612-656-1200

2247 NE Buchanan Street
Minneapolis, MN 55418
MLS #4880236

Multi-Family
  • 2units
  • 3beds
  • 0.13acres
  • 2,723sq ft
$343,098
Est. P&I payment: $1310.4/mo
2247 NE Buchanan Street, Minneapolis, MN 55418
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Description for 2247 NE Buchanan Street, Minneapolis, MN 55418
Great owner-occupant or investment opportunity in the heart of NE MPLS! 8.7% cap, previously rented for $1,250/unit. Median rents for the area ~ $1,600. Tons of room to escalate rents and enhance proforma. The property boasts many nice updates and beautiful craftsmanship, reflective in the millwork throughout. Triple stall garage further enhances the property's operational functionality from a tenant and landlord perspective. Don't miss this opportunity!
MLS #4880236
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My Notes for MLS #4880236

General Features

  • Propery Type: MF
  • Total Number of Units: 2
  • Year Built: 1900
  • Acres: 0.13
  • Foreclosure Status: No
  • Lender Owned: No
  • Lot Description: Corner Lot
  • Lot Dimensions: 43.8x124.7
  • Status: Active
  • Style: (MF) Duplex Up and Down

Exterior Features

  • Exterior: Stucco
  • Garage Stalls: 3
  • Roof: Age 8 Years or Less

Interior Features

  • Total Finished Square Footage: 2,723
  • Handicap Accessible: None
  • Basement: Partial Finished,​Concrete Block
  • Above Ground Finished SqFt: 2,404
  • Below Ground Finished SqFt: 319
  • Unit 1 Bath Full: 1
  • Unit 1 Total Baths: 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Number of Units: 2
  • Unit 1 Total Rooms: 12
  • Unit 1 Finished Square Footage: 2,404

Utilities Features

  • Water: City Water/Connected
  • Fuel: Natural Gas
  • Heating: Forced Air
  • Unit 1 Air: Central
  • Sewer: City Sewer/Connected

Financial Features

  • Annual rent: 30,000
  • Annual Gross Income: 30,000
  • Tax Amount: 3,717
  • Tax With Assessments: 3,717
  • Tax Year: 2017

Community Features

  • Municipality: Minneapolis
  • County: Hennepin
  • Neighborhood: Windom Park
  • Postal City: Minneapolis (MN)

School Features

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Misc Features

  • Amenities - Shared: Deck
  • Construction Status: Previously Owned
  • Foundation Size: 1,210
  • Homestead: Yes
  • Potential Short Sale: No
  • Zoning: Residential-Multi-Family

Location

 
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Directions to 2247 NE Buchanan Street, Minneapolis, MN 55418
From I94, exit Broadway St NE, head east on Broadway St NE. Turn left on Central Ave NE. Turn right on NE Lowry Ave. Turn right on Buchanan St NE. From 35W, exit Johnson St NE. Head north on Johnson St NE. Turn left at 23rd Ave NE. Le
The listing information for 2247 NE Buchanan Street, Minneapolis, MN 55418 was graciously provided by our friends at the listing brokerage, RE/MAX Advantage Plus

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Wintrust Mortgage
Hudson Murphy
Eagan, MN
(651) 276-2349 Office
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P&I Payment $1310.4
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Last Updated 10/20/2017 at 1:41am
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