2844 Columbus Avenue Minneapolis, MN 55407 (Sold)

$674,000 4 4
Price Bedrooms Bathrooms
Price did not change before being sold on 2/14/2019
Status: Sold

MLS #: 5022378

Other Sq. Feet: 5300
Date Sold: 2/14/2019 Lot Size: 0.15 Acres
Neighborhood: See All Properties for Sale in Phillips West
DESCRIPTION
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Rare opportunity for an extremely high income producing bldg w/ non-conf 5th unit in LL. Income $106k w/ $120k+ potential in 2019! Negotiable for seller to manage 6+ mths after closing to help buyer. Renovated units feature HW floors, built-in buffets, tiled bths, exposed brick, KTs w/ granite & stainless. New windows '14, roof '13 & 2 water heaters '14. 4 garage stalls + 1 sep storage space. 2 garages have 9 foot doors w/ gar openers! LL has 2 coin-op washer/dryer sets & 7 storage lockers.
ARCHITECTURE
Bedrooms: 4
Bathrooms: 4
Year Built: 1925
Stories: 1
Construction: Stucco
Construction Status: Previously Owned
Roof: Flat
Foundation Size: 2500
Basement: Full, Partial Finished
FEATURES / AMENITIES
Unit 1: 2 beds, 1 bath. Rent: $30336. Amenities: Natural Woodwork, Kitchen Window, Hardwood Floors, Tile Floors. Appliances: Range, Dishwasher, Refrigerator
Unit 2: 2 beds, 1 bath. Rent: $26256. Amenities: Natural Woodwork, Kitchen Window, Hardwood Floors, Tile Floors. Appliances: Range, Dishwasher, Refrigerator
Unit 3: 2 beds, 1 bath. Rent: $30636. Appliances: Range, Dishwasher, Refrigerator
Unit 4: 2 beds, 1 bath. Rent: $14400. Amenities: Natural Woodwork, Kitchen Window, Hardwood Floors, Tile Floors. Appliances: Range, Dishwasher, Refrigerator
Heating: Forced Air, Boiler
Fuel: Natural Gas
SQUARE FOOTAGE
Finished Sq. Ft.
Above Grade 5000
Below Grade 300
Total 5300
PROPERTY FEATURES
Lot Size: 0.15 Acres
Lot Dimensions: 119x54
Lot Description: City Bus (w/in 6 blks)
Garage: Detached Garage
Water: City Water/Connected
Sewer: City Sewer/Connected
Road Frontage: City
Zoning: Residential-Multi-Family
Directions: From I-35W to 2nd Ave S and E 28th St to Columbus Ave S
COMMUNITY, TAX AND RELATED INFO
School District: Minneapolis
County: Hennepin
Tax Amount: $5, 506.00
Tax Year: 2018
Annual Gross Expense: 30000.00
Total Annual Expenses: 30000
Annual Gross Income: 106000.00
Annual Trash Expense: 1800
Annual Maintenance Expense: 2000
Annual Insurance Expense: 2500
Annual Repair Expense: 1000
Annual Water/Sewer Expense: 3600
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Listing Information Last Updated 8/18/2019
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Property Summary

2844 Columbus Avenue
Minneapolis, MN 55407

MLS®: 5022378

List Price: $674,000

Description:

MLS # 5022378: This property at 2844 Columbus Avenue, Minneapolis, MN 55407 is located in the Phillips West subdivision and is listed for $674,000. MLS # 5022378 has been on the market for 192 days.