    Income

    Annual Gross Income: $39,600

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Electric
    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 Chestnut Realty Inc.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.