Address
1040 13th Avenue SE Minneapolis, MN
Price
$ 568,900
Property Attributes
  • ID#6112468
  • TypeMulti-Family
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaElwells 2nd Add
  • NeighborhoodElwells 2nd Add
  • Zip55414
  • StyleDuplex Side by Side
  • Year Built1979
  • Taxes$ 7326
  • Price$ 568,900
  • Bedrooms7
  • Full Bathrooms3
  • Half Bathrooms1
  • Sqr Footage3220
  • Lot Size9,148 SqFt
Listing Provided Courtesy Of:
Keller Williams Premier Realty Lake Minnetonka
Data Source:
Northstar MLS (NSTAR)
Property Description

Great investment opportunity! Build your real estate portfolio with this easy to rent duplex walking distance to the U of M. 8.3% Cap Rate, 16.6 % cash on cash return! Unit 1042 is open for an owner occupant, but could be easily rented for an investor (another option is unit 1042 is also approved for section 8 with rent guarantee of $2653) All utilities are paid by tenants! Duplex has a new furnace and new ac.

Price History
10/12/2021 Listed $568,900

General Features

Accessibility None
Additional Parcels Y/N No
Association Amenities Deck, Patio
Basement Walkout, Full, Finished, Egress Window(s)
City Minneapolis
Construction Materials Wood Siding
Contingency None
County Hennepin
Days on Market 80
Directions GPS
Garage Spaces 1
Grossincome 55200
Heating Forced Air
High School District Minneapolis
Insurance Expense 1283
Lender Owned No
Levels More Than 2 Stories
Maintenanceexpense 250
New Construction No
Operatingexpense 8700
Property SubType Duplex Side by Side
Property Type Residential Income
Roof Asphalt, Age Over 8 Years
Sewer City Sewer/Connected
Standard Status Active
Street Name 13th
Subdivision Name Elwells 2nd Add
Tax Annual Amount 7326
Tax Year 2021
Tenant Pays Water, Electricity, Fuel, Snow Removal, Grounds Care, Cable TV
Total Units 2
Year Built 1979

Interior Features

Above Grade Finished Area 2221
Below Grade Finished Area 999
Fireplace Y/N No
Fuel Natural Gas
Living Area 3220
SQFT Above Ground Total 2221.00
SQFT Below Ground Total 999.00
SQFT Main Total 0.00
SQFT Total 3220.00
Street Suffix Avenue
Unit Type Unit 1, Unit 2, Unit 3, Unit 4

Exterior Features

Foundationarea 1556
Lot Dimensions 70x132
Lot Size Area 0.21
Lot Size Units Acres
Water Source City Water/Connected
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 55414

Price
AVG $460K
$570K
Taxes
AVG $5,422
$7,326
Visits
AVG 48
66
Year Built
AVG 1930
1979
Walkscore
AVG 76
76
Data Provided by Walkscore ® not using MLS data