1040 13th Avenue SE Minneapolis, MN 55414
UPDATED:  
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549000
/mo

9Beds

3Baths

3220SqFt

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Key Details

Property Type: Multi-Family

Listing Status: Active

Purchase Type: For Sale

Price per Sqft: $170

Lot Size: 9,147 Sqft

Year Built: 1979

MLS Listing ID: 5319912

Style: (MF) Duplex Side X Side

Subdivision: Elwells 2Nd Add

Full Baths: 3

Construction Status: Previously Owned

Short Sale: No

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

Location

State: MN

County: Hennepin

Zoning: Residential-Multi-Family

Rooms

Basement: Walkout

Multi-Unit Info

Total Units: 2

Unit 1 Information: Rooms: 8; Rents Price: $2,625; SqFt: 1750; Bedroom: 5; Bathroom: 1; FullBath: 1

Unit 2 Information: Rooms: 5; Rents Price: $2,200; SqFt: 1500; Bedroom: 4; Bathroom: 2; FullBath: 2

Interior

Interior Features: Deck,Porch,Common Garden

Heating: Forced Air

Exterior

Exterior Feature: Wood,Fiber Board

Garage: Driveway - Other Surface

Roof Type: Asphalt Shingles

Handicap Access: None

Building

Lot Description: Tree Coverage - Medium,City Bus (w/in 6 blks),Underground Utilities

Story: 2 Stories

Above Ground Finished SqFt: 2221

Lot Dimensions: 70 x 132

Sewer: City Sewer/Connected

Water: City Water/Connected

Story: 2 Stories

Schools

Elementary Schools: Webster Elementary,Pillsbury Community School

Middle Schools: Northeast Middle School

High Schools: Edison High School

School District: 1 - Minneapolis

Others

Tax Amount: $7,187

Tax Year: 2019

Energy Description: Natural Gas

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Listing Provided By Moe Mossa (20575709) of Savvy Avenue, LLC

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Nearby School & Properties

65 WALK
SCORE
Somewhat Walkable
School data provided by GreatSchools for your convenience. Please contact schools directly for enrollment eligibility.

Property History

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