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$499,700  (list price)
$498,200
/mo Edit
Multi-family:  Duplex Up and Down
Built 1904
3,834 sqft0.12 acres
Minneapolis schools
MLS# 5653133
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    Property Description

    Now Fully Leased!! 12 month agreement from Oct 2020-Sept 2021 at $5, 000/month. Tenant pays ALL utilities and upkeep! Amazing opportunity to own a HUGE 9 bed, 3 bath duplex in SE Minneapolis 1.2 miles from the U of M. The property has gone through an extensive remodel in the last year including new windows, exterior and interior paint, new kitchens With stainless steel appliances and quartz countertops, new bathrooms, refinished hardwood floors and new mechanicals. The 3rd floor has a wet bar and hookup for a stove done, so every floor can have it's own kitchen and bathroom. Huge bedroom sizes! This duplex is turn key, leased, and ready for you to cash flow!

    Listing

    Contingency: None
    Price per sq ft: $130
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55414
    Neighborhood/Area: Como

    Interior

    Living Area: 3,834 ft2
    Above Ground Living: 3,834 ft2
    Basement Details:
    • Block
    • Concrete
    • Shared Access
    • Storage Space
    • Unfinished

    Exterior

    Garage Spaces: 2
    Heating System:
    • Forced Air
    • Hot Water
    Foundation Size: 1,405 ft2
    Handicap Accessible: None
    Exterior Material: Stucco

    Lot

    Acres: 0.12
    Geolocation: 44.99204900, -93.23115300
    Lot Dimensions: 40 x 131.77
    Dev/Complex Name: Elwells 2nd Add

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $3,300
    Annual Fuel Expense: $2,100
    Annual Insurance Expense: $2,400
    Annual Maintenance Expense: None
    Annual Gross Expense: $9,360
    Annual Trash Expense: $360
    Annual Water/Sewer Expense: $1,200

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $4,500
    Assessment Pending: No
    Taxes w/ Assessments: $4,500

    Income

    Annual Gross Income: $66,000

    Rent

    Unit 1 Monthly Rent: None
    Unit 2 Monthly Rent: $3,667

    Unit

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    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 Realty Group LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.