a Berkshire Hathaway affiliate

$549,000

1040 13th Avenue SE, Minneapolis


1040 13th Avenue SE Minneapolis, MN 55414

For Sale MLS# 5319912

9 beds 2 baths 3,220 sq ft Multi-family

Data current as of {{getLocalTime('2019-12-15T00:15:35Z')}}

Details

MLS# 5319912

Description for 1040 13th Avenue SE, Minneapolis, MN, 55414


UNIVERSITY OF MINNESOTA DUPLEX AKA "GOPHER HOUSE" 1042 unit has 5 bedrooms and 1 bath with large kitchen, 2 decks, living room, and large laundry room utility room 1040 unit has 4 bedrooms and 2 bathrooms with large deck, large kitchen, dining room, family room and large laundry room GROSS INCOME ANNUALLY $59,050 NET INCOME ANNUALLY $45,792 on a $549,000 purchase price that is a 8.3% CAP rate!!!!!!!!!!!!!!!Large backyard with firepit. Either run this duplex at the U of M ORbulldoze and build a new multiplex on the large lot at the U of M. OPPORTUNITY ZONE! 2.5 STORIES AND MULTI UNIT POSSIBLE

Listing Information


Property Type: Multi-family, Duplex, Side X Side 2 Stories

Status: Active

Bedrooms: 9

Bathrooms: 2

Lot Size: 0.21 Acres

Square Feet: 3,220 sq ft

Year Built: 1979

Foundation: 1,156 sq ft

Garage: No

Stories: 2 Stories

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision: Elwells 2nd Add

Builder:

Foundation:

Total Units: 2

Current Use:

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Hennepin

Days On Market: 65

HERS Score: Pending

Construction Status: Previously Owned

School Information


District: 1 - Minneapolis

Elementary:

Middle:

High:

Room Information


Bathrooms

Full Baths: 2

Interior Features


Square Footage above: 2,221 sq ft

Square Footage below: 999 sq ft

Flooring:

Basement: Walkout

Additional Interior Features:

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Available Utilities:

Other Utilities:

Heating: Forced Air, Natural Gas

Exterior / Lot Features


Parking Description: Driveway - Other Surface

Exterior: Wood, Fiber Board

Roof: Asphalt Shingles

Lot View:

Lot Dimensions: 70 x 132

Farm Type:

Crop Type:

Zoning: Residential-Multi-Family

Additional Exterior/Lot Features: Tree Coverage - Medium, City Bus (w/in 6 blks), Underground Utilities, Road Frontage - City

Soil Type:

Tillable Acres:

Community Features


Complex Features: Deck, Porch, Common Garden

Pets Allowed: No

Association Name:

Unit Information


Number of Units Like This: 1

Monthly Rent: 2625

Total Baths: 1

Total Bedrooms: 5

Total Rooms: 8

Number of Units Like This: 1

Monthly Rent: 2200

Total Baths: 2

Total Bedrooms: 4

Total Rooms: 5

Driving Directions


1040 13th Avenue SE, Minneapolis, MN 55414

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

Tenant Pays: Electric,Fuel,Snow,Lawn,Cable T.V.

Owner Pays: Taxes,Insurance,Water/Sewer,Trash

Annual Income: $59,050

Annual Expense: $13,000

Ownership Type:

Tax/Property ID: 2402924120152

Tax Amount: $7,187

Tax Year: 2019

HomeStead Description: Non-Homesteaded

Price Changes


$549,000 Original Price
$549,000 Current Price
+$0 Total Change
Date Price Change
10/9/2019 02:31 PM $549,000

Sales History

Date Price Change
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Schools nearby 1040 13th Avenue SE

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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings