629 OAK STREET
629 Oak Street, Minneapolis, 55414, MN
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Price: $995,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: Prospect Park - East River Road
Bedrooms: 0
Property Size :2679
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Listing Agent: NST16638,NST57111
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Property type : Other
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Zip code: 55414
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Street: 629 Oak Street
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Street: 629 Oak Street
Bathrooms: N/A
Year: 1900
Listing Brokerage: Coldwell Banker Burnet
DETAILS
Discover an exceptional front-to-back multi-level duplex nestled in the vibrant heart of Stadium Village at the University of Minnesota! This renovated property, features a rear addition completed in 2010, and offers the perfect blend of modern comfort and student-friendly living. Each of the spacious units boasts 5 inviting bedrooms, 1.75 stylish baths, and private decks perfect for relaxation. Enjoy the convenience of in-unit laundry, separate mechanical systems, and the added perk of an off-street parking spot. The front unit (#1) is currently occupied and generates a robust rental income of $3,020 per month, with a lease secured through August 26, 2025. The rear unit (#2) is also occupied, commanding a premium rent of $3,820 per month, with the same lease expiration. The seller covers the water, sewer, and trash bills, while charging tenants a modest reimbursement fee of $25 per tenant per month for these essential utilities. This property stands out as a premier investment opportunity for student housing, making it an invaluable addition to any real estate portfolio. Don’t miss out on this remarkable chance to invest in a thriving community!
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: 2679 ft²
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: 2679ft²
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Basement Details: Block, Full, Storage Space,
Appliances Included:
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EXTERIOR
Air Conditioning: N/A
Garage Spaces: 1
Construction Materials: N/A
Foundation Size: 722ft²
Unit Amenities:
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Heating System:
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- Forced Air
LOT
Acres: N/A
Lot Size Dim.: 30x140
Longitude: 44.9691
Latitude: -93.2267
Zoning: Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2025
Tax annual amount: $8,243
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADITIONAL INFORMATION
MLS#: NST7728862
Listing Brokerage: Coldwell Banker Burnet
ID: 3527602
Published: April 16, 2025
Last Update: April 16, 2025
Views: 16
