1040 13th Ave Se, Minneapolis, 55414

NEWMulti-Family - (MF) Duplex Side X Side For Sale in Elwells 2nd Add

$549,000

9Beds
3Baths
3,220Sqft
.21Acres
1979Built
7DOM
MLS® #: 5319912
Active, 7 Days on Market

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

Essential Information

MLS® #: 5319912
Price: $549,000
Bedrooms: 9
Bathrooms: 3.00
Square Footage: 3,220
Acres: 0.21
Year Built: 1979
Type: Multi-Family
Sub-Type: (MF) Duplex Side X Side
Style: (MF) Duplex Side X Side
Status: Active

Community Information

Address: 1040 13th Ave Se
Area: Como
Subdivision: Elwells 2nd Add
City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414

Amenities

Amenities: Deck, Porch, Common Garden
Garages: Driveway - Other Surface

Interior

Heating: Forced Air

Exterior

Exterior: Wood, Fiber Board
Lot Description: Tree Coverage - Medium, City Bus (w/in 6 blks), Underground Utilities
Roof: Asphalt Shingles
Construction: Previously Owned
Foundation: 1156

School Information

District: 1 - Minneapolis

Additional Information

Date Listed: October 9th, 2019
Days on Market: 7
Zoning: Residential-Multi-Family

Listing Details

Listing Office: Savvy Avenue, LLC

Financials

$/SqFt: $170

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Listing information last updated on October 16th, 2019 at 5:35am CDT.