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$275,000

4 Beds 2 Baths 1,700 SQFT 0.14 Acres
Type: Multi-Family

3339 Aldrich Avenue N
Minneapolis, MN 55412

MLS#: 7151063
The Real Estate Advantage
Presented by: Howard Gangestad Real Estate

Property Description

 

Welcome to this income-producing duplex! The lower unit is designed with the owner-occupant in mind. It features a spacious layout, hardwood floors, large kitchen and 2 nice porch areas. The upper unit presents an exceptional opportunity for generating income. With its separate entrance and distinct living space, it offers privacy and independence. Investors will appreciate its potential for rental income. This property recently completed MPLS lead abatement program with $40k improvements in new windows, paint projects, etc. In addition, new roof in 2019 and new garage doors installed 2023. With separate utilities, each unit offers independent control and cost management. Conveniently located in Mpls, residents will enjoy easy access to public transportation, parks, and downtown, while maintaining a peaceful neighborhood atmosphere. The property's income-generating potential, coupled with its desirable features and separate utilities, makes it an excellent investment opportunity.


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area1,700 sqft
BasementPartial
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Door Width7 sqft
Garage Square Feet350
Laundry FeaturesIn Basement, Gas Dryer Hookup, Washer Hookup

General

AccessibilityNone
Additional Parcels Description4694
Additional Parcels Y/NYes
Carport Spaces2
CityMinneapolis
ContingencyNone
CountyHennepin
Directions94 to Dowling (W) to Aldrich (S) to home.
Electric100 Amp Service
Electric Expense0
Fuel Expense0
Garage Spaces2
Gross Income36000
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense1500
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area1,700 sqft
Lot Size UnitsAcres
MaintenanceExpense1000
Net Operating Income29000
New ConstructionNo
Number Of Units Total2
Operating Expense7000
OwnerPaysInsurance, Taxes, Trash Collection
PostalCityMinneapolis
Property SubtypeDuplex Up and Down
Property TypeResidential Income
RoofAsphalt
SewerCity Sewer/Connected
Standard StatusActive
Tax Annual Amount$4,694
Tax Year2026
Tenant PaysElectricity, Gas
Trash Expense500
Water Sewer Expense1500
Year Built1898

Exterior

Building Area Total1,700 sqft
Foundation Area989 sqft
Lot Dimensions46x126
Lot FeaturesPublic Transit (w/in 6 blks)
Lot Size Area0 sqft
Parking FeaturesDetached Garage
Road Frontage TypeCity Street
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

$275,000

4 Beds 2 Baths 1,700 SQFT 0.14 Acres
Type: Multi-Family

3339 Aldrich Avenue N
Minneapolis, MN 55412

MLS#: 7151063
The Real Estate Advantage