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$450,000  (list price)
$475,000
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Multi-family:  Apartments
Built 1929
2,924 sqft0.11 acres
Minneapolis schools
MLS# 5676945
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    Property Description

    Charming 4-unit apartment building with 2 car detached garage. All units are currently rented with long-term tenants. All units are one bedroom units with identical layouts. All units feature hardwood floors throughout, a front and back door, spacious living/ dining room spaces, separate sizable kitchen and a nice sized bedroom. Full basement with utilities, laundry, large utility sink and 8 storage lockers. Lot is fully fenced in with a chain link fence. Backyard has tenant maintained garden beds and a detached 2 car garage. Nearly all windows replaced in the last 3 years. Garage and building roof replaced approximately 8 years ago. All leases are currently month-to-month with a 60 day notice required to vacate. I mile to Lake Nokomis. Brand new grocery store opening nearby. Near many amazing amenities, shops, restaurants and parks!

    Listing

    Contingency: None
    Price per sq ft: $154
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Apartments
    Zip Code: 55407
    Neighborhood/Area: Powderhorn Park

    Interior

    Living Area: 2,924 ft2
    Above Ground Living: 2,924 ft2
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details: Full

    Exterior

    Garage Spaces: 2
    Heating System: Hot Water
    Foundation Size: 1,468 ft2
    Fencing: Chain Link, Full
    Handicap Accessible: None
    Road Frontage: City Street
    Exterior Material: Stucco
    Roof Details: Rubber
    Upper Level Size Sq Ft
    Unit 2 Bedroom 1  11 x 10  110 
    Unit 2 Dining Room  11 x 10  110 
    Unit 2 Kitchen  12 x 7  84 
    Unit 2 Living Room  14 x 11  154 
    Main Level Size Sq Ft
    Unit 1 Bedroom 1  11 x 10  110 
    Unit 1 Dining Room  11 x 10  110 
    Unit 1 Kitchen  12 x 7  84 
    Unit 1 Living Room  14 x 11  154 

    Lot

    Acres: 0.11
    Geolocation: 44.93525300, -93.24773800
    Lot Dimensions: 122 x 40
    Dev/Complex Name: Bidlemans Add
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Schools

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

    Expenses

    Annual Caretaker Expense: $300
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $3,696
    Annual Maintenance Expense: $500
    Annual Gross Expense: $15,113
    Annual Trash Expense: $1,800
    Annual Water/Sewer Expense: $1,800
    Tenant Expenses: Electricity, Fuel

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $6,517
    Assessment Pending: Unknown
    Taxes w/ Assessments: $6,517

    Income

    Annual Gross Income: $38,760

    Unit

    Total Units: 4

    Miscellaneous

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

    Mortgage Calculator

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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.
    It would be our pleasure to assist you with your home purchase!

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