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For Sale:  Minneapolis MLS# 6650441

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Active NEW!
$849,900
/mo Edit
Multi-family:  Duplex Up and Down
Built 1906
3,276 sqft • 0.2 acres
Minneapolis schools
MLS# 6650441
763-576-8286
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    Property Description

    Fantastic Investor Opportunity in NE Minneapolis! This duplex offers incredible potential, featuring 2 existing units with the option to convert into 4 units. The buyer would need to bring the property into city code and compliance to make the conversion. The property boasts a brand-new 2-car garage and is situated on a spacious corner lot. Unit 1 includes the main level and basement, both equipped with kitchens and bathrooms, plus a laundry room on the main level. Unit 2 spans the third floor and attic, with each level also featuring a kitchen and bathroom. Donâ??t miss this chance to live in one unit while generating income from the others or add this property to your investment portfolio! Schedule your tour TODAY!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $849,900
    Price per sq ft: $259
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1906
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55418
    Neighborhood/Area: Holland
    Subdivision Name: Lennon & Newells Add To St Anthony

    Interior

    Finished Area: 3,276 ft2
    Living Area: 3,276 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Egress Window(s)
    • Finished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 2
    Foundation Size: 1,092 ft2
    Fencing: Chain Link
    Handicap Accessible: None
    Heating System: Hot Water
    Parking Features: Detached
    Road Frontage: City Street
    Exterior Material:
    • Brick/Stone
    • Other
    Roof Details: Age 8 Years or Less

    Lot & Land

    Acres: 0.2
    Geolocation: 45.012413, -93.26122
    Lot Dimensions: 55 x 124 x 55 x 35
    Zoning:
    • Residential-Multi-Family
    • Residential-Single Family
    Lot Description: Corner Lot

    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: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Percent Rent

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $7,583
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $7,583

    Income

    Annual Gross Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    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 the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    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.
    It would be our pleasure to assist you with your home purchase!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    Listing provided by RMLS, courtesy of National Realty Guild.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.