1040 13th Avenue SE

Minneapolis, MN 55414 View Map $549,000 Schedule a Showing
Beds3
Baths3
Sq.Ft.3,220
Year1979
Como Minneapolis | Hennepin County | MLS 5319912 | 1040 13th Avenue SE Photo 1
Como Minneapolis | Hennepin County | MLS 5319912 | 1040 13th Avenue SE Map
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Status: Active
Property Type:Duplex Side X Side
MLS #:5319912
Sq. Feet:3,220
On Site:141 Days
Lot Size:0.21 Acres
County:Hennepin
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

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:1040 13th Avenue SE Minneapolis, MN 55414
County:Hennepin
School System:Minneapolis
Neighborhood:Como
Zip Code:55414

Architecture

Bedrooms: 3
Bathrooms: 3
Year Built:1979
Stories:2
Construction: Wood, Fiber Board
Construction Status: Previously Owned
Green Certification: Pending
Roof: Asphalt Shingles
Foundation Size: 1156
Basement: Walkout
Garage: Driveway - Other Surface

Features / Amenities

Unit 1: 5 beds, 1 bath. Rent: $31500. Amenities: Deck, Patio, Porch, Natural Woodwork, Kitchen Window, Skylight, Ceiling Fan(s), Hardwood Floors, Tile Floors. Appliances: Range, Cooktop, Refrigerator, Freezer, Washer, Dryer
Unit 2: 4 beds, 2 baths. Rent: $26400. Amenities: Deck. Appliances: Range, Cooktop, Exhaust Fan/Hood, Refrigerator, Freezer, Washer, Dryer
Heating: Forced Air
Fuel: Natural Gas

Square Footage

Finished Sq. Ft.
Above Grade 2221
Below Grade 999
Total 3220

Property Features

Lot Size: 0.21 Acres / 9147.6 Sq. Ft.
Lot Dimensions:70 x 132
Lot Description: Tree Coverage - Medium, City Bus (w/in 6 blks), Underground Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Road Frontage: City
Zoning:Residential-Multi-Family
Directions:1040 13th Avenue SE, Minneapolis, MN 55414

Tax and Financial Info

Tax Amount: $7, 187.00
Tax Year: 2019
Annual Gross Expense: 13000.00
Total Annual Expenses: 13000
Annual Gross Income: 59050.00
Annual Maintenance Expense: 450
Annual Insurance Expense: 1271
Annual Repair Expense: 450
Annual Water/Sewer Expense: 3900

Schools

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1040 13th Avenue SE Minneapolis, MN 55414
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1040 13th Avenue SE Minneapolis, MN 55414
 
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Listing Information Last Updated 2/26/2020
Listing provided courtesy of Savvy Avenue, LLC.
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Property Summary

1040 13th Avenue Se
Minneapolis, MN 55414

MLS®: 5319912

List Price: $549,000

Description:

MLS # 5319912: This property at 1040 13th Avenue Se, Minneapolis, MN 55414 is located in the Como subdivision and is listed for $549,000. MLS # 5319912 has been on the market for 140 days.