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Active NEW!
$375,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1910
1,580 sqft • 0.12 acres
Minneapolis schools
MLS# 6705676
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    Property Description

    **Seller is representing themselves** This turn of the century duplex is nestled in the heart of the highly desirable Seward neighborhood of South Minneapolis, just a stoneâ??s throw from the Mississippi River walking and biking paths! It has a newly refinished, move-in ready first floor apartment and fantastic upper apartment tenants of over 9 years. The duplex was owner-occupied for years before being fully rented out, and has enjoyed long term tenants without a single monthâ??s vacancy for over 15 years. With newly replaced utilities, a roof in great shape, and gorgeous hardwood flooring throughout, this unique find offers the comfort of your new home or a safe long-term investment. Donâ??t miss this rare opportunity to live on Minneapolis Ave; a quick walk to the Seward Coop, Darling Cafe, coffee shops and parks. This one will go fast. Schedule a tour today!

    Listing

    Contingency: None
    Price per sq ft: $237
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55406
    Neighborhood/Area: Seward
    Subdivision Name: Riverside Blvd Add

    Interior

    Living Area: 1,580 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Drainage System
    • Storage Space
    • Sump Pump
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 600 ft2
    Foundation Size: 800 ft2
    Fencing: Chain Link, Full, Wood
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Detached
    • Garage Door Opener
    • More Parking Onsite for Fee
    Shared Amenities:
    • Deck
    • Laundry
    • Porch
    Road Frontage: City Street
    Exterior Material: Wood Siding
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lot & Land

    Acres: 0.12
    Geolocation: 44.959449, -93.222391
    Lot Dimensions: 5, 227
    Zoning: Residential-Multi-Family
    Lot Description:
    • Many Trees
    • Public Transit (w/in 6 blks)

    Farm

    Topography: Level

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,200
    Annual Fuel Expense: $1,200
    Annual Insurance Expense: $2,200
    Annual Maintenance Expense: $250
    Annual Gross Expense: $6,803
    Annual Trash Expense: $960
    Annual Water/Sewer Expense: $493
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $6,014
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,014

    Income

    Annual Gross Income: $28,800

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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