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Sold
$789,000  (list price)
$720,000
/mo   Edit
Multi-family:  Duplex Up and Down
Built 1950
3,020 sqft
Minneapolis schools
MLS# 6011998
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    Description:   Exceptional duplex property in stunning condition! Both units currently leased - first floor, unit 1, is 2BR/1BA, is leased through July 31, 2022 with rent at $1, 800/mo. Second floor, unit 2, is 3BR/1BA, is leased through September 30, 2021, rented at $1, 875/mo. Separate utilities, newer central air.
    List Price: $789,000
    Sold Price: $720,000
    Sold Date: 08/18/2021
    Price per sqft: $261
    Property Type: Multi-family
    Listing Status: Sold
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1950
    Neighborhood/Area: Kenwood
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55405

    Interior

    Fin Sq Ft / Living Area: 3,020 sqft
    Above Ground Living: 2,684 sqft
    Below Ground Living: 336 sqft
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details: Full, Finished

    Exterior

    Heating System: Forced Air
    Foundation Size: 1,344 sqft
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Stucco
    Garage Spaces: 2
    Level Size Sq Ft
    Unit 1 Dining Room   
    Level Size Sq Ft
    Unit 2 Dining Room   

    Lot

    Acres: 0.16
    Lot Description: Tree Coverage - Light
    Latitude: 44.96102400
    Longitude: -93.31268600
    Lot Size Dim.: 60x139x50x122
    Dev/Complex Name: Kenwood

    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: $1,893
    Annual Maintenance Expense: $2,408
    Annual Gross Expense: $5,815
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,800
    Tenant Expenses: Electricity, Fuel, Cable TV

    Financial & Taxes

    Tax Year: 2021
    Annual Taxes: $9,690
    Assessment Pending: No
    Taxes w/ Assessments: $9,690

    Income

    Annual Gross Income: $44,100
    Misc. Annual Income: None
    Misc. Monthly Income: None

    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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    Local Home Mortgage Professionals

    Jeff
    Zajac
    Truestone
    Justin
    Larson
    Movement
    Jeff Zajac
    Area Sales Manager
    Truestone Home Mortgage
    NMLS#373627
    Jeff Zajac joined the Truestone Home Mortgage 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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