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Sold
$699,900  (list price)
$640,000
/mo   Edit
Multi-family:  Duplex Up and Down
Built 1964
2,708 sqft
Minneapolis schools
MLS# 5551905
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    Description:   Great, great location. Only one block from Bde Maka Ska (formerly known as Lake Calhoun) and walk to Uptown restaurants, shops clubs, theater, churches, etc… LARGE duplex 3BRs/2Baths up and 3BR/2Baths down, gas fireplaces in both units. First floor unit has an updated kitchen with granite counter tops and SS appliances and both units have dishwashers. Both units have central air and both units pay their own heat. Huge community, recreational room in the lower level with a bathroom, bar, laundry and abundant storage.
    List Price: $699,900
    Sold Price: $640,000
    Sold Date: 03/18/2021
    Price per sqft: $258
    Property Type: Multi-family
    Listing Status: Sold
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1964
    Neighborhood/Area: ECCO
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55408

    Interior

    Fin Sq Ft / Living Area: 2,708 sqft
    Above Ground Living: 2,508 sqft
    Below Ground Living: 200 sqft
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details: Full, Partially Finished, Block, Storage Space, Shared Access

    Exterior

    Heating System: Hot Water
    Foundation Size: 1,254 sqft
    Shared Amenities: Patio
    Fencing: Wood
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Stucco
    Garage Spaces: 2
    Roof Details: Asphalt, Age Over 8 Years

    Lot

    Acres: 0.13
    Lot Description: Tree Coverage - Medium
    Latitude: 44.94046200
    Longitude: -93.30178100
    Lot Size Dim.: 42x219
    Dev/Complex Name: Calhoun Park
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: $600
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,500
    Annual Maintenance Expense: $1,995
    Annual Gross Expense: None
    Annual Trash Expense: $1,500
    Annual Water/Sewer Expense: $1,500
    Tenant Expenses: Electricity, Fuel

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $15,387
    Assessment Pending: Unknown
    Taxes w/ Assessments: $15,387

    Income

    Annual Gross Income: $52,020

    Rent

    Unit 1 Monthly Rent: $2,130
    Unit 2 Monthly Rent: $2,205

    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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    My goal is to be fair and accurate with anyone who trusts me to handle their financing. I believe that trust is the most important ingredient in the relationship between my client and me, which is why I focus on transparency with my clients so they understand from where all of the numbers in their transactions are derived. When trust is high and stress is low, purchases close on time. My Promise to you is we close on time, every time. We have open communication throughout the process, and I am accountable in all that I do. I am committed to serving you, I am committed to excellence, and I am committed to your 100% satisfaction. I am a 20 year veteran in the financing industry and have worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. I have been fortunate to be a multi-year recipient of the Super Mortgage Professional designation given by the Twin Cities Business Magazine, the Minneapolis/St. Paul Magazine, and the Minnesota Monthly Magazine which are professional publications in my market.
    612.268.1503

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