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For Sale:  Minneapolis MLS# 7038056

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Active NEW!
$650,000
/mo Edit
Multi-family:  Duplex Up and Down
5 br • 3 ba • Built 1925
3,512 sqft • 0.11 acres
MLS# 7038056
763-576-8286
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    Property Description

    From its pleasant patio and perennial gardens to the five-year-old roof and superb vintage details, 100 West 40th Street is a stunning property inside and out! Meticulously restored and maintained, this King Field duplex appeals to the owner occupant as well as the discerning tenant. The main floor and upper units feature gracious living spaces, including a south-facing sunroom that offers a home-office option, 2 bedrooms, 1 bath, and an updated kitchen. In fact, Unit 2 boasts granite counters and lovely maple cabinetry. The beautiful woodwork, hardwood floors, built-ins and woodburning fireplace exude 1920s charm and the cozy sense of home. A non-conforming lower-level unit features one bedroom, one bath and spacious living area. Shared spaces include the patio, basement laundry facilities and the two-car garage. Walk to popular neighborhood restaurants, bike the paths, enjoy the lakes and the city, too, including the quick commute that Blaisdell Avenue offers.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $650,000
    Price per sq ft: $185
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1925
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55409
    Neighborhood/Area: 40
    Subdivision Name: Van Nests Add

    Interior

    Bedrooms: 5
    Bathrooms: 3
    Finished Area: 3,512 ft2
    Living Area: 3,512 ft2
    Refrigerators: One Per Unit
    Basement Details:
    • Egress Window(s)
    • Finished
    • Partially Finished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 323 ft2
    Foundation Size: 1,214 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Hot Water
    • Radiator
    Parking Features:
    • Detached Garage
    • Garage Door Opener
    • Shared Garage/Stall
    Shared Amenities:
    • In-Ground Sprinkler System
    • Laundry
    • Patio
    Road Frontage: Sidewalks
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Rooms

    Laundry:
    • Common Area
    • In Basement

    Lot & Land

    Acres: 0.11
    Geolocation: 44.930751, -93.280002
    Lot Dimensions: 40X115
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Light

    Schools

    School District: 558
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: $1,500
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $3,054
    Annual Maintenance Expense: None
    Annual Trash Expense: $917
    Annual Water/Sewer Expense: $1,379
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $10,195
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $10,195

    Income

    Annual Gross Income: $52,200

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    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 Lakes Area Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.