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Sold
$775,000  (list price)
$750,000
/mo   Edit
Multi-family:  Duplex Up and Down
Built 1909
4,700 sqft
Minneapolis schools
MLS# 6027172
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    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!
    List Price: $775,000
    Sold Price: $750,000
    Sold Date: 09/17/2021
    Price per sqft: $165
    Property Type: Multi-family
    Listing Status: Sold
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1909
    Neighborhood/Area: Lowry Hill
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55403

    Interior

    Fin Sq Ft / Living Area: 4,700 sqft
    Above Ground Living: 4,700 sqft
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details: Full, Daylight/Lookout Windows

    Exterior

    Heating System: Hot Water, Boiler
    Foundation Size: 1,756 sqft
    Fencing: Wood
    Road Frontage: City Street, Sidewalks
    Handicap Accessible: None
    Exterior Material: Stucco
    Garage Spaces: 2
    Roof Details: Asphalt, Pitched, Age Over 8 Years
    Upper Level Size Sq Ft
    Unit 2 Bedroom 1  14 x 11  154 
    Unit 2 Bedroom 2  14 x 11  154 
    Unit 2 Bedroom 3  13 x 10  130 
    Unit 2 Dining Room  15 x 11  165 
    Unit 2 Extra Room 1  12 x 8  96 
    Unit 2 Family Room   
    Unit 2 Kitchen  10 x 10  100 
    Unit 2 Living Room  18 x 16  288 
    Third Level Size Sq Ft
    Unit 2 Bedroom 4  15 x 17  255 
    Unit 2 Extra Room 2  15 x 25  375 
    Main Level Size Sq Ft
    Unit 1 Bedroom 1  14 x 11  154 
    Unit 1 Bedroom 2  14 x 11  154 
    Unit 1 Bedroom 3  13 x 10  130 
    Unit 1 Dining Room  15 x 11  165 
    Unit 1 Extra Room 1  11 x 8  88 
    Unit 1 Extra Room 2  5 x 4  20 
    Unit 1 Extra Room 3  23 x 7  161 
    Unit 1 Kitchen  10 x 10  100 
    Unit 1 Living Room  18 x 16  288 

    Lot

    Acres: 0.15
    Lot Description: Public Transit (w/in 6 blks), Tree Coverage - Medium
    Latitude: 44.96331462
    Longitude: -93.29270069
    Lot Size Dim.: 50X 135
    Zoning: Residential-Multi-Family

    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: Electricity, Fuel, Cable TV

    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

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    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.
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