For Sale: Minneapolis MLS# 6650518
Active
$550,000
Multi-family: Duplex Side by Side
Built 1953
2,240 sqft • 0.18 acres
Minneapolis schools
MLS# 6650518
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Property Description
2.875% Assumable FHA loan-must qualify. With its inviting layout and classic features, this property stands out- Units are two story mirror images of each other. The main level showcases hardwood floors that reflect natural light streaming in from three walls windows, creating a warm and welcoming atmosphere. The generous living room flows seamlessly into an open dining area, and a well-sized kitchen with access to a deck.
Upstairs, hardwood floors continue into three comfortable bedrooms, accompanied by a full bath to complete second level. Each unit enjoys its own private basement with laundry facilities and extra storage space. Excellent opportunity for future expansion, finishing to create family room, rec space, or even a 4th bedroom with egress.
Outside enjoy fresh landscaping, a fenced yard, a new concrete driveway and a two car garage.
Diamond Lake is a charming neighborhood perfectly situated in South Minneapolis
Listing
Listing Status:
Active
Contingency:
None
List Price:
$550,000
Price per sq ft:
$246
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1953
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55417
Neighborhood/Area:
Diamond Lake
Subdivision Name:
Diamond Lake Terrace 3rd Add
Interior
Finished Area:
2,240 ft2
Living Area:
2,240 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Block
- Full
- Single Tenant Access
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
20x20
Garage Size:
400 ft2
Foundation Size:
1,120 ft2
Foundation Dimensions:
35x32
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached
Shared Amenities:
Deck
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.18
Geolocation:
44.894527, -93.266208
Lot Dimensions:
60 x 128
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,200
Annual Fuel Expense:
$610
Annual Insurance Expense:
$2,000
Annual Maintenance Expense:
$200
Annual Gross Expense:
$4,756
Annual Trash Expense:
$320
Annual Water/Sewer Expense:
$375
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,927
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,927
Income
Annual Gross Income:
$17,400
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.