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$575,000  (list price)
$575,000
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Multi-family:  Duplex Up and Down
Built 1900
3,653 sqft0.12 acres
Minneapolis schools
MLS# 5690002
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    Property Description

    Fantastic owner occupy opportunity. Main floor owners unit boasts tons of Victorian character with natural woodwork, grand staircase, open foyer, hardwood floors, and beautiful details throughout. Spacious rooms and walkout to patio and backyard. Upper level is a two story unit with 2 bedrooms, 2 living rooms and 2 kitchens - great income potential.

    Listing

    Contingency: None
    Price per sq ft: $157
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55403
    Neighborhood/Area: Steven's Square - Loring Heights
    Subdivision Name: Subd Of Lts 1 & 2 Blk 4 Ridgew

    Interior

    Living Area: 3,653 ft2
    Total Area: 5,132 ft2
    Above Ground Area: 3,653 ft2
    Below Ground Area: 1,479 ft2
    Main Level Area: 1,479 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 1
    Garage Size: 240 ft2
    Foundation Size: 1,479 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • No Int Access to Dwelling
    • Tuckunder Garage
    Shared Amenities:
    • Deck
    • Patio
    Road Frontage: City Street
    Exterior Material:
    • Shake Siding
    • Vinyl Siding
    • Wood Siding
    Upper Level Size Sq Ft
    Unit 1 Extra Room 1  10 x 9  90 
    Unit 2 Bedroom 1  13 x 11  143 
    Unit 2 Extra Room 2  10 x 4  40 
    Unit 2 Kitchen  11 x 10  110 
    Unit 2 Living Room  11 x 11  121 
    Third Level Size Sq Ft
    Unit 2 Bedroom 2  13 x 12  156 
    Unit 2 Extra Room 1  13 x 9  117 
    Unit 2 Family Room  20 x 16  320 
    Main Level Size Sq Ft
    Unit 1 Bedroom 1  12 x 12  144 
    Unit 1 Bedroom 2  13 x 13  169 
    Unit 1 Bedroom 3  14 x 11  154 
    Unit 1 Dining Room  15 x 11  165 
    Unit 1 Extra Room 2  15 x 10  150 
    Unit 1 Extra Room 3  23 x 8  184 
    Unit 1 Family Room  13 x 12  156 
    Unit 1 Kitchen  18 x 11  198 
    Unit 1 Living Room  23 x 12  276 

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.12
    Geolocation: 44.96367600, -93.28702700
    Lot Dimensions: 47 x 113
    Zoning: Residential-Single Family

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $5,186
    Annual Fuel Expense: $2,054
    Annual Insurance Expense: $3,120
    Annual Maintenance Expense: None
    Annual Gross Expense: $21,626
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $9,465
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $9,465
    Land Lease Amount: 0

    Income

    Annual Gross Income: $48,600

    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

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