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Sold
Sold
$499,900  (list price)
$496,000
/mo   Edit
MLS# 5659968
Multi-family
Built 1928
2,843 fin sqft
Minneapolis schools
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    Description:   Located in the high demand Longfellow neighborhood across from a park, this one and a half story duplex offers 3 bedrooms, 2 baths with a finished basement on one side, with 2 bedrooms, 1 bath on the other.  Fully updated and turn-key, including the kitchens, baths, new LVP flooring, and carpets. Both sides have been consistently rented, and been a great income producing property at $2, 075 for the 3 BR unit, and $1, 600 for the 2 BR unit.  The 3 bedroom unit is available now, while the 2 bedroom unit is leased through July 2021. Live in one side or rent out both units for a great income opportunity!
    List Price: $499,900
    Sold Price: $496,000
    Sold Date: 01/04/2021
    Price/sq ft: $176
    Property Type: Multi-family
    Listing Status: Sold
    Contingency: None
    Property Style: Duplex Side by Side
    Year Built: 1928
    Neighborhood/Area: Longfellow
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55406

    Interior

    Fin Sq Ft / Living Area: 2,843 ft²
    Above Ground Living: 2,143 ft²
    Below Ground Living: 700 ft²
    Basement Details: Full, Finished, Unfinished

    Exterior

    Heating System: Forced Air
    Foundation Size: 1,400 ft²
    Fencing: Wood, Full
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Stucco
    Garage Spaces: 2
    Roof Details: Age Over 8 Years

    Lot

    Acres: 0
    Lot Description: Tree Coverage - Light, Public Transit (w/in 6 blks)
    Latitude: 44.95179114
    Longitude: -93.21947442
    Lot Size Dim.: 49X128

    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: $2,502
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Fuel, Electricity, Cable TV

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $6,937
    Assessment Pending: No
    Taxes w/ Assessments: $6,937

    Income

    Annual Gross Income: $44,100
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Unit 1 Monthly Rent: $2,075
    Unit 2 Monthly Rent: $1,600

    Unit

    Total Units: 2

    Miscellaneous

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

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    Get to know our Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jeff
    Zajac
    TruStone
    Jason
    Roaldson
    CrossCountry
    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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    Listing provided by RMLS, courtesy of Lakes Sotheby's International Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.