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$425,000  (list price)
$425,000
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Multi-family:  Duplex Up and Down
Built 1922
2,106 sqft0.18 acres
Minneapolis schools
MLS# 5658701
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    Property Description

    Check out this turnkey duplex in the heart of NE Mpls! Beautifully updated over recent years, this property features newer siding, a newer roof, newer mechanicals and a concrete driveway. The tenants here are great, and also take care of all snow and lawn care so minimal management is required! A Perfect fit for your portfolio whether you're a seasoned investor or a beginner. This would be great for an owner occupant as well!

    Listing

    Contingency: None
    Price per sq ft: $202
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55418
    Neighborhood/Area: Holland

    Interior

    Living Area: 2,106 ft2
    Above Ground Living: 2,106 ft2
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details:
    • Finished
    • Full

    Exterior

    Garage Spaces: 2
    Heating System:
    • Baseboard
    • Boiler
    • Forced Air
    Foundation Size: 1,280 ft2
    Handicap Accessible: None
    Road Frontage: City Street
    Exterior Material: Vinyl Siding
    Roof Details:
    • Age 8 Years or Less
    • Asphalt
    • Pitched
    Upper Level Size Sq Ft
    Unit 2 Bedroom 1  11 x 10  110 
    Unit 2 Bedroom 2  11 x 10  110 
    Unit 2 Dining Room  12 x 10  120 
    Unit 2 Kitchen  11 x 10  110 
    Unit 2 Living Room  13 x 11  143 
    Main Level Size Sq Ft
    Unit 1 Bedroom 1  13 x 11  143 
    Unit 1 Bedroom 2  11 x 9  99 
    Unit 1 Bedroom 3  18 x 8  144 
    Unit 1 Dining Room  15 x 11  165 
    Unit 1 Kitchen  11 x 10  110 
    Unit 1 Living Room  16 x 11  176 
    Basement Level Size Sq Ft
    Unit 1 Family Room  —  — 

    Lot

    Acres: 0.18
    Geolocation: 45.01242700, -93.25060000
    Lot Dimensions: 43 x 182
    Dev/Complex Name: East Side Add
    Zoning:
    • Residential-Multi-Family
    • Residential-Single Family
    Lot Description: 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: $1,400
    Annual Maintenance Expense: $1,040
    Annual Gross Expense: $9,500
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,650
    Tenant Expenses: Electricity, Fuel, Snow Removal, Grounds Care

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $5,392
    Assessment Pending: No
    Taxes w/ Assessments: $5,392

    Income

    Annual Gross Income: $33,060

    Unit

    Total Units: 2

    Miscellaneous

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

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    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 RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.