$568,900

1040 13th Avenue SE, Minneapolis, MN 55414


1040 13th Avenue SE Minneapolis, MN 55414

For Sale MLS# 6112468

7 beds 4 baths 3,220 sq ft Multi-family

Data current as of {{getLocalTime('2021-10-20T19:45:17Z')}}

Details for 1040 13th Avenue SE

MLS# 6112468

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


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.

Listing Information


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

Status: Active

Bedrooms: 7

Bathrooms: 4

Lot Size: 0.21 Acres

Square Feet: 3,220 sq ft

Year Built: 1979

Foundation: 1,556 sq ft

Garage: Yes

Stories: More Than 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: 8

HERS Score:

Construction Status: Previously Owned

School Information


District: 1 - Minneapolis

Elementary:

Middle:

High:

Room Information


Bathrooms

Full Baths: 3

1/2 Baths: 1

Interior Features


Square Footage above: 2,221 sq ft

Square Footage below: 999 sq ft

Flooring:

Basement: Finished (Livable), Walkout, Full, Egress Windows

Additional Interior Features:

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Available Utilities:

Other Utilities:

Heating: Natural Gas, Forced Air

Exterior / Lot Features


Garage Spaces: 1

Parking Description: Garage Sq Ft - 0

Exterior: Wood

Roof: Age Over 8 Years, Asphalt Shingles

Lot View:

Lot Dimensions: 70x132

Farm Type:

Crop Type:

Zoning:

Additional Exterior/Lot Features:

Soil Type:

Tillable Acres:

Community Features


Complex Features: Patio, Deck

Pets Allowed: No

Association Name:

Unit Information


Number of Units Like This: 1

Monthly Rent: 2750

Total Baths: 2

Total Bedrooms: 4

Total Rooms: 6

Number of Units Like This: 1

Monthly Rent: 1850

Total Baths: 2

Total Bedrooms: 3

Total Rooms: 4

Driving Directions


GPS

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

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

Owner Pays:

Annual Income: $55,200

Annual Expense: $8,700

Ownership Type:

Tax/Property ID: 2402924120152

Tax Amount: $7,326

Tax Year: 2021

HomeStead Description: Non-Homesteaded

Price Changes


$568,900 Original Price
$568,900 Current Price
+$0 Total Change
Date Price Change
10/12/2021 11:40 AM $568,900

Sales History

Date Price Change
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Tax Summary

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Schools nearby 1040 13th Avenue SE

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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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

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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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