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$400,000

7 Beds 2 Baths 3,140 SQFT 0.12 Acres
Type: Multi-Family

1237 Knox Avenue N
Minneapolis, MN 55411

MLS#: 7114876
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: Keller Williams Classic Rlty NW

Property Description

 

Fully remodeled duplex, ideal for owner-occupants, house hackers, or investors. Lower unit is occupied and features 3 BR / 1 BA with 1,196 square feet. Sun-filled upper unit offers 9' ceilings, 3 bedrooms, plus a large finished attic flex space, totaling 1,944 square feet. Flex space is perfect for a bedroom, office, studio, workout room, or playroom. Upper unit includes a heated 4-season porch. Building has a side porch perfect for grilling and an open front porch for relaxing. Central A/C and forced-air heat provide year-round comfort. Opportunity to move into the open unit while collecting rental income from the lower unit, or select your own future tenants. Both units have brand new stainless steel appliances. Property includes off-street parking for up to 4 compact vehicles or 3 larger vehicles. Convenient location near public transit, trails, parks, library, shopping, restaurants, and major highways. This turnkey duplex is ready for its next owner. Schedule a tour today!


 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area3,140 sqft
BasementDaylight/Lookout Windows, Full, Owner Access, Shared Access, Storage/Locker, Storage Space, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Square Feet0
Laundry FeaturesIn Basement, Common Area, Gas Dryer Hookup, Washer Hookup

General

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CountyHennepin
Directions94 West to MN-55 West towards 7th St N, Slight left turn onto N 7th St, then turn right onto 7th St N, left onto Plymouth Ave, Left on to Knox Ave N.
Electric Expense1020
Fuel Expense912
Garage Spaces0
Gross Income53400
HeatingBaseboard, Forced Air
High School DistrictMinneapolis
Insurance Expense3559.08
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area3,140 sqft
Lot Size UnitsAcres
MaintenanceExpense2800
Net Operating Income40668.92
New ConstructionNo
Number Of Units Total2
Operating Expense12731.08
OwnerPaysGrounds Care, Insurance, Repairs, Other, Pest Control, Sewer, Snow Removal, See Remarks, Taxes, Trash Collection, Water
Pool FeaturesNone
PostalCityMinneapolis
Property SubtypeDuplex Up and Down
Property TypeResidential Income
RoofAge Over 8 Years, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameOak Park Add
Tax Annual Amount$6,161
Tax Year2026
Tenant PaysElectricity, Gas, Heat, Hot Water, See Remarks, Water
Trash Expense1200
Water Sewer Expense6800
Year Built1912
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total4,336 sqft
FencingChain Link, Full, Privacy, Wood
Foundation Area1,400 sqft
Lot Dimensions43x136
Lot Size Area0 sqft
Parking FeaturesConcrete, Parking Lot, Unassigned, Open
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$400,000

7 Beds 2 Baths 3,140 SQFT 0.12 Acres
Type: Multi-Family

1237 Knox Avenue N
Minneapolis, MN 55411

MLS#: 7114876
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800