BEDS0
BATHS
SQUARE FEET2,301
MLS#7056792
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWays Add
SCHOOLMinneapolis
Property Description
Fully rented duplex near the University of Minnesota with strong rental history and consistent demand. This 3-story property offers 6 bedrooms, 2 bathrooms, and over 2,450 finished square feet, with spacious layouts and nice updates. Monthly rental income is $3,860. ($46,320 annual rental income)Potential for tri-plex conversion with high ceilings in the basement (buyer to verify), offering an opportunity to increase rental income and overall property value. Detached 3-car garage adds value for tenants and provides additional income potential.Prime location close to campus, restaurants, and major highways, making this a solid investment opportunity with long-term upside in a high-demand rental area.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Garage: 3
Heating: Boiler
Lot Size: 0.13 Acres
Taxes: $7,503
Year Built: 1900
Feature Descriptions
Days on Site: 46
Foundation Size: 1186
Lot: Public Transit (w/in 6 blks), Tree Coverage - Medium
Lot Dimensions: 40x137
Owners Expense: Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Repairs, Management, Roof Maintenance, Sewer, See Remarks, Taxes, Trash Collection, Water
Parcel#: 1902923220080
Parking: Detached Garage
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks
Sewer: City Sewer/Connected
Tenant Expenses: Broadband, Cable TV, Common Area Maintenance, Electricity, Fuel, Gas, Heat, Hot Water, Lawn Care, Snow Removal, See Remarks
Units: 2
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Real Listings
Agency Phone: 612-688-5273
Shown By
Agency Title: Joel Hentges - Re/Max Advantage Plus
Agency Phone: 952-475-9541
Estimate Your Payment
Estimated Payment
$ 1,725.28 per month $972.57 Principal & Interest $625.25 Property Tax $127.46 Homeowner's Insurance
1092 18th Avenue Se | MLS# 7056792
This multi-family property located at 1092 18th Avenue Se, Minneapolis, MN 55414 is currently listed for sale with an asking price of $437,000. 18th Avenue Se is located within the Minneapolis school district. Search Minneapolis real estate on www.homesbyjoel.com today.