For Sale: Minneapolis MLS# 6499749
Active Contingent
$525,000
Multi-family: Duplex Up and Down
Built 1908
4,264 sqft•0.16 acres
Minneapolis schools
MLS# 6499749
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Property Description
Don't miss this opportunity to own a high performing rental property in the beautiful Whittier neighborhood! This duplex is in great condition and both units are large, attracting great rental income. The upper unit boasts 5 bedrooms, 2 bathrooms, a formal dining room, living room, porch, an upper level living area and is leased for $2695. The lower unit boasts 3 bedrooms, 1 bathroom, a formal dining room, living room, porch, new windows and is rented for $1795. Both leases end May 31st with opportunity to renew. There is shared parking, shared coin laundry (bringing in additional income) and a new boiler! The property used to be a triplex and is already set up with a 3rd electrical panel and 3rd floor rough-in plumbing for a kitchen if someone wanted to convert it back. Awesome opportunity for an investor or owner occupant looking to house hack.
Listing
Listing Status:
Active Contingent
Contingency:
Subject to Financing
List Price:
$525,000
Price per sq ft:
$123
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1908
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55404
Neighborhood/Area:
Whittier
Subdivision Name:
Daytons Sub Blks J T Blaisdell
Interior
Finished Area:
4,264 ft2
Living Area:
4,264 ft2
Basement Details:
- Daylight/Lookout Windows
- Full
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
1,632 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Hot Water
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.16
Geolocation:
44.95943780, -93.28260192
Lot Dimensions:
51 x 165
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$1
Annual Insurance Expense:
$1
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$9,298
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$9,006
Income
Annual Gross Income:
$1
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 RE/MAX Results.
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.