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For Sale:  Minneapolis MLS# 6609027

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Active
$525,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1925
2,990 sqft • 0.12 acres
Minneapolis schools
MLS# 6609027
763-576-8286
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    Property Description

    The Cardinal of 1925: a pristine craftsman double bungalow that rests high on the corner lot of Oakland and 42nd. Originality throughout shaker kitchen cabinets, oak hardwoods! natural woodwork, crown molding, original doors and hardware all intact thanks to loving ownership since the 1970s. dining room built-ins in both units. Upper was owner occupied for several years: updated marble top cook's kitchen. Sound building with long term tenancy in both units, newer boilers (2013 & 2016) architectural shingle roof installed in 2013. Opportunity with garden level in-law suite used as business office or flex space by the residents, could be legalized with ADU possible. Lower unit is leased to longer term tenant, upper was vacated for owner occupants. Showings begin after Open house 11-1 Saturday First showings only in upper and garden units . 24 hour notice for main floor. See home highlights.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $525,000
    Price per sq ft: $176
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1925
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55407
    Neighborhood/Area: Bryant
    Subdivision Name: C W Bowens Add

    Interior

    Finished Area: 2,990 ft2
    Living Area: 2,990 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Finished
    • Other
    • Partially Finished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Foundation Size: 1,196 ft2
    Fencing: Full, Privacy, Wood
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • Concrete
    • Detached
    • Garage Door Opener
    Exterior Material: Stucco
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lot & Land

    Acres: 0.12
    Geolocation: 44.927112, -93.265949
    Lot Dimensions: 43 x 116

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Insurance Expense: $2,974
    Annual Gross Expense: $6,142
    Annual Trash Expense: $2,462
    Tenant Expenses: Electricity, Fuel, Gas

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $5,390
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,390

    Income

    Annual Gross Income: $44,100

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    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 Rare Form Properties.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.