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Active
$739,000
/mo   Edit
Multi-family:  Duplex Up and Down
Built 1913
3,050 sqft
Minneapolis schools
MLS# 6029986
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    Description:   Agent to independently verify all measurements. Please do not disturb residents. 24-hour notice required for all showings. The Cap rate is 5.9%.
    List Price: $739,000
    Price per sqft: $242
    Property Type: Multi-family
    Listing Status: Active
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1913
    Neighborhood/Area: East Isles
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55408

    Interior

    Fin Sq Ft / Living Area: 3,050 sqft
    Above Ground Living: 3,050 sqft
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details: Full, Daylight/Lookout Windows, Unfinished, Storage Space, Shared Access, Owner Access

    Exterior

    Heating System: Hot Water, Boiler
    Foundation Size: 2,646 sqft
    Shared Amenities: Deck, Patio, Porch
    Fencing: Wood
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Vinyl Siding
    Garage Spaces: 0
    Roof Details: Asphalt

    Rooms

    Shared Rooms: Other
    Upper Level Size Sq Ft
    Unit 2 Bedroom 1  10 x 10  100 
    Unit 2 Bedroom 2  9 x 9  81 
    Unit 2 Dining Room  8 x 9  72 
    Unit 2 Extra Room 1  12 x 20  240 
    Unit 2 Extra Room 3  6 x 8  48 
    Unit 2 Kitchen  9 x 17  153 
    Unit 2 Living Room  12 x 22  264 
    Level Size Sq Ft
    Unit 1 Family Room   
    Third Level Size Sq Ft
    Unit 2 Bedroom 3  9 x 9  81 
    Unit 2 Bedroom 4  9 x 9  81 
    Unit 2 Extra Room 2  12 x 28  336 
    Level Size Sq Ft
    Unit 2 Family Room   
    Main Level Size Sq Ft
    Unit 1 Bedroom 1  10 x 10  100 
    Unit 1 Bedroom 2  10 x 9  90 
    Unit 1 Dining Room  7 x 9  63 
    Unit 1 Extra Room 1  14 x 20  280 
    Unit 1 Kitchen  11 x 17  187 
    Unit 1 Living Room  10 x 14  140 
    Basement Level Size Sq Ft
    Unit 1 Extra Room 2  20 x 45  900 
    Unit 2 Extra Room 4  20 x 45  900 

    Lot

    Acres: 0
    Lot Description: Public Transit (w/in 6 blks), Tree Coverage - Medium
    Latitude: 44.94890900
    Longitude: -93.30182000
    Lot Size Dim.: 41'x90'
    Dev/Complex Name: Deans Add
    Zoning: Residential-Multi-Family, Business/Commercial

    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: $1,700
    Annual Maintenance Expense: $1,200
    Annual Gross Expense: $4,500
    Annual Trash Expense: $800
    Annual Water/Sewer Expense: $400
    Tenant Expenses: Electricity, Fuel, Cable TV

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $7,667
    Assessment Pending: No
    Taxes w/ Assessments: $7,667

    Income

    Annual Gross Income: $47,880

    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

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    Truestone
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    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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