Sold: Minneapolis MLS# 6610832
Sold
$449,900 (list price)
$450,000
Multi-family: Duplex Up and Down
Built 1917
2,282 sqft • 0.11 acres
Minneapolis schools
MLS# 6610832
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Property Description
Discover this well-maintained duplex, perfect for investors or owner-occupants in the heart of Northeast Minneapolis. This property features two units, one with three bedrooms and the other with two bedrooms plus a large den/office. The three-bedroom unit is currently rented, providing immediate rental income, while the two-bedroom unit is vacant and ready for an owner-occupant.
Both units offer the convenience of in-unit laundry. Both gas and electric utilities are separately metered. The property boasts a detached two-car garage for ample parking and storage. Recent upgrades include a new roof replaced in 2020, a sewer line replacement in 2019, and updated electrical systems in 2019. Several windows were replaced in 2020.
Additionally, the large unfinished basement provides plenty of storage space and potential for future expansion. Situated in a vibrant neighborhood known for its artistic vibe and diverse dining options, this duplex is close to parks, schools, and public transport, ensuring easy access to all that Minneapolis has to offer.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$449,900
Sold Price:
$450,000
Sold Date:
01/15/2025
Price per sq ft:
$197
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1917
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55418
Neighborhood/Area:
Marshall Terrace
Subdivision Name:
East Riverside Add
Interior
Finished Area:
2,282 ft2
Living Area:
2,282 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
7x15
Garage Size:
105 ft2
Foundation Size:
1,092 ft2
Fencing:
Wood
Handicap Accessible:
None
Heating System:
Forced Air
Exterior Material:
Stucco
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.11
Geolocation:
45.018033, -93.269275
Lot Dimensions:
40 x 119
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:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,470
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,470
Income
Annual Gross Income:
$44,400
Misc. Annual Income:
None
Misc. Monthly Income:
None
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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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 Bridge Realty, LLC.
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.