4516 S Colfax Avenue
Minneapolis, MN 55419
MLS #4914556

Multi-Family
  • 2units
  • 5beds
  • 3,092sq ft
$675,000
Est. P&I payment: $2578.04/mo
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Description for 4516 S Colfax Avenue, Minneapolis, MN 55419
Period charm and character in meticulous condition. Beautiful owner-occupied multifamily opportunity. Gorgeous hardwood throughout. 2 bedroom main level with 3 bedrooms in the upper unit. Large master suite complete with full bath on third floor with updated real cherry hardwood! Updated cabinets throughout. All windows updated. Dedicated laundry for each unit, 2nd floor and in basement. Split two-car garage. Split boilers and electric.Close to city lakes, local eateries, schools and parks.
MLS #4914556
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My Notes for MLS #4914556

General Features

  • Propery Type: MF
  • Total Number of Units: 2
  • Year Built: 1900
  • Foreclosure Status: No
  • Lender Owned: No
  • Lot Description: Tree Coverage - Medium,​City Bus (w/in 6 blks)
  • Lot Dimensions: 54x134
  • Status: Active
  • Style: (MF) Duplex Up and Down

Exterior Features

  • Exterior: Stucco
  • Fencing: Chain Link,​Partial
  • Road Frontage: City,​Paved Streets,​Sidewalks
  • Parking Characteristics: Detached Garage,​Assigned
  • Garage Stalls: 2
  • Roof: Asphalt Shingles,​Age Over 8 Years

Interior Features

  • Total Finished Square Footage: 3,092
  • Handicap Accessible: None
  • Basement: Full,​Day/Lookout Windows,​Stone,​Unfinished
  • Above Ground Finished SqFt: 3,092
  • Unit 1 Amenities: Deck,​Natural Woodwork,​Hardwood Floors,​Tile Floors,​Washer/Dryer Hookup
  • Unit 1 B1 Dimensions: 12x10
  • Unit 1 B1 Level: Main (Ground)
  • Unit 1 B2 Dimensions: 12x10
  • Unit 1 B2 Level: Main (Ground)
  • Unit 1 Bath Characteristics: Main Floor Full Bath
  • Unit 1 Bath Full: 1
  • Unit 1 Total Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Dining Room: Separate/Formal Dining Rm
  • Unit 1 Dining Room Dimensions: 17x15
  • Unit 1 Dining Room Level: Main (Ground)
  • UNIT1_Ex-1 Dimensions: 6x7
  • UNIT1_Ex-1 Level: Main (Ground)
  • Unit 1 Ex-1 Name: Pantry (Walk-In)
  • Unit 1 Ex-2 Dimensions: 6x4
  • Unit 1 Ex-2 Level: Main (Ground)
  • Unit 1 Ex-2 Name: Storage Room
  • Unit 1 Fireplace Location/Charac: Living Room,​Wood Burning
  • Unit 1 Num Fireplaces: 1
  • Unit 1 Family Rm Characteristics: Main Level,​Family Room
  • Unit 1 Kitchen Dimensions: 13x9
  • Unit 1 Kitchen Level: Main (Ground)
  • Unit 1 Living Room Dimensions: 25x11
  • Unit 1 Living Room Level: Main (Ground)
  • Unit 1 Number of Units: 1
  • Unit 1 Parking Spaces: 1
  • Unit 1 Special Rooms: Main Floor Bedroom
  • Unit 1 Total Rooms: 6
  • Unit 1 Finished Square Footage: 1,200
  • Unit 2 Amenities: Deck,​Natural Woodwork,​Skylight,​Hardwood Floors,​Tile Floors,​Washer/Dryer Hookup
  • Unit 2 Bedroom 1 Dimensions: 12x10
  • Unit 2 Bedrrom 1 Level: Upper
  • Unit 2 Bedroom 2 Level: 12x10
  • Unit 2 Bedrrom 2 Level: Upper
  • Unit 2 Bedroom 3 Dimensions: 13x25
  • Unit 2 Bedroom 3 Level: Third
  • Unit 2 three Quarter Bath: 1
  • Unit 2 Bath Characteristics: ,​3/4 Master,​Private Master
  • Unit 2 Full Bath: 1
  • Unit 2 Total Baths: 2
  • Unit 2 Number of Bedrooms: 3
  • Unit 2 Dining Room: Separate/Formal Dining Rm
  • Unit 2 Dimensions: 16x15
  • Unit 2 Dining Room Level: Upper
  • Unit 2 Ex-1 Dimensions: 11x9
  • Unit 2 Ex-1 Level: Upper
  • Unit 2 Ex-1 Name: Office
  • Unit 2 Ex-2 Dimensions: 13x6
  • Unit 2 Ex-2 Level: Upper
  • Unit 2 Ex-2 Name: Laundry
  • Unit 2 Ex-3 Dimensions: 14x13
  • Unit 2 Ex-3 Level: Third
  • Unit 2 Ex-3 Name: Sitting Room
  • Unit 2 Fireplace Characteristics: Living Room,​Wood Burning
  • Unit 2 Number of Fireplaces: 1
  • Unit 2 Kitchen Dimensions: 13x8
  • Unit 2 Kitchen Level: Upper
  • Unit 2 Living Room Dimensions: 26x11
  • Unit 2 Living Room Level: Upper
  • Unit 2 Number of Units: 1
  • Unit 2 Parking Spaces: 1
  • Unit 2 Special Rooms: 2nd Floor Laundry
  • Unit 2 Total Rooms: 10
  • Unit 2 Finished Square Footage: 1,892

Utilities Features

  • Water: City Water/Connected
  • Fuel: Natural Gas,​Electric
  • Heating: Baseboard,​Hot Water,​Boiler
  • Unit 1 Appliances: Range,​Microwave,​Refrigerator,​Washer,​Dryer
  • Unit 1 Air: Ductless Mini-Split
  • Unit 2 Appliances: Range,​Microwave,​Refrigerator,​Washer,​Dryer
  • Unit 2 Air: Ductless Mini-Split
  • Number of Ranges: One Per Unit
  • Number of Refrigerators: One Per Unit
  • Sewer: City Sewer/Connected

Financial Features

  • Annual rent: 16,200
  • Annual Gross Income: 36,000
  • Annual Insurance Expense: 4,991
  • Annual Gross Expense: 19,727
  • Annual Trash Expense: 1,727
  • Unit 1 Monthly Rent: 1,350
  • Unit 2 Annual Rent: 19,800
  • Unit 2 Monthly Rent: 1,650
  • Tax Amount: 9,977
  • Tax With Assessments: 10,360
  • Tax Year: 2017
  • Tenant Expenses: Electric,​Fuel,​Cable T.V.

Community Features

  • Municipality: Minneapolis
  • County: Hennepin
  • Neighborhood: East Harriet
  • 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: 1,308
  • Has Supplements: 1
  • Homestead: No
  • Potential Short Sale: No
  • Zoning: Residential-Multi-Family

Location

 
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Directions to 4516 S Colfax Avenue, Minneapolis, MN 55419
LYNDALE TO 45TH, WEST TO COLFAX
The listing information for 4516 S Colfax Avenue, Minneapolis, MN 55419 was graciously provided by our friends at the listing brokerage, Keller Williams Integrity Realty

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Steven Nelson
MN
763-218-0451 Office
763-218-0451 Mobile
763-390-3138 Fax
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P&I Payment $2578.04
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Last Updated 04/22/2018 at 2:41am
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