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3659 3rd Street NE

Minneapolis, MN 55418
  • $499,900
  • STATUS: Active
  • ON SITE: 44 Days
  • ID#: 6497976
$499,900
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,438
    SQFT
  • $145
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1926
County:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Edina Realty, Inc..

Description

Mixed-use income generating investment or live/work property with a single family home & commercial building in the heart of NE MPLS, Completely renovated, spacious & open floor plan in the commercial building with 2000 SF & large unfinished basement, currently being used as a fitness studio by the long term tenants. Beautiful & durable wood floors, large windows, updated 1/2 bath & kitchen. The story & a half single family home has 1440 finished sq. ft, updated kitchen with new cabinets, two BRs on each floor, two remodeled baths, & a full unfinished basement. One car garage & additional parking spaces. New concrete patio. Per the previous owner, roof was replaced in 2017, newer furnace systems in both properties including duct replacement, central air in the commercial space and portable A/C unit in the house. Fresh interior & exterior paint, Same long term tenants occupy the house and the commercial space. Great income generating property at 7% cap rate.

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IDX data © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Twin Cities Elite Real Estate Group | eXp Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Twin Cities Elite Real Estate Group | eXp Realty is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Twin Cities Elite Real Estate Group | eXp Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2024-04-17T23:47:23.207.

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3659 3rd Street NE Minneapolis, MN 55418

  • Price: $499,900
  • Status: Active
  • On Site: 44 Days
  • ID#: 6497976
0
Beds
0
Baths
0
½ Baths
0.18
Acres
3,438
SQFT
$145
$/SQFT
1926
Built
Neighborhood:
Columbia Heights Add
County:
Hennepin
Area:
Columbia Park
School District:
1 - Minneapolis
Property Description
Mixed-use income generating investment or live/work property with a single family home & commercial building in the heart of NE MPLS, Completely renovated, spacious & open floor plan in the commercial building with 2000 SF & large unfinished basement, currently being used as a fitness studio by the long term tenants. Beautiful & durable wood floors, large windows, updated 1/2 bath & kitchen. The story & a half single family home has 1440 finished sq. ft, updated kitchen with new cabinets, two BRs on each floor, two remodeled baths, & a full unfinished basement. One car garage & additional parking spaces. New concrete patio. Per the previous owner, roof was replaced in 2017, newer furnace systems in both properties including duct replacement, central air in the commercial space and portable A/C unit in the house. Fresh interior & exterior paint, Same long term tenants occupy the house and the commercial space. Great income generating property at 7% cap rate.
Exterior Features

Construction Materials Metal SidingStucco Foundation Area 3000 Foundation Dimensions 54x37 37x26 Garage Dimensions 20x14 Garage Door Height 7 Garage Door Width 9 Garage Square Feet 280 Levels One Lot Features Public Transit (w/in 6 blks)Corner LotTree Coverage - Medium Lot Size Dimensions 60x128 Parking Features DetachedConcrete Parking Open 3 Road Frontage Type City StreetPaved StreetsSidewalks Roof Age 8 Years or LessAsphaltFlatPitchedTar/Gravel

Interior Features

Amenities Unit CableHardwood FloorsKitchen WindowNatural WoodworkPatioSecurity SystemTile FloorsWasher/Dryer Hookup Appliances DishwasherDisposalDryerExhaust FanGas Water HeaterRangeRefrigeratorWasher Basement BlockDrain TiledDrainage SystemFullPartially FinishedStorage SpaceSump PumpUnfinished Cooling Central AirWindow Unit(s) Heating Forced Air Refrigerator Num One Per Unit

Property Features

Accessibility Features None Additional Parcels YN No Assessment Pending No Association Amenities Common GardenOtherPatio Contingency None Current Use CommercialResidential Electric Expense 0 Expenses 7408.0000 Foreclosure Status No Fractional Ownership YN No Fuel Natural Gas Fuel Expense 0 Gross Income 49800 Inclusions BuildingLand Insurance Expense 3600 Land Lease YN No Lender Owned No Maintenance Expense 0 Manager Expense 0 Net Operating Income 35333 Operating Expense 14467 Other Expense 1000 Owner Pays InsuranceRepairsTaxesTrash CollectionWater Postal City Minneapolis Potential Short Sale No Rental License YN No Road Responsibility Public Maintained Road Sewer City Sewer/Connected Tax Annual Amount 7059 Tax With Assessments 7059.0000 Tax Year 2024 Tenant Pays Cable TVElectricityFuelGrounds CareSnow Removal Trash Expense 528 Utilities Electric CommonHeating SeparateHot Water Common Water Sewer Expense 2280 Water Source City Water/Connected Zoning Description Business/Commercial

NorthstarMLS] logo © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Edina Realty, Inc.: . This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Twin Cities Elite Real Estate Group | eXp Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Twin Cities Elite Real Estate Group | eXp Realty is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Twin Cities Elite Real Estate Group | eXp Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2024-04-17T23:47:23.207.

Click here for Digital Millennium Copyright Act
 
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Twin Cities Elite Real Estate Group | eXp Realty
Blaine MN,
NorthstarMLS] logo Listing courtesy of Edina Realty, Inc..