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Sold:  Minneapolis MLS# 6564743

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Sold
$290,000  (list price)
$265,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1900
2,054 sqft • 0.15 acres
Minneapolis schools
MLS# 6564743
763-576-8286
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    Property Description

    Great investment or owner-occupied opportunity with strong cash flow! Convenient location to dining, shopping, parks, etc. Lots of recent improvements: two water heaters (2024), Exterior siding repair and entire duplex, garage & side porch painted (2023), new back steps (2023), new carpeting upper bedroom one(2023), upper unit painted (2023), duplex roof (2022) (note: extra shingles in garage for future replacement of garage shingles), main floor unit painted (2022), new kitchen floor main unit (2022), new frig main floor unit (2022) and attic insulated (2020). Previous owner updates include: 1st floor furnace (2010) and 2nd floor furnace (2000). Large backyard is mostly fenced. Two-car garage for extra storage and tenants park on driveway in front of garage. Lots of on-street parking in front and on 36th St. Upper unit furnace is in attic (door is unlocked but do not go past the top of stairs (no flooring over insulation).

    Listing

    Listing Status: Sold
    Contingency: None
    List Price: $290,000
    Sold Price: $265,000
    Sold Date: 12/19/2024
    Price per sq ft: $141
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 1
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55409
    Neighborhood/Area: 40
    Subdivision Name: Dunsmoors Rgt Of 2nd Nic Ave A

    Interior

    Bedrooms: 3
    Bathrooms: 2
    Finished Area: 2,054 ft2
    Living Area: 2,054 ft2
    Refrigerators: Two
    Basement Details:
    • Crawl Space
    • Partial
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 1
    Garage Size: 480 ft2
    Foundation Size: 1,150 ft2
    Fencing: Chain Link, Partial
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Detached Garage
    • Electric
    • Garage Door Opener
    • Gravel
    Shared Amenities:
    • Laundry
    • Porch
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Exterior Material: Frame
    Pool: None
    Roof Details:
    • Age 8 Years or Less
    • Asphalt
    • Pitched

    Rooms

    Shared Rooms: Other
    Laundry:
    • Common Area
    • In Hall

    Lot & Land

    Acres: 0.15
    Geolocation: 44.937417, -93.275703
    Lot Dimensions: 50 x 131
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Medium

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,153
    Annual Maintenance Expense: $1,200
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,350
    Tenant Expenses: Cable TV, Fuel

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,687
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,687

    Income

    Annual Gross Income: $29,340

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

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    Local Home Mortgage Professionals

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    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
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    Listing provided by RMLS, courtesy of Bridge Realty, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.