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For Sale:  Minneapolis MLS# 7029721

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Active NEW!
$395,000
/mo Edit
Multi-family:  2 Stories
3 br • 2 ba • Built 1910
1,574 sqft • 0.28 acres
MLS# 7029721
952-484-0190
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    Property 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. Property sold as-is.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $395,000
    Price per sq ft: $251
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1910
    State: MN
    Property Style: 2 Stories
    Zip Code: 55405
    Neighborhood/Area: 30
    Subdivision Name: Byrnes Add

    Interior

    Bedrooms: 3
    Bathrooms: 2
    Finished Area: 1,574 ft2
    Living Area: 1,574 ft2
    Refrigerators: One Per Unit
    Basement Details: Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 830 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: On-Street Parking Only
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Exterior Material: Frame
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Rooms

    Laundry: In Basement

    Lot & Land

    Acres: 0.28
    Geolocation: 44.977759, -93.301072
    Lot Dimensions: Irregular
    Zoning: Other
    Lot Description:
    • Irregular Lot
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Farm

    Topography: Level

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $3,000
    Annual Maintenance Expense: $2,700
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,220
    Tenant Expenses: Electricity, Fuel

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $4,543
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,543

    Income

    Annual Gross Income: $25,800
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Annual Net Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty - Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.