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Active Contingent
Listed
$369,900
/mo   Edit
MLS# 5246019
2824 Garfield Avenue
Minneapolis, MN 55408
Multi-family    Duplex Up and Down
Built 1900
1,832 fin sqft    0.11 acres
Minneapolis schools
Info: 612-309-0884
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    Description:   Fully-leased, charming and cute yet spacious Duplex with many modern updates in the heart of Whitter and Uptown, just steps from the Greenway. Beautiful original hardwood floors in all rooms and new Luxury Vinyl planking in upstairs bathroom and kitchen as well as downstairs bathroom. Two porches in the upper unit and one off the main floor apartment that are not part of the square footage. Upper unit lease through July, 2020 includes 2 surface parking spots, Main level unit lease through June, 2020 includes 2 surface parking spots. 5th parking spot rented to a neighbor for $45/month. Lots of updates including two new windows, new gutters, new laundry in basement, removed knob & tube wiring - all new electrical, flooring, updated bathrooms, paint, wall restoration and more. Don't miss the community garden across the street All measurements are approximate.
    List Price: $369,900
    Price/sq ft: $202
    Property Type: Multi-family
    Listing Status: Active Contingent
    Contingency: Inspection
    Property Style: Duplex Up and Down
    Year Built: 1900
    Neighborhood/Area: Whittier
    City: Minneapolis
    Zip Code: 55408

    Interior

    Fin Sq Ft / Living Area: 1,832 ft²
    Above Ground Living: 1,832 ft²
    Below Ground Living: 0 ft²
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details: Full, Poured Concrete

    Exterior

    Heating System: Forced Air, Hot Water
    Foundation Size: 932 ft²
    Fencing: Chain Link
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Wood
    Garage Spaces: 0
    Roof Details: Asphalt Shingles

    Lot

    Acres: 0.11
    Construction Status: Previously Owned
    Lot Description: Tree Coverage - Light, City Bus (w/in 6 blks)
    Latitude: 44.95111400
    Longitude: -93.28714700
    Lot Size Dim.: 40x118
    Dev/Complex Name: Whittier
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,100
    Annual Fuel Expense: $1,440
    Annual Insurance Expense: $1,400
    Annual Maintenance Expense: $1,200
    Annual Repair Expense: $800
    Annual Gross Expense: $9,396
    Total Annual Expenses: $9,396
    Annual Trash Expense: $500
    Annual Water/Sewer Expense: $1,000
    Owner Expenses: Taxes, Insurance, Water/Sewer, Maintenance/Repair, Trash
    Tenant Expenses: Electric, Fuel, Snow, Lawn

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $4,995
    Assessment Pending: No
    Taxes w/ Assessments: $4,995

    Income

    Annual Gross Income: 30540.00
    Misc. Annual Income: $540
    Misc. Monthly Income: $45

    Rent

    Unit 1 Monthly Rent: $1,350
    Unit 2 Monthly Rent: $1,150

    Unit

    Total Units: 2

    Miscellaneous

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

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    Listing provided by RMLS, courtesy of Coldwell Banker Burnet