1040 13th Avenue Se Minneapolis, MN 55414

$549,000 3 3
Price Bedrooms Bathrooms
Price has not changed since being added to site on 10/9/2019
Status: Active

MLS #: 5319912

Duplex Side X Side Sq. Feet: 3220
On Site: 111 Days Lot Size: 0.21 Acres
Neighborhood: See All Properties for Sale in Como
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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
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
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
Finished Sq. Ft.
Above Grade 2221
Below Grade 999
Total 3220
Lot Size: 0.21 Acres
Lot Dimensions: 70 x 132
Lot Description: Tree Coverage - Medium, City Bus (w/in 6 blks), Underground Utilities
Garage: Driveway - Other Surface
Water: City Water/Connected
Sewer: City Sewer/Connected
Road Frontage: City
Zoning: Residential-Multi-Family
Directions: 1040 13th Avenue SE, Minneapolis, MN 55414
School District: Minneapolis
County: Hennepin
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
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Listing Information Last Updated 1/27/2020
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Property Summary

1040 13th Avenue Se
Minneapolis, MN 55414

MLS®: 5319912

List Price: $549,000


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 110 days.