For Sale: Minneapolis MLS# 6658873
Active
$479,000
Multi-family: Duplex Up and Down
Built 1901
2,893 sqft • 0.14 acres
Minneapolis schools
MLS# 6658873
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Property Description
Welcome to this charming duplex located in Lowry Hill East, near Uptown! Both units offer hard wood floors & woodwork, high ceilings, gathering spaces, generously sized bedrooms & their own forced-air furnace. The first-floor unit is a 2 bed, 2 bath with one garage stall. This unit is currently owner-occupied & rental estimate reflects current market rates. The second & third floors are combined to create a multi-level 3 bed, 2 bath unit with one garage stall. According to city bedroom requirements one of the rooms on the third level could be converted into a 4th bedroom. Originally a tri-plex, the back stairwell would allow an owner (with approval from the city) the potential to convert back to a tri-plex by splitting the 2nd floor from the 3rd floor (plumbing for kitchen is roughed in). Plenty of off-street parking includes a rare four car garage which is currently bringing in $100/mo in rental income. Shared laundry in basement & provides additional income. Newer roof (2023), four stall garage (completed 2023), new gutters, newer windows, grading around home (2024) and more. Walk to everything that Lowry Hill East & Uptown has to offer including coffee shops, restaurants, city lakes, parks, & trails. 24 hour showing notice.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$479,000
Price per sq ft:
$166
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1901
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55408
Neighborhood/Area:
Lowry Hill East
Subdivision Name:
Kings Add
Interior
Finished Area:
2,893 ft2
Living Area:
2,893 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Full
- Stone/Rock
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
4
Garage Dimensions:
44x12
Garage Size:
528 ft2
Foundation Size:
914 ft2
Fencing:
Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Detached
- Gravel
Shared Amenities:
- Coin-op Laundry Owned
- Common Laundry
- Deck
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Street Lights
Exterior Material:
- Stucco
- Wood Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.14
Geolocation:
44.954155, -93.296599
Lot Dimensions:
129 x 47 x 129 x 47
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
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:
$2,200
Annual Maintenance Expense:
$1,500
Annual Gross Expense:
$11,584
Annual Trash Expense:
$1,884
Annual Water/Sewer Expense:
$1,200
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,901
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,901
Income
Annual Gross Income:
$48,000
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.