Sold: Minneapolis MLS# 5661091
Sold
$425,000 (list price)
$400,000
Multi-family: Apartments
Built 1950
2,800 sqft•0.11 acres
Minneapolis schools
MLS# 5661091
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Property Description
Fantastic mixed use opportunity on Minnehaha Ave. Well trafficked and visible. Currently, yoga studio on one side + chiropractor on other. 2 apartments up. 1 is currently rented + other vacant only due to owner selling status. Lots of space in basement to utilize. 4 new boilers in the last few years.DBL car garage + patio too.
Check out the Dollhouse virtual tour!
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$425,000
Sold Price:
$400,000
Sold Date:
02/08/2021
Price per sq ft:
$152
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1950
State:
MN
Property Style:
Apartments
Zip Code:
55406
Neighborhood/Area:
Hiawatha
Interior
Finished Area:
2,800 ft2
Living Area:
2,800 ft2
Above Ground Living:
2,800 ft2
Total Ranges:
Two
Total Refrigerators:
Two
Basement Details:
- Owner Access
- Partially Finished
- Walkout
Exterior
Garage Spaces:
1
Heating System:
- Boiler
- Hot Water
Foundation Size:
1,400 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Shared Amenities:
Patio
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Flat
- Tar/Gravel
Lot
Acres:
0.11
Geolocation:
44.92764900, -93.21869400
Lot Dimensions:
120 x 40
Dev/Complex Name:
Smith & Howes 1st Add
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
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:
$1,900
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$300
Tenant Expenses:
Electricity, Janitorial Service
Financial & Taxes
Tax Year:
2020
Annual Taxes:
$7,691
Assessment Pending:
Unknown
Taxes w/ Assessments:
$7,691
Income
Annual Gross Income:
$8,780
Rent
Unit 1 Monthly Rent:
$505
Unit
Total Units:
4
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 RE/MAX Advantage Plus.
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.