5827 WINNETKA AVENUE
5827 Winnetka Avenue, New Hope, 55428, MN
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Price: $640,000
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Status type: For Sale
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City: New Hope
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Neighborhood: Registered Land Tract D Surv 1
Bedrooms: 0
Property Size :3734
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Listing Agent: NST10511,NST519992
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Property type : Duplex Side by Side
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Zip code: 55428
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Street: 5827 Winnetka Avenue
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Street: 5827 Winnetka Avenue
Bathrooms: N/A
Year: 1971
Listing Brokerage: Keller Williams Classic Rlty NW
DETAILS
Introducing a rare and exceptional opportunity to own a fully renovated side-by-side duplex, each unit offering 3 spacious bedrooms and 3 beautifully updated bathrooms. Perfectly positioned on a scenic Golf course, this property blends modern living with peaceful, green surroundings. Whether you're an investor seeking a solid, turn-key asset or a homebuyer looking to live in one unit while generating income from the other, this property checks all the boxes. Both units have been thoughtfully renovated from top to bottom, featuring brand-new kitchens with modern cabinetry, sleek countertops, and stainless-steel appliances. Fresh flooring, updated lighting, and stylish fixtures run throughout, while the bathrooms boast high-end tile work and contemporary vanities. Each side offers a spacious layout and is perfect for today's lifestyle. Step outside and enjoy views of the meticulously maintained golf course from your backyard, a truly rare setting for a multi-family property. Investment financials are as follows: When fully rented, the duplex generates $60,000 in annual rental income ($2,500 per unit per month). Operating expenses total $14,160 annually, including $4,800 for insurance, $8,400 in property taxes, and $960 for utilities. This results in a net operating income (NOI) of $45,840. The investment reflects a 7.16% cap rate, a debt service coverage ratio (DSCR) of 1.21, and an expense ratio of 24%, making it a solid income-producing opportunity.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: 3734 ft²
Below Ground Living: 1392ft²
Bathrooms: N/A
Above Ground Living: 2342ft²
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Basement Details: Block, Daylight/Lookout Windows, Egress Window(s), Finished,
Appliances Included:
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EXTERIOR
Air Conditioning: N/A
Garage Spaces: 2
Construction Materials: N/A
Foundation Size: 1992ft²
Unit Amenities:
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Heating System:
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- Forced Air
LOT
Acres: N/A
Lot Size Dim.: 100x132
Longitude: 45.0592
Latitude: -93.3809
Zoning: N/A
FINANCIAL & TAXES
Tax year: 2024
Tax annual amount: $8,126
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADDITIONAL INFORMATION
MLS#: NST7777961
Listing Brokerage: Keller Williams Classic Rlty NW
ID: 3928851
Published: July 25, 2025
Last Update: July 25, 2025
Views: 6
