1040 13th Avenue Se, Minneapolis

$529,000

0 Beds
0 Baths
0 Sqft
.21 Acres
0 Garages

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
Acres0.21
Year Built1979
TypeResidential Income
StatusActive
Community Information
Address1040 13th Avenue Se
AreaComo
SubdivisionElwells 2nd Add
CityMinneapolis
CountyHennepin
StateMN
Zip Code55414
School Information
DistrictMinneapolis
Additional Information
Days on Market155
ZoningResidential-Multi-Family
Listing Details
OfficeSavvy Avenue, LLC
Property History
Price Reduced from $549,000 to $529,000

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Listing information last updated on April 2nd, 2020 at 6:06pm CDT.