Address
2523 Newton Avenue N, Minneapolis, MN
Price
$ 225,000
Property Attributes
  • ID#6528507
  • TypeMulti-Family
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaForest Heights
  • NeighborhoodForest Heights
  • Zip55411
  • StyleDuplex Up and Down
  • Year Built1900
  • Taxes$ 2310
  • Price$ 225,000
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1231
  • Lot Size0.13 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description

TURN-KEY INCOME PROPERTY ON A HUGE LOT IN JORDAN! This property sets on a fully fenced double-wide lot. $30,000 gross annual income. The upper level 1-bedroom is tenant-occupied on a 1-year lease @ $1175/month. The 2-bedroom unit is vacant, so this home is available for owner-occupant buyers! Pay the majority of your mortgage with rental income!

Price History
5/1/2024 Listed $225,000

General Features

Sewer City Sewer/Connected
Heating Baseboard,Forced Air
Roof Pitched
Construction Materials Other
Year Built 1900
Tenant Pays Cable TV,Electricity,Gas
Levels Two
Property SubType Duplex Up and Down
Tax Year 2024
Gross Income 30300
OwnerPays Sewer,Taxes,Trash Collection
Accessibility None
County Hennepin
Operating Expense 6770
Insurance Expense 1800
New Construction No
Property Type Residential Income
Contingency None
Subdivision Name Forest Heights
Directions SW Corner of N 26th Ave and Newton.
City Minneapolis
Buyer Agent Compensation 2.50
High School District Minneapolis
Zoning Description Residential-Multi-Family
NumberOfUnitsTotal 2
Lot Size Units Acres
Land Lease Y/N No
Tax Annual Amount 2310
Water Sewer Expense 2400
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
PostalCity Minneapolis

Interior Features

Basement Full,Unfinished
Basement (Y/N) Yes
Above Grade Finished Area 1231
Fuel Electric,Natural Gas

Exterior Features

Fencing Chain Link,Full
Lot Features Corner Lot
Water Source City Water/Connected
Lot Size Area 0.13
Lot Dimensions 63x91
Foundation Area 705

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 55411

Price
AVG $280K
$230K
Taxes
AVG $3,200
$2,310
Visits
AVG 298
367
Data Provided by Inside Real Estate®
Year Built
AVG 1909
1900

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