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$340,000  (list price)
$335,000
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Multi-family:  Duplex Side by Side
Built 1963
2,084 sqft0.13 acres
Minneapolis schools
MLS# 5688590
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    Property Description

    This duplex has great bones (Both Furnaces, A/Cs, and water heaters replaced in 2018! Plus Roof 2015.) and solid cash flow! (Rents=$30, 000 annual income.) Current tenants have signed thru at least Sept. 30th 2021. MAC improvements included windows, storm doors, insulation/sound proofing & duct work. 2 car garage plus bonus carport. Plenty of storage/potential more fin sq ft in the lower levels. Current owner has owned since 2002 and has had the same renter on the 5754 side since day one.

    Listing

    Contingency: None
    Price per sq ft: $163
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55417
    Neighborhood/Area: Morris Park

    Interior

    Living Area: 2,084 ft2
    Above Ground Living: 1,784 ft2
    Below Ground Living: 300 ft2
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details:
    • Egress Window(s)
    • Full
    • Partially Finished

    Exterior

    Garage Spaces: 2
    Heating System: Forced Air
    Foundation Size: 1,784 ft2
    Handicap Accessible: None
    Road Frontage: City Street
    Exterior Material:
    • Brick/Stone
    • Stucco
    Roof Details: Asphalt
    Level Size Sq Ft
    Unit 1 Dining Room  —  — 
    Level Size Sq Ft
    Unit 2 Dining Room  —  — 
    Main Level Size Sq Ft
    Unit 1 Bedroom 1  12 x 9  108 
    Unit 1 Bedroom 2  11 x 9  99 
    Unit 1 Kitchen  15 x 8  120 
    Unit 1 Living Room  15 x 13  195 
    Unit 2 Bedroom 1  15 x 8  120 
    Unit 2 Bedroom 2  11 x 9  99 
    Unit 2 Kitchen  15 x 8  120 
    Unit 2 Living Room  15 x 13  195 
    Lower Level Size Sq Ft
    Unit 1 Family Room  25 x 14  350 

    Lot

    Acres: 0.13
    Geolocation: 44.89839000, -93.22204600
    Lot Dimensions: 44 x 127
    Dev/Complex Name: Cummings Park View
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    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

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $3,986
    Assessment Pending: Unknown
    Taxes w/ Assessments: $3,986

    Income

    Annual Gross Income: $30,000

    Unit

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    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!

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    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.