Updated 4 days ago

$995,000

629 Oak Street SEMinneapolis, MN 55414

Type: Multi-Family

2 Units

Description

Terrific front to back multi-level duplex in the heart of Stadium Village at the U of M. Fully renovated with an addition in 2010, each unit boasts 5 bedrooms, 1.75 baths, open concept main level, in-unit laundry, private deck, separate mechanicals and off-street parking! Front Unit 1 rents @ $3020/month and is leased thru 8/26/2025. Back Unit 2 rents @ $3820/month and is leased thru 8/26/25. Tenants pay gas, electric. Seller maintains and pays the water/trash bill and charges back the tenants each month ($25/per tenant/per month). HVAC in both units cleaned/tuned in June. Detached 1 car garage and 4 off-street parking spots in the back. Great student housing opportunity!

MLS ID: 6554128

Directions: University Ave to south on Oak St to property. Parking limited.

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Property Details

Essential Details

MLS #: 6554128

Listing courtesy of: Coldwell Banker Realty

Price: $995,000

Type: Multi-Family

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Total Units: 2

Annual Gross Income: $82,080

Annual Misc. Income: $0

Monthly Misc. Income: $0

Operating Expense: $9,300

Annual Gross Expense: $8,800

Annual Insurance Expense: $2,300

Annual Maintenance Expense: $3,000

Annual Water/Sewer Expense: $3,500

Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Owner Pays: Insurance, Repairs, Sewer, Taxes, Trash Collection

Parking Features: Detached, Concrete, Open

Garage SqFt: 240

Garage Spaces: 1

Building Details

Owner Occupied: No

Finished SqFt Total: 2,679

Finished Above Grade: 2,679

Fireplace: No

Construction Materials: Vinyl Siding

AccessibilityFeatures: None

Roof: Age Over 8 Years, Asphalt

Heating: Forced Air

Electric: Circuit Breakers, 100 Amp Service

Style: Duplex Other

Foundation Area: 722

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: Meeker Island Land & Power Co Add Rev

Lot Dimensions: 30x140

Fence: None

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

School Information

District: Minneapolis

District Number: 1

District Phone: 612-668-0000

Community Information

County: Hennepin

Survey Range: 23

Survey Section: 30

Survey Township: 29

Taxes

Tax Year: 2024

Tax Amount: $6,974

Assessment Pending: No

Taxes w/Assessments: $6,974

This listing was last updated by Coldwell Banker Realty on 9/3/2024 at 10:41 am.

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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