1639 RUSSELL AVENUE
1639 Russell Avenue, Minneapolis, 55411, MN
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Price: $284,900
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Status type: For Sale
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City: Minneapolis
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Neighborhood: Willard - Hay
Bedrooms: 0
Property Size :2288
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Listing Agent: NST16219,NST60881
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Property type : Duplex Up and Down
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Zip code: 55411
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Street: 1639 Russell Avenue
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Street: 1639 Russell Avenue
Bathrooms: N/A
Year: 1925
Listing Brokerage: Coldwell Banker Burnet
DETAILS
This charming up/down duplex in North Minneapolis is a prime investment opportunity with a strong rental history and a Tier 1 rental license. It's also a great option for an owner-occupant, allowing you to live in one unit while the tenant helps pay toward your investment. Upgrades include exterior paint in 2024, bathrooms and bathroom windows 2015, and a roof replacement 2011. Additional features include stainless steel appliances, original hardwood floors, and built-in hutches which provide additional charm and functional storage. Each unit has separate electric and boiler systems, while the owner covers trash, water, and sewer. The coin-operated laundry in the basement offers additional income potential. This property generated $1,575 per month for the main level and $1,500 per month for the upper unit, totaling $3,075 in rental income. With consistent cash flow, modern updates, timeless character, and a top-tier rental license, this duplex is a fantastic opportunity for investors or owner-occupants alike.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: 2288 ft²
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: 2288ft²
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Basement Details: Full, Unfinished,
Appliances Included:
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EXTERIOR
Air Conditioning: N/A
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 1144ft²
Unit Amenities:
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Heating System:
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- Hot Water
- Boiler
LOT
Acres: N/A
Lot Size Dim.: irregular
Longitude: 44.9963
Latitude: -93.3111
Zoning: Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2024
Tax annual amount: $4,318
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADITIONAL INFORMATION
MLS#: NST7717462
Listing Brokerage: Coldwell Banker Burnet
ID: 3525586
Published: April 04, 2025
Last Update: April 04, 2025
Views: 9
