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For Sale:  Minneapolis MLS# 6725625

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Active
$359,900
/mo Edit
Multi-family:  Duplex Side by Side
Built 1962
2,506 sqft • 0.12 acres
Minneapolis schools
MLS# 6725625
763-576-8286
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    Property Description

    Sale fell through due to some water in the SE corner of 1053 side basement. New gutters were added, new grading/landscaping, new wall finishes and plank flooring were completed. This side-by-side duplex in the Como neighborhood features two units, each with 2 bedrooms, a full bathroom, plus a family room in the lower level. Tenants are using the living room as the 3rd bedroom and the lower level as their family/living room. Each unit has its own laundry facilities and utilities. The property offers four off-street parking spaces, including two in an oversized detached garage. The fenced backyard includes a deck, providing a great outdoor space. Located close to the University of Minnesota, this duplex is ideal for student housing! Add it to your investment portfolio! Previous transaction was an off-market sale and sight unseen. Buyer did not do an inspection and canceled at end of contingency. Tenants are using the living room as a legal 3rd bedroom and their living room is in the basement. Each unit gets a garage stall and a surface parking spot that is located on either side of the 2-car garage.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $359,900
    Price per sq ft: $144
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1962
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55414
    Neighborhood/Area: Como
    Subdivision Name: Elwells 2nd Add

    Interior

    Finished Area: 2,506 ft2
    Living Area: 2,506 ft2
    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Basement Details:
    • Block
    • Full
    • Partially Finished

    Exterior

    Stories: One
    Garage Spaces: 2
    Garage Size: 440 ft2
    Foundation Size: 1,556 ft2
    Fencing: Privacy, Wood
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Assigned
    • Detached
    Shared Amenities: Deck
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    Exterior Material:
    • Brick/Stone
    • Stucco
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 0.12
    Geolocation: 44.989413, -93.234958
    Lot Dimensions: 40 x 125
    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: $1,375
    Annual Maintenance Expense: None
    Annual Gross Expense: $6,325
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,450
    Tenant Expenses: Cable TV, Electricity, Gas, Grounds Care, Snow Removal

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,855
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,855

    Income

    Annual Gross Income: $41,880

    Units

    Total Units: 2

    Miscellaneous

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

    Mortgage Calculator

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    Payment:  /mo

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