For Sale: Minneapolis MLS# 6739930
Active Contingent
$349,900
Multi-family: Duplex Up and Down
Built 1900
928 sqft • 0.15 acres
Minneapolis schools
MLS# 6739930
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Property Description
This charming duplex at 4021 Colfax Ave N offers a fantastic investment or owner-occupied opportunity in the Webber-Camden neighborhood in Minneapolis. The main floor unit 1 offers 1, 048 FSF with 3 bedrooms, 1 bathroom, and the upper-level unit 2 offers 880 FSF, also featuring 3 bedrooms, and 1 bathroom. Many updates have been made to this duplex, with fresh paint, newer cabinetry & granite counters. Each unit also includes its own separate forced air furnace & A/C, 100-amp electric service, and electric water heater. The basement area offers storage and shared coin laundry. You will appreciate the updated garage, featuring LP siding, and two overhead doors & openers, and a historic Cobblestone driveway. It is conveniently located near bus routes, parks, neighborhood specialty shops, and with easy access to I 94. BACK ON THE MARKET, BUYER'S FINANCING FELL THROUGH.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$349,900
Price per sq ft:
$377
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55412
Neighborhood/Area:
Webber - Camden
Subdivision Name:
Wyoming Park Add
Interior
Finished Area:
928 ft2
Living Area:
928 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Block
- Concrete
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
20x20
Garage Size:
400 ft2
Foundation Size:
1,048 ft2
Fencing:
Partial
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Detached
- Driveway - Other Surface
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
Exterior Material:
Slate
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.15
Geolocation:
45.0284759148, -93.2920606747
Lot Dimensions:
50 x 128
Zoning:
Residential-Multi-Family
Lot Description:
Some Trees
Farm
Topography:
Level
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:
$300
Annual Gross Expense:
$8,000
Annual Trash Expense:
$247
Annual Water/Sewer Expense:
$185
Tenant Expenses:
Electricity, Gas, Grounds Care, Snow Removal
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,068
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,068
Income
Annual Gross Income:
$34,800
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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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Lakes Area 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.