Address
1040 13th Avenue SE Minneapolis, MN
Price
$ 549,000
Property Attributes
  • ML#5319912
  • TypeMulti-Family
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaElwells 2nd Add
  • NeighborhoodComo
  • Zip55414
  • Style(MF) Duplex Side X Side
  • Year Built1979
  • Taxes7187
  • Price$ 549,000
  • Bedrooms9
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage3220
  • Lot Size9,148 SqFt
Listing Provided Courtesy Of:
Savvy Avenue, LLC
Property Description

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 OR bulldoze and build a new multiplex on the large lot at the U of M. OPPORTUNITY ZONE! 2.5 STORIES AND MULTI UNIT POSSIBLE

Price History
10/9/2019 Listed $549,000

General Features

Annual Gross Income 59050.00
Complex/development/subd Elwells 2nd Add
Construction Status Previously Owned
Contingency None
Cumulative Days on Market 129
DPR Eligible No
Handicap Accessible None
Homestead No
Municipality Minneapolis
Neighborhood Como
Potential Short Sale No
Present Use Yearly
Property Type MF
School District 1 - Minneapolis
Shared Amenities Deck, Porch, Common Garden
Status Active
Style (MF) Duplex Side X Side
Tax Year 2019
Total Number of Units 2
Year Built 1979
Zoning Residential-Multi-Family

Interior Features

Above Ground Finished Sq 2221
Basement Walkout
Below Ground Finished Sq 999
Fuel Natural Gas
Heating Forced Air
Number Of Ranges Two
Number Of Refrigerators Two
Number Of Unit 1
Total Bathrooms 3
Total Finished SqFt. 3220
Unit 1 Air Window
Unit 1 Amenities Deck, Patio, Porch, Natural Woodwork, Kitchen Window, Skylight, Ceiling Fan(s), Hardwood Floors, Tile Floors
Unit 1 Appliances Range, Cooktop, Refrigerator, Freezer, Washer, Dryer
Unit 1 Bath Characteristics Upper Level Full Bath
Unit 1 Bath Full 1
Unit 1 Dining Room Informal Dining Room, Living/Dining Room
Unit 1 Family Rm Characteristics Main Level
Unit 1 Finished Square Footage 1750
Unit 1 Number Of Units 1
Unit 1 Total Baths 1
Unit 1 Total Rooms 8
Unit 2 Air Window
Unit 2 Amenities Deck
Unit 2 Annual Rent 26400
Unit 2 Appliances Range, Cooktop, Exhaust Fan/Hood, Refrigerator, Freezer, Washer, Dryer
Unit 2 Finished Square Footage 1500
Unit 2 Full Bath 2
Unit 2 Number Of Bedrooms 4
Unit 2 Number Of Units 1
Unit 2 Total Baths 2
Unit 2 Total Rooms 5
Unit 2 Unit Number 2

Exterior Features

Lender Owned No
Unit 1 Bedrooms 5
Unit 1 Monthly Rent 2625
Unit 2 Monthly Rent 2200
Acres 0.210
Exterior Wood, Fiber Board
Foundation Size 1156
Lot Description Tree Coverage - Medium, City Bus (w/in 6 blks), Underground Utilities
Road Frontage City
Roof Asphalt Shingles
Sewer City Sewer/Connected
Water City Water/Connected

Amenities

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

Property vs Zip Code Average in 55414

Price
AVG $460K
$550K
Taxes
AVG $7,009
$7,187
Visits
AVG 48
136
Year Built
AVG 1922
1979
Walkscore
AVG 73
72
Data Provided by Walkscore ® not using MLS data

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