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Rick Theisen
REALTOR®, ABR ,CRS,GRI,SFR
(612) 554-1862

566 & 568 37th Avenue Ne, Minneapolis, MN 55421

$519,000
SQUARE FEET 2,729
MLS# 7149871
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Rick Theisen

Rick Theisen
Call: (612) 554-1862

STATUS: Active
PROPERTY TYPE: Multi Unit - Multiple
SUBDIVISION: Columbia Heights Add
SCHOOL: Minneapolis
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Property Description

Prime Northeast Minneapolis Duplex Investment!This turnkey, 100% leased side-by-side duplex offers robust, stable cash flow in a high-demand rental market.¢ The Property: Spacious side-by-side layout with 1,364 finished sq. ft. per side.¢ The Income: Strong gross rent of $4,965/month ($59,580 annually).¢ Guaranteed Revenue: Unit 566 is backed by MPHA rental assistance (approx. $1,976/mo / $23,712 annualized).¢ The Location: Quiet neighborhood within walking distance to Columbia Parkway, 2 miles to top NE bars/restaurants, and <5 miles to downtown.¢ Portfolio Option: Located at 566 & 568 37th Ave NE, this is part of a portfolio with 2549 11th Ave S (MLS 7149877). Properties can be sold individually.Please review the Offering Memorandum for additional details.

566 & 568 37th Avenue Ne | MLS# 7149871

This multi-family property located at 566 & 568 37th Avenue Ne, Minneapolis, MN 55421 is currently listed for sale with an asking price of $519,000. & 568 37th Avenue Ne is located within the Minneapolis school district. Search Minneapolis real estate on rtheisen.counselorrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished
Heating: Forced Air
Lot Size: 0.13 Acres
Taxes: $6,097
Year Built: 1963

Feature Descriptions

Foundation Size: 1491
Lot Dimensions: 45.00 X 123.00
Owners Expense: Exterior Maintenance, Insurance, Repairs, Roof Maintenance, Sewer, Taxes, Trash Collection, Water
Parcel#: 0202924120030
Parking: On-Street Parking Only
Sewer: City Sewer/Connected
Tenant Expenses: Broadband, Cable TV, Electricity, Gas, Lawn Care, Snow Removal
Units: 2
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: Edina Realty, Inc.
Agency Phone: 952-944-7107

Shown By

Agent Name: Rick Theisen
Agent Phone: (612) 554-1862
Agency Title: Counselor Realty

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Estimated Payment

$ 3,421.79 per month $2,762.34 Principal & Interest $508.08 Property Tax $151.38 Homeowner's Insurance

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Rick Theisen
Rick Theisen Cell: (612) 554-1862 Fax: (763) 416-2499 Email Me


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