$439,900
Pending

1622 Jefferson Street NE

Minneapolis, MN 55413
Listing OfficeColdwell Banker Realty
Browse 43 photos
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

Old-world charm meets modern amenities in this duplex+ located in the heart of coveted NE Minneapolis. Smack dab in the center of the trendy & vibrant Northeast Minneapolis Arts District, there’s never a shortage of things to do and places to go in the area. Outstanding walkability + bikeability! Only a few blocks away from Central Ave NE, you’re within walking distance of some of the best restaurants, cafes, breweries, shops, and parks NE MPLS has to offer. The location also grants quick access to both downtowns as well as the U of M. Character abounds in this sun-drenched turn-of-the-century stunner: maple hardwood floors, beautiful stained glass windows, gorgeous chunky woodwork you don’t find in homes built today, five panel wood doors AND original hardware. The recently renovated 3rd story sets this income producing property apart from your standard up/down duplex (3rd story would need a second staircase to be a legal 3rd unit, please verify with and direct all questions to the City of Minneapolis). With no leases in place currently, an owner occupant buyer has extreme flexibility on how they approach this unique deal. Truly a massive building. Incredible price per square footage for the immediate neighborhood. The basement offers an interesting value add opportunity and screams potential. With adequate lower level ceiling height and an egress window already in place, one could readily increase the property’s finished square footage and bed/bath count. You’ve found the best of both worlds in 1622 Jefferson: strong cash flow in an appreciating market!

  • Interior Details
      • HeatingBaseboard, Forced Air
  • Property Details
      • Lot FeaturesPublic Transit (w/in 6 blks)
      • Lot DescriptionPublic Transit (w/in 6 blks)
    • Parking
      • Parking FeaturesDetached, Concrete
      • Parking Spaces2
  • Construction Details
      • Basement DescriptionEgress Window(s)
      • Property TypeMulti-Family
      • Basement1
    • Condition
      • Year Built1900
  • Utilities / Energy Details
      • Sewer InformationCity Sewer/Connected
      • Utility SourceCity Water/Connected
  • Community and Neighborhood Details
      • SubdivisionMcmillans Add
    • Location
      • School DistrictMinneapolis
      • CountyHennepin
  • Financial Details
      • Taxes Annual$6,435
      • Days on Market (Cumulative)59
  • Other
      • MLS #6607504

Location

Real Estate Crew MNReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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