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Sold:  Minneapolis MLS# 6538341

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Sold
$1,100,000  (list price)
$915,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1921
6,312 sqft • 0.21 acres
Minneapolis schools
MLS# 6538341
763-576-8286
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    Property Description

    Wonderful investment opportunity! 11 beds/6 baths. Up/down duplex building. This property generates great income in this area offering a combination of long and short term rental. Tons of natural light and large spaces/sunrooms & lots of windows. This entire property has been well maintained & updated. It's extra clean & really shows the current owners care. LOADS of storage space. Newer Anderson windows throughout entire bldg, newer furnace/water heaters, new roof. Bathrooms & kitchens were also recently updated. Plus oversize 4 car garage plus an extra parking spot next to it, huge fenced in backyard! Great location in Whittier neighborhood and only a block to Nicollet Ave & all the popular Eat Street restaurants & just a couple more blocks to the Institute of Arts. LOCATION! Move right in & you'll be glad you own this solid, low maintenance investment into the future

    Listing

    Listing Status: Sold
    Contingency: None
    List Price: $1,100,000
    Sold Price: $915,000
    Sold Date: 12/30/2024
    Price per sq ft: $174
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 4
    County: Hennepin
    Year Built: 1921
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55404
    Neighborhood/Area: Whittier
    Subdivision Name: J T Blaisdells Rev Add

    Interior

    Finished Area: 6,312 ft2
    Living Area: 6,312 ft2
    Basement Details:
    • Block
    • Finished
    • Full

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 4
    Garage Dimensions: 37x22
    Garage Size: 814 ft2
    Foundation Size: 2,028 ft2
    Fencing: Privacy, Wood
    Handicap Accessible: None
    Heating System:
    • Boiler
    • Hot Water
    Parking Features: Detached
    Shared Amenities:
    • Common Laundry
    • Patio
    • Porch
    Road Frontage: City Street
    Exterior Material:
    • Brick/Stone
    • Stucco

    Lot & Land

    Acres: 0.21
    Geolocation: 44.957772, -93.280096
    Lot Dimensions: 55 x 165
    Zoning: Residential-Multi-Family

    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: None
    Annual Maintenance Expense: None
    Annual Gross Expense: $78,000
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $10,932
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $11,370

    Income

    Annual Gross Income: $152,000

    Units

    Total Units: 2

    Miscellaneous

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

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    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!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    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.