For Sale: Minneapolis MLS# 6529394
Active Contingent
$365,000
Multi-family: Duplex Up and Down
Built 1900
2,813 sqft•0.09 acres
Minneapolis schools
MLS# 6529394
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Property Description
Explore the potential of this charming property, offering a modest yet promising
opportunity for an owner investor or investor seeking to grow their portfolio. With its desirable floorplan and practical layout, this home presents a solid foundation
for generating consistent returns and long-term value. Step inside to discover a cozy yet functional living spaces, featuring ample natural light and a layout conducive to
comfortable living. Both Kitchens have been updated and each unit features a 3 bedroom
1 bathroom with the upper level offering a 3rd floor dormer space. Both units have their own laundry. Outside, the property boasts a manageable yard ideal for low-maintenance landscaping and outdoor enjoyment. The outdoor space offers potential for future enhancements or simple relaxation and the upper unit has its own private deck. Situated in a convenient location with access to essential amenities and transportation options, this property represents a sensible invest.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$365,000
Price per sq ft:
$130
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55407
Neighborhood/Area:
East Phillips
Interior
Finished Area:
2,813 ft2
Living Area:
2,813 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
440 ft2
Foundation Size:
1,200 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Hot Water
Parking Features:
Detached
Road Frontage:
City Street
Exterior Material:
Stucco
Lot & Land
Acres:
0.09
Geolocation:
44.955026, -93.250299
Lot Dimensions:
3 x 123
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Maintenance Expense:
$2,989
Annual Gross Expense:
$14,132
Annual Trash Expense:
$989
Annual Water/Sewer Expense:
$1,963
Tenant Expenses:
Cable TV, Electricity, Fuel, Grounds Care, Snow Removal
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$5,191
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,191
Income
Annual Gross Income:
$38,400
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
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This amortization schedule shows how much of your monthly payment will go towards the principle and how
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| Year | Principal | Interest | P&I | Balance |
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.
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!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.