$420,000
Minneapolis, MN 55406
MLS# 6341360
Status: Closed
6 beds | 2 baths | 4125 sqft
1 / 38
Property Description
Welcome to this charming and spacious duplex, located in a prime neighborhood just minutes away from local amenities and public transportation. This property offers two separate units, each with three bedrooms and one bathroom. The interiors of both units feature updated kitchens and bathrooms, in-unit laundry, and large full basements. Both units have ample natural light and comfortable living spaces, making it easy to unwind after a long day. One unit is currently occupied by a tenant, providing a steady stream of rental income from day 1. Recent updates to the duplex include brand new windows throughout, a new roof installed in 2019, and a new water heater, giving peace of mind to both tenants and owners. With its excellent location, numerous features, and high rental demand, this duplex represents a fantastic investment opportunity. Don't miss out on this chance to own a piece of prime real estate!
Details
Documents
None
MLSID: RMLS
Contract Information
Status: Closed
Off Market Date: 2023-04-14
Contingency: None
Current Price: $420,000
Closed Date: 2023-05-05
Original List Price: 400000
ListPrice: 400000
Sales Close Price: 420000
List Date: 2023-03-09
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Year Built: 1951
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family, Residential-Single Famil
Bedrooms: 6
Bath Full: 2
Baths Total: 2
Main Floor Total SqFt: 2109
Above Ground SqFt: 2445
Below Grd Total SqFt: 1680
Total SqFt: 4125
Foundation Size: 1680
Style: (MF) Duplex Side X Side
Total Finished Sqft: 4125.00
Garage Stalls: 2
Lot Dimensions: 40x127
Acres: 0.12
Location, Tax and Other Information
Legal Description: LOT 014 BLOCK 018 ROLLINS 2ND ADDN TO MPLS
Listing City: Minneapolis
Map Page: 121
Municipality: Minneapolis
Rental License?: Yes
School District Phone: 612-668-0000
House Number: 3355
Street Name: Minnehaha
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55406
Zip Plus 4: 2421
Property ID Number: 0102824140168
Complex/Dev/Subdivision: Rollins 2nd Add
Tax Year: 2022
In Foreclosure?: No
Tax Amount: 4565
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Welcome to this charming and spacious duplex, located in a prime neighborhood just minutes away from local amenities and public transportation. This property offers two separate units, each with three bedrooms and one bathroom.
The interiors of both units feature updated kitchens and bathrooms, in-unit laundry, and large full basements. Both units have ample natural light and comfortable living spaces, making it easy to unwind after a long day. One unit is currently occupied by a tenant, providing a steady stream of rental income from day 1.
Recent updates to the duplex include brand new windows throughout, a new roof installed in 2019, and a new water heater, giving peace of mind to both tenants and owners.
With its excellent location, numerous features, and high rental demand, this duplex represents a fantastic investment opportunity. Don't miss out on this chance to own a piece of prime real estate!
Directions: From Lake Street turn south onto Minnehaha. The duplex is on NE corner at 34th & Minnehaha.
Assessments
Tax With Assessments: 4565
Building Information
Finished SqFt Above Ground: 2445
Finished SqFt Below Ground: 1680
Income and Expenses
Annual Gross Expenses: 3840
Annual Gross Income: 33600
Annual Insurance Expense: 1800
Annual Water/Sewer Expense: 2040
Total Annual Expenses: 3840
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: OTHER
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 483
Public Survey Info
Range#: 24
Section#: 01
Township#: 28
Unit 1
Furnished?: N
Lease Expiration Date: 2024-08-31
Leased?: Y
Level: Main Level
Unit Number: 1
Annual Rent: 16800
Finished SqFt: 2063
Full Baths: 1
Monthly Expense: 170
Monthly Rent: 1400
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 7
Unit 2
Furnished?: N
Leased?: N
Level: Main Level
Unit Number: 2
Annual Rent: 16800
Finished SqFt: 2063
Full Baths: 1
Monthly Expense: 170
Monthly Rent: 1400
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 7
Unit Details
Total Units: 2
Property Features
Accessible: None
Assumable Loan: Not Assumable
Basement: Concrete Block; Drain Tiled; Full
Construction Status: Previously Owned
Electric: Circuit Breakers
Existing Financing: Conventional
Exterior: Stucco
Fencing: Wood
Financing Terms: Cash
Fuel: Natural Gas
Heating: Forced Air
Laundry: In Basement
Lock Box Type: Combo
Lot Description: Corner Lot
No. of Ranges: Two
No. of Refrigerators: Two
Owner Pays: Insurance; Taxes; Trash Collection; Water
Parking Characteristics: Detached Garage
Pool Description: None
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Asphalt Shingles
Sellers Terms: Cash; Conventional; Conventional Rehab; FHA; FHA Rehab 203k
Sewer: City Sewer - In Street
Stories: One and One Half
Tenant Pays: Cable TV; Electricity; Fuel; Gas; Lawn; Snow Removal
Unit 1 Amenities: Countertops-Granite; Hardwood Floors; Washer/Dryer Hookup
Unit 1 Appliances: Gas Water Heater; Stainless Steel Appliances; Cooktop; Dryer; Exhaust Fan/Hood; Microwave; Range; Refrigerator; Washer
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: Window
Unit 1 Dining Room Description: Kitchen/Dining Room
Unit 1 Special Search: Main Floor Bedroom
Unit 2 Amenities: Countertops-Granite; Hardwood Floors; Kitchen Window; Primary Bedroom Walk-in Closet; Washer/Dryer Hookup
Unit 2 Appliances: Gas Water Heater; Stainless Steel Appliances; Dryer; Exhaust Fan/Hood; Microwave; Range; Refrigerator; Washer
Unit 2 Bath Description: Main Floor Full Bath
Unit 2 Cooling: Window
Unit 2 Dining Room Description: Kitchen/Dining Room
Unit 2 Special Search: Main Floor Bedroom
Water: City Water - In Street
TISH.pdf 
Listing Office: Exp Realty, LLC.
Last Updated: May - 06 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.