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For Sale:  Minneapolis MLS# 6603078

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Active NEW!
$395,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1900
2,086 sqft • 0.11 acres
Minneapolis schools
MLS# 6603078
763-498-2150
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    Property Description

    Wonderful opportunity for an Owner Occupant or Investor to own this up and down Duplex. Property is well maintained, low maintenance, easy to rent, and conveniently located in Northeast Minneapolis Beltrami Neighborhood. Right off I-35W, just a short 5 min drive to many amenities and sites including the U of M campus, Downtown Minneapolis, Mississippi River, and Quarry shopping center. The property has 2 large, sunny units that have been fully updated with tile bathrooms, newer cabinets, granite countertops, vinyl windows and refinished original hardwood floors. The units are freshly painted exterior and interior in 2024. New Plumbing, Electrical, and Mechanicals (new boiler) in 2015. New water heaters in 2020 and 2024.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $395,000
    Price per sq ft: $189
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55413
    Neighborhood/Area: Beltrami
    Subdivision Name: Ramsey Lockwood & Others Add St Anth

    Interior

    Finished Area: 2,086 ft2
    Living Area: 2,086 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Block
    • Concrete

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 24x21
    Garage Size: 504 ft2
    Foundation Size: 900 ft2
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Boiler
    • Radiant
    • Radiator(s)
    • Space Heater
    Parking Features:
    • Detached
    • Garage Door Opener
    Shared Amenities:
    • Deck
    • Porch
    Exterior Material:
    • Aluminum Siding
    • Stucco
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lot & Land

    Acres: 0.11
    Geolocation: 44.992282, -93.239319
    Lot Dimensions: 39 x 124

    Schools

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

    Expenses

    Annual Insurance Expense: $1,822
    Annual Maintenance Expense: $500
    Annual Gross Expense: $1,200
    Annual Trash Expense: $960
    Annual Water/Sewer Expense: $1,150
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $6,607
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,607

    Income

    Annual Gross Income: $39,300

    Units

    Total Units: 2

    Miscellaneous

    Fuel System:
    • Electric
    • Natural Gas
    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 Bridge Realty, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.