$435,000
$450,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
3,760 SqFt
SOLD DATE : 05/11/2023
Key Details
Sold Price $435,000
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Sold
Purchase Type For Sale
Square Footage 3,760 sqft
Price per Sqft $115
Subdivision Kings Add
MLS Listing ID 6344498
Sold Date 05/11/23
Year Built 1901
Annual Tax Amount $8,187
Tax Year 2022
Contingent None
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 2740
Property Sub-Type Duplex Up and Down
Property Description
Potential is they key word for this gigantic Duplex in a convenient area right next to Hennepin Ave. This building was previously utilized as a tri-plex and has POTENTIAL TO BE CONVERTED TO A TRIPLEX with city approval. Charming hardwood floors and woodwork, tall ceilings and some nice modern features such as forced air furnaces, newer windows, and modern circuit breaker panels. 4 Garage stalls in back are currently rented individually with the ability to continue renting these at $100/month. Additionally, coin operated laundry generates an approximately $50/month to help offset the cost of water/sewer. Previous rents were $1400/mo for lower unit and $1700/mo for upper unit and there is potential to increase rents since both units are now vacant. Owner has always rented upper unit as 3 bedroom unit, however, according to Minneapolis requirements for bedrooms one of the rooms could be converted to 4th bedroom on the 3rd floor.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Full, Stone/Rock
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached
Garage Spaces 4.0
Fence Partial
Roof Type Asphalt
Building
Lot Description Some Trees
Story More Than 2 Stories
Foundation 1020
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories More Than 2 Stories
Structure Type Stucco
New Construction false
Schools
School District Minneapolis
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