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$279,500  (list price)
/mo   Edit
MLS# 5247180
Built 1902
1,892 fin sqft
Minneapolis schools
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    Description:   True duplex with each unit having its own central A/C, furnace, gas meter, electric meter, washer and dryer. Basement is also split into separate areas with their own secure entrances for additional storage and separate laundry areas. Garage for unit #2 is a one stall, while unit #1 is a 2-stall garage. Electrical, plumbing, gas lines, HVAC and roof all replaced or updated in 2009. Unit #2 is renting for $900 could rent for $950, Unit #1 did rent for $1175 to long term tenants, should rent for $1300. Unit #1 has 3 legal bedrooms; however, one is a walk thru better suited as office or nursery.
    List Price: $279,500
    Sold Price: $266,000
    Sold Date: 07/26/2019
    Price/sq ft: $148
    Property Type: Multi-family
    Listing Status: Sold
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1902
    Neighborhood/Area: Audubon Park
    City: Minneapolis
    Zip Code: 55418


    Fin Sq Ft / Living Area: 1,892 ft²
    Above Ground Living: 1,892 ft²
    Below Ground Living: 0 ft²
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details: Full


    Heating System: Forced Air
    Foundation Size: 960 ft²
    Fencing: Wood
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Fiber Board
    Garage Spaces: 3
    Roof Details: Asphalt Shingles


    Acres: 0.11
    Construction Status: Previously Owned
    Latitude: 45.02129300
    Longitude: -93.24641400
    Lot Size Dim.: 40X118
    Dev/Complex Name: Chute Bros 1st Add To City Of
    Zoning: Residential-Multi-Family


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


    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $1,231
    Annual Maintenance Expense: None
    Annual Repair Expense: $365
    Annual Gross Expense: $6,816
    Total Annual Expenses: $6,816
    Annual Trash Expense: $659
    Annual Water/Sewer Expense: $659
    Owner Expenses: Snow, Lawn, Trash, Water/Sewer
    Tenant Expenses: Electric, Fuel

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $3,630
    Assessment Pending: No
    Taxes w/ Assessments: $3,630


    Annual Gross Income: 24650.00


    Unit 1 Monthly Rent: $1,300
    Unit 2 Monthly Rent: $900


    Total Units: 2


    Fuel System: Natural Gas
    Homestead: No
    Sewer System: City Sewer - In Street
    Water System: City Water - In Street

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    Get to know our Home Mortgage Professionals

    Jason Roaldson
    Premier Loan Officer
    CrossCountry Mortgage NMLS#308253
    My goal is to be fair and accurate with anyone who trusts me to handle their financing. I believe that trust is the most important ingredient in the relationship between my client and me, which is why I focus on transparency with my clients so they understand from where all of the numbers in their transactions are derived. When trust is high and stress is low, purchases close on time. My Promise to you is we close on time, every time. We have open communication throughout the process, and I am accountable in all that I do. I am committed to serving you, I am committed to excellence, and I am committed to your 100% satisfaction. I am a 20 year veteran in the financing industry and have worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. I have been fortunate to be a multi-year recipient of the Super Mortgage Professional designation given by the Twin Cities Business Magazine, the Minneapolis/St. Paul Magazine, and the Minnesota Monthly Magazine which are professional publications in my market.

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