About 1639 Russell Avenue N
This charming up/down duplex in North Minneapolis is a prime investment opportunity with a strong rental history and a Tier 1 rental license. It's also a great option for an owner-occupant, allowing you to live in one unit while the tenant helps pay toward your investment. Upgrades include exterior paint in 2024, bathrooms and bathroom windows 2015, and a roof replacement 2011. Additional features include stainless steel appliances, original hardwood floors, and built-in hutches which provide additional charm and functional storage. Each unit has separate electric and boiler systems, while the owner covers trash, water, and sewer. The coin-operated laundry in the basement offers additional income potential. This property generated $1,575 per month for the main level and $1,500 per month for the upper unit, totaling $3,075 in rental income. With consistent cash flow, modern updates, timeless character, and a top-tier rental license, this duplex is a fantastic opportunity for investors or owner-occupants alike.
Features of 1639 Russell Avenue N
| MLS® # | 6690850 |
|---|---|
| Price | $284,900 |
| Bathrooms | 0.00 |
| Square Footage | 2,288 |
| Acres | 0.12 |
| Year Built | 1925 |
| Type | Residential Income |
| Sub-Type | Duplex Up and Down |
| Style | Duplex Up and Down |
| Status | Active |
Community Information
| Address | 1639 Russell Avenue N |
|---|---|
| Area | Willard - Hay |
| Subdivision | Eastlawn Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55411 |
Amenities
| Amenities | Coin-op Laundry Owned |
|---|---|
| Garages | Gravel, Open |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Boiler, Hot Water |
|---|---|
| Fireplace | No |
Exterior
| Roof | Age Over 8 Years, Asphalt |
|---|---|
| Construction | Brick/Stone, Stucco |
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 46 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Coldwell Banker Realty |
|---|