For Sale: Saint Louis Park MLS# 7123878
Active Contingent
$419,900
Multi-family: Duplex Side by Side
4 br • 2 ba • Built 1947
1,984 sqft • 0.25 acres
St. Louis Park schools
MLS# 7123878
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Property Description
Rare opportunity to own a duplex investment property in a prime St. Louis Park location! Each unit offers convenient main-level living with unfinished lower levels providing exceptional potential to add finished square footage, additional bedrooms, and increased rental income. Unit 2247 is currently tenant-occupied and features carpeted flooring. Showings will be limited to the vacant 2249, which is ready for your updates and remodeling. Unit 2249 includes a detached 2-car garage and hardwood floors ready for refinishing. Whether you're looking to renovate, owner-occupy, or expand your investment portfolio, this property offers outstanding upside in a highly desirable location.
Property to be sold as is. Buyer to complete St. Louis Park Code compliance work after closing. City will escrow for the amount repairs until work is completed. see list and information in documents
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$419,900
Price per sq ft:
$212
Property Type:
Multi-family
City:
Saint Louis Park
Garage Spaces:
2
County:
Hennepin
Year Built:
1947
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55426
Subdivision Name:
Richmond 3rd Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,984 ft2
Living Area:
1,984 ft2
Basement Details:
- Block
- Full
- Single Tenant Access
- Unfinished
Exterior
Stories:
One
Garage Spaces:
2
Garage Size:
400 ft2
Foundation Size:
1,984 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached Garage
Road Frontage:
City Street
Exterior Material:
Block
Rooms
Laundry:
- In Basement
- Lower Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.25
Geolocation:
44.960802, -93.370623
Lot Dimensions:
80 x 133.3
Schools
School District:
283
District Phone:
9529286000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,896
Annual Maintenance Expense:
None
Annual Trash Expense:
$946
Annual Water/Sewer Expense:
$1,164
Tenant Expenses:
Cable TV, Electricity, Gas, Heat, Hot Water, Lawn Care, Snow Removal
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,743
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,743
Income
Annual Gross Income:
$40,200
Misc. Annual Income:
$40,200
Misc. Monthly Income:
$3,350
Rent
Annual Net Income:
$27,629
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 RE/MAX Results.
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.