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$775,000  (list price)
$750,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1909
4,700 sqft0.15 acres
Minneapolis schools
MLS# 6027172
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    Property Description

    Exceptional 4, 500 SF Lowry Hill duplex with NEW $100K finished 3RD story! Stately building with double front porches, fenced landscaped yard + 2 car garage with EV charging. HUGE 4BR 2BA 2, 900 SF 2 level upper unit & 1, 750 SF 3BR 1BA main level unit! Both have beautiful maple floors, 9 FT flat ceilings, ornate fireplaces, 6 panel doors, arched doorways, woodwork, built-ins, storage & more. The large upper unit has a remodeled kitchen with quartz countertops + stainless appliances (gas range). Incredible NEW finished 3rd story with open vaulted spaces, living room, big bedroom, office, central air, bath + modern tiled walk-in shower. Clean 1, 750 SF lower level used for laundry & storage offers valuable finishing potential. Great for owner occupants or investors with separate utilities to each unit + newer boilers. Perfect highly walkable location with most every amenity you need nearby. This rare property has been well cared for with only 2 owners in the past 65 years - do not miss it!

    Listing

    Contingency: None
    Price per sq ft: $165
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55403
    Neighborhood/Area: Lowry Hill

    Interior

    Living Area: 4,700 ft2
    Above Ground Living: 4,700 ft2
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details:
    • Daylight/Lookout Windows
    • Full

    Exterior

    Garage Spaces: 2
    Heating System:
    • Boiler
    • Hot Water
    Foundation Size: 1,756 ft2
    Fencing: Wood
    Handicap Accessible: None
    Road Frontage:
    • City Street
    • Sidewalks
    Exterior Material: Stucco
    Roof Details:
    • Age Over 8 Years
    • Asphalt
    • Pitched

    Lot

    Acres: 0.15
    Geolocation: 44.96331462, -93.29270069
    Lot Dimensions: 50X 135
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Medium

    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: $3,000
    Annual Maintenance Expense: None
    Annual Gross Expense: $4,920
    Annual Trash Expense: $720
    Annual Water/Sewer Expense: $1,200
    Tenant Expenses: Cable TV, Electricity, Fuel

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $8,790
    Assessment Pending: No
    Taxes w/ Assessments: $8,790

    Income

    Annual Gross Income: $62,400

    Unit

    Total Units: 2

    Miscellaneous

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

    Mortgage Calculator

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    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 Dwell Realty Partners, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.