Discover an exceptional front-to-back multi-level duplex nestled in the vibrant heart of Stadium Village at the University of Minnesota! This renovated property, features a rear addition completed in 2010, and offers the perfect blend of modern comfort and student-friendly living. Each of the spacious units boasts 5 inviting bedrooms, 1.75 stylish baths, and private decks perfect for relaxation. Enjoy the convenience of in-unit laundry, separate mechanical systems, and the added perk of an off-street parking spot. The front unit (#1) is currently occupied and generates a robust rental income of $3, 020/month, (increases 9/1 to $3075/month) with a lease secured through 8/26/26. The rear unit (#2) is also occupied, commanding a premium rent of $3, 820/month, with the lease expiring 8/26/25. The seller covers the water, sewer, and trash bills, while charging tenants a modest reimbursement fee of $25 per tenant per month for these essential utilities. This property stands out as a premier investment opportunity for student housing, making it an invaluable addition to any real estate portfolio. Dont miss out on this remarkable chance to invest in a thriving community!
Property Features
Bedrooms
Other Rooms
- Basement Features: Concrete Block, Full, Storage Space
Bathrooms
Heating and Cooling
- Heating Features: Forced Air
- Heating Fuel: Natural Gas
Exterior and Lot Features
- Vinyl
- Road Frontage Type: City, Curbs, Paved Streets, Sidewalks, Storm Sewer, Street Lights
- Road Responsibility: Public Maintained Road
Land Info
- Land Lease Amount Frequency: No
- Lot Description: Public Transit (w/in 6 blks), Tree Coverage - Medium
- Lot Size Acres: 0.1
- Lot Size Dimensions: 30x140
- Topography: Level
- Lot Size Square Feet: 4356
Garage and Parking
- Garage Spaces: 1
- Parking Features: Assigned, Detached Garage, Driveway - Asphalt, Uncovered/Open
- Garage Sqft: 240
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Maintenance Expense: 3500.00
Rental Info
- Gross Income: 82080.00
- Tenant Pays: Broadband, Cable T.V., Electric, Heat
Multi-Unit Info
School Information
- School District: 1 - Minneapolis
Other Property Info
- Annual Tax Amount: 8243.00
- Source Listing Status: Active
- County: Hennepin
- Directions: University Ave to south on Oak St to property.
- Tax Year: 2025
- Source Property Type: Multi-Family
- Insurance Expense: 2300.00
- Source Neighborhood: Prospect Park - East River Road
- Owner Pays: Insurance, Lawn, Maintenance/Repair, Sewer, Snow, Taxes, Trash, Water
- Parcel Number: 3002923320047
- Postal Code Plus 4: 5026
- Public Survey Range: 23
- Public Survey Section: 30
- Public Survey Township: 29
- Subdivision: Meeker Island Land & Power Co Add Rev
- Zoning: Residential-Multi-Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 72780.00
- Operating Expense: 9300.00
Building and Construction
- Total Square Feet Living: 2679
- Above Grade Finished Area: 2679
- Foundation Area: 722.00
- Property Age: 125
- Property Condition: Previously Owned
- Roof: Age Over 8 Years, Asphalt Shingles
- Levels or Stories: 2
- Total Above Grade Sqft Area: 2679.00
- Total Area Main: 902.00
Utilities
- Electric: 100 Amp Service, Circuit Breakers
- Sewer: City Sewer/Connected
- Water Sewer Expense: 3500.00
- Water Source: City Water/Connected
