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Active
Listed
$410,000
/mo   Edit
MLS# 5663478
Multi-family
Built 1900
1,670 fin sqft
Minneapolis schools
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    Description:   Agent Remarks Development Opportunity for savoy investor. 2922 is being sold as a package with the lot that adjoins to the north 2916. Total price for both is $580, 000. The two lots total 80 x 123 and would allow for redevelopment with possibly no parking spots required by the city to maximize lot coverage use, because of the proximity to Lake Street and the Greenway. Duplex is in reasonably decent shape. Lower level furnace has been recently updated. There is a modern block foundation under the main structure from the 1960's, Extensive wiring, plumbing, drywall replacement and insulation done over the last 20 years as well. Duplex is occupied with mo to mo leases and currently has below market rent for the Whittier Neighborhood. The oversized garage has great ceiling height and an office area. Driveway access is to the allyAgents to verify all info. Buyers must be pre qualified for package purchase before any showings.
    List Price: $410,000
    Price/sq ft: $246
    Property Type: Multi-family
    Listing Status: Active
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1900
    Neighborhood/Area: Whittier
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55408

    Interior

    Fin Sq Ft / Living Area: 1,670 ft²
    Above Ground Living: 1,670 ft²
    Below Ground Living: 0 ft²
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details: Partial, Block, Unfinished, Single Tenant Access

    Exterior

    Heating System: Forced Air
    Foundation Size: 884 ft²
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Stucco
    Garage Spaces: 3
    Roof Details: Asphalt

    Lot

    Acres: 0.11
    Lot Description: Additional Land Available, Public Transit (w/in 6 blks)
    Latitude: 44.94953800
    Longitude: -93.28340300
    Lot Size Dim.: 40x 123
    Dev/Complex Name: Excelsior Add
    Zoning: Business/Commercial, Industrial

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

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $5,039
    Assessment Pending: Unknown
    Taxes w/ Assessments: $5,453

    Income

    Annual Gross Income: $21,120

    Rent

    Unit 1 Monthly Rent: $900
    Unit 2 Monthly Rent: $860

    Unit

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Jeff Zajac
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    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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