Sold: Minneapolis MLS# 5659968
Sold
$499,900 (list price)
$496,000
Multi-family: Duplex Side by Side
Built 1928
2,843 sqft
Minneapolis schools
MLS# 5659968
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Property 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!
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$499,900
Sold Price:
$496,000
Sold Date:
01/04/2021
Price per sq ft:
$176
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1928
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55406
Neighborhood/Area:
Longfellow
Interior
Finished Area:
2,843 ft2
Living Area:
2,843 ft2
Above Ground Living:
2,143 ft2
Below Ground Living:
700 ft2
Basement Details:
- Finished
- Full
- Unfinished
Exterior
Garage Spaces:
2
Heating System:
Forced Air
Foundation Size:
1,400 ft2
Fencing:
Wood, Full
Handicap Accessible:
None
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
Age Over 8 Years
| Upper Level | Size | Sq Ft |
|---|---|---|
| Unit 1 Bedroom 2 | — | — |
| Unit 2 Bedroom 2 | — | — |
| Main Level | Size | Sq Ft |
|---|---|---|
| Unit 1 Bedroom 1 | — | — |
| Unit 1 Dining Room | — | — |
| Unit 1 Kitchen | — | — |
| Unit 1 Living Room | — | — |
| Unit 2 Bedroom 1 | — | — |
| Unit 2 Dining Room | — | — |
| Unit 2 Kitchen | — | — |
| Unit 2 Living Room | — | — |
| Lower Level | Size | Sq Ft |
|---|---|---|
| Unit 1 Bedroom 3 | — | — |
| Unit 1 Family Room | — | — |
Lot
Acres:
0
Geolocation:
44.95179114, -93.21947442
Lot Dimensions:
49X128
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
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
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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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 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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.