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$454,900  (list price)
$460,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1923
2,957 sqft0.08 acres
Minneapolis schools
MLS# 5649167
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    Property Description

    Gorgeous Kingfield duplex. Original wood work has been restored. 2 bed units with updated kitchens, updated bathrooms, new boiler, new water heater, updated electric (separate meters) updated plumbing and more. Home has original charm with glass knobs, stained and leaded glass, 6 panel solid doors. Walls have been redone, fresh paint, new carpet, stucco restored, new fence, private yard, huge deck and two car garage. Third level has been finished to be a master bed with vaulted ceilings and room for a bathroom. Very solid home, owner always lived here. This duplex has tons of options with a fully finished basement with three extra rooms, third level can also be used independently, so many options here.

    Listing

    Contingency: None
    Price per sq ft: $154
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55409
    Neighborhood/Area: King Field

    Interior

    Living Area: 2,957 ft2
    Above Ground Living: 2,073 ft2
    Below Ground Living: 884 ft2
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details:
    • Finished
    • Full
    • Shared Access
    • Storage Space

    Exterior

    Garage Spaces: 2
    Heating System: Hot Water
    Foundation Size: 884 ft2
    Fencing: Wood
    Handicap Accessible: None
    Shared Amenities: Deck
    Road Frontage: City Street
    Exterior Material: Stucco
    Roof Details:
    • Age Over 8 Years
    • Asphalt
    • Flat
    • Rubber

    Lot

    Acres: 0.08
    Geolocation: 44.93118500, -93.27944000
    Construction Status: Previously Owned
    Lot Dimensions: 40 x 89
    Dev/Complex Name: Van Nests Add
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Heavy

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $600
    Annual Fuel Expense: $1,200
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Repair Expense: None
    Annual Gross Expense: None
    Total Annual Expenses: None
    Annual Trash Expense: $1,320
    Annual Water/Sewer Expense: None
    Owner Expenses: Taxes, Water/Sewer, Trash, Snow, Lawn, Percentage Rent
    Tenant Expenses: Electricity, Fuel, Percent Rent, Cable TV

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $4,985
    Assessment Pending: No
    Taxes w/ Assessments: $4,985

    Income

    Annual Gross Income: None

    Rent

    Unit 1 Monthly Rent: $1,500
    Unit 2 Monthly Rent: $1,200

    Unit

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Homestead: Yes
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    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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    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.