629 Oak ST SE, Minneapolis, MN 55414 - MLS#6704262

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sun

May

Mon

May

Tue

May

Nick Leavy

nick@ermetro.com +1(612) 236-5331

$995,000

Est. payment - /mo

10 Beds

4 Baths

2,679 SqFt

Save

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,679 sqft

Price per Sqft $371

Subdivision Meeker Island Land & Power Co Add Rev

MLS Listing ID 6704262

Style (MF) Other

Bedrooms 10

Year Built 1900

Annual Tax Amount $8,243

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 30x140

Property Description

Discover an exceptional front-to-back multi-level duplex nestled in the vibrant heart of Stadium Village at the University of Minnesota! This renovated property, features a rear addition completed in 2010, and offers the perfect blend of modern comfort and student-friendly living.
Each of the spacious units boasts 5 inviting bedrooms, 1.75 stylish baths, and private decks perfect for relaxation. Enjoy the convenience of in-unit laundry, separate mechanical systems, and the added perk of an off-street parking spot.
The front unit (#1) is currently occupied and generates a robust rental income of $3,020 per month, with a lease secured through August 26, 2025. The rear unit (#2) is also occupied, commanding a premium rent of $3,820 per month, with the same lease expiration. The seller covers the water, sewer, and trash bills, while charging tenants a modest reimbursement fee of $25 per tenant per month for these essential utilities. This property stands out as a premier investment opportunity for student housing, making it an invaluable addition to any real estate portfolio. Don't miss out on this remarkable chance to invest in a thriving community!

Location

State MN

County Hennepin

Community Meeker Island Land & Power Co Add Rev

Direction University Ave to south on Oak St to property.

Rooms

Basement Concrete Block, Full, Storage Space

Interior

Heating Forced Air

Laundry In Unit, Main Level

Exterior

Parking Features Assigned, Detached Garage, Driveway - Asphalt, Uncovered/Open

Garage Spaces 1.0

Roof Type Age Over 8 Years,Asphalt Shingles

Accessibility None

Porch Deck

Total Parking Spaces 1

Building

Lot Description Public Transit (w/in 6 blks), Tree Coverage - Medium

Water City Water/Connected

Architectural Style (MF) Other

Others

Senior Community No

Tax ID 3002923320047

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Read Less Info

Listed by Coldwell Banker Realty

PICK YOUR CITY