• Price$529,000
  • Built1979
  • Taxes$7,187

1040 13th Avenue Se, Minneapolis

UNIVERSITY OF MINNESOTA DUPLEX AKA "GOPHER HOUSE" 1042 unit has 5 bedrooms and 1 bath with large kitchen, 2 decks, living room, and large laundry room utility room 1040 unit has 4 bedrooms and 2 bathrooms with large deck, large kitchen, dining room, family room and large laundry room GROSS INCOME ANNUALLY $59,050 NET INCOME ANNUALLY $45,792 on a $549,000 purchase price that is a 8.3% CAP rate!!!!!!!!!!!!!!! Large backyard with firepit. Either run this duplex at the U of M OR bulldoze and build a new multiplex on the large lot at the U of M. OPPORTUNITY ZONE! 2.5 STORIES AND MULTI UNIT POSSIBLE

Essential Information

  • MLS® #5319912
  • Price$529,000
  • Year Built1979
  • TypeResidential Income
  • StatusActive
  • Taxes$7,187

School Information

  • DistrictMinneapolis

Listing Details

  • Listing OfficeSavvy Avenue, LLC

Community Information

  • Address1040 13th Avenue Se
  • AreaComo
  • SubdivisionElwells 2nd Add
  • CityMinneapolis
  • CountyHennepin
  • StateMN
  • Zip Code55414

Additional Information

  • Days on Market155
  • ZoningResidential-Multi-Family

MLS #5319912 is a Residential Income listing, located at 1040 13th Avenue Se in Minneapolis, MN.

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