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Presented By: eXp Realty
Renovated side-by-side duplex with a big private backyard near the heart of NE Minneapolis. Ideal for an owner occupant or investor to renovate the unit that is not fully renovated, continue with short-term rental or place a long-term tenant. Close proximity to restaurants & nightlife located just outside of downtown Minneapolis yet the location feels like suburban living.
One side is a 2 bedroom 1 bathroom unit with open layout and a kitchen remodel done within the last 10 yrs. Everything else is original and ready to add your unique flair and create your own paradise. This side has an unfinished basement for equity building potential.
The other side is currently used as a short-term rental generating approx $5,000 / month over a 12-month period. Summer months generate approx $6,000-$9,000 per month. Winter generates approx $2,000-$4,000 per month. This unit was fully remodeled in 2018 and has 4 bedrooms, 2 bathrooms, 2 living rooms and a fully finished basement. Open layout with updated kitchens with granite countertops, updated baths, spacious room sizes all in an ideal location within walking distance of restaurants, grocery stores and all that Northeast has to offer.
Presented By: eXp Realty
Above Grade Finished Area1880
BasementDaylight/Lookout Windows, Egress Window(s), Finished, Full, Single Tenant Access
Basement (Y/N)Yes
Below Grade Finished Area1736
FuelNatural Gas
AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
Construction MaterialsShake Siding, Wood Siding
ContingencyNone
CountyHennepin
DirectionsCENTRAL TO 28TH AVE NE; E TO POLK; N TO HOME
Electric Expense1600
Fuel Expense2500
Garage Spaces
Gross Income60000
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense2500
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
MaintenanceExpense1000
New ConstructionNo
NumberOfUnitsTotal2
Operating Expense6481
OwnerPaysTrash Collection
PostalCityMinneapolis
Property SubtypeOther
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameMenages Sup To East Side Add
Tax Annual Amount7070
Tax Year2024
Tenant PaysElectricity, Fuel
Trash Expense900
Water Sewer Expense950
Year Built1965
Zoning DescriptionResidential-Multi-Family
Building Area Total3616
Foundation Area1880
Lot Dimensions42x182
Lot Size Area0.18
Water SourceCity Water/Connected
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