1040 13th Avenue Se, Minneapolis, 55414

Residential Income For Sale in Elwells 2nd Add


MLS® #: 5319912
Active, 155 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: $529,000
Acres: 0.21
Year Built: 1979
Type: Residential Income
Status: Active

Community Information

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

School Information

District: Minneapolis

Additional Information

Days on Market: 155
Zoning: Residential-Multi-Family

Listing Details

Listing Office: Savvy Avenue, LLC

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RE/MAX Synergy

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Listing information last updated on April 7th, 2020 at 12:03pm CDT.