$400,000

199 James Avenue NMinneapolis, MN 55405

Type: Multi-Family

2 Units

Description

Great opportunity to own 2 contiguous lots, 195 & 199 James totaling .28 acres. PIDs 21.029.24.34.0106 & 21.029.24.34.0107. One lot is vacant, the other has a duplex. This location has seen an influx of re-development in the past few years, with new townhomes, artist lofts and office space. The property is zoned CM1 Neighborhood Mixed-Use which allows for commercial use, residential, institutional, lower-impact production, and public services. Both units leased through March 2025.

MLS ID: 6449515

Directions: 2nd Ave N to James Ave N, South to property.

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Property Details

Essential Details

MLS #: 6449515

Listing courtesy of: Coldwell Banker Realty

Price: $400,000

Type: Multi-Family

Contingency: None

Foreclosure: No

Zoning: Other

Total Units: 2

Annual Gross Income: $25,800

Annual Misc. Income: $0

Monthly Misc. Income: $0

Annual Gross Expense: $7,692

Annual Insurance Expense: $2,847

Annual Maintenance Expense: $2,625

Annual Water/Sewer Expense: $2,220

Tenant Pays: Electricity, Fuel

Owner Pays: Insurance, Grounds Care, Repairs, Snow Removal, Trash Collection, Water

Parking Features: On-Street Parking Only

Building Details

Owner Occupied: No

Finished SqFt Total: 1,574

Finished Above Grade: 1,574

Fireplace: No

Construction Materials: Wood Siding

AccessibilityFeatures: None

Roof: Age Over 8 Years, Asphalt

Heating: Forced Air

Style: Duplex Up and Down

Foundation Area: 830

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Present Use: Yearly

Number of Ranges: One Per Unit

Number of Refrigerators: One Per Unit

Lot Details

Complex/Dev/Sub Name: Byrnes Add

Lot Dimensions: Irregular

Fence: None

Road Frontage: City Street, Curbs, Paved Streets, Sidewalks

School Information

District: Minneapolis

District Number: 1

District Phone: 612-668-0000

Community Information

County: Hennepin

Survey Range: 24

Survey Section: 21

Survey Township: 29

Taxes

Tax Year: 2023

Tax Amount: $4,909

Assessment Pending: No

Taxes w/Assessments: $4,909

This listing was last updated by Coldwell Banker Realty on 4/8/2024 at 1:28 pm.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 9/7/2024 10:25 pm.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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