1622 Jefferson ST NE Pending

Minneapolis,MN 55413

$ 439900

- Bed

- Bath

3064 SqFt


Key Details

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Pending

Purchase Type For Sale

Square Footage 3,064 sqft

Price per Sqft $143

Subdivision Mcmillans Add

MLS Listing ID 6607504

Year Built 1900

Annual Tax Amount $6,435

Tax Year 2024

Contingent None

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 128x40

Property 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!

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Egress Window(s)

Interior

Heating Baseboard,Forced Air

Fireplace No

Exterior

Parking Features Detached,Concrete

Garage Spaces 2.0

Fence Chain Link,Wood

Building

Lot Description Public Transit (w/in 6 blks)

Story More Than 2 Stories

Foundation 1081

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories More Than 2 Stories

Structure Type Vinyl Siding

New Construction false

Schools

School District Minneapolis

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