4240 28th Avenue S, Minneapolis, MN 55406 (MLS# 7037588)

Overview

Description

Classic So Minneapolis double bungalow situated nicely just down the street from Hiawatha Lake, park & golf course...plus access to miles of walking/biking trails. Also, just down the street from Northern Coffeeworks coffee shop, A Bakers Wife Bakery, Busters Pub & Grill, a neighborhood supermarket & gift shop. 1BR /1BA units. Whether you're looking for an owner occupant home with built-in income or an excellent investment opportunity, this charming duplex & neighborhood will be a great fit! Stucco exterior with arched entry to front porch. Private back yard with small patio & storage shed. Inside 4240 unit (currently vacant for selling purposes) you'll find HW floors, Natural WW, cove molding & piano windows in LR/DR. Updated kitchen with natural wood cabinets, SS appliances & new counter top. Updated bath with tile shower surround, pedestal sink & wainscoting. Quiet BR tucked at the back. Back hall acts as entry/mud room with storage closet. 2nd unit rented at $850 (low for market). Each unit has its own private/lockable basement with laundry & storage. Mechanically strong with newer furnaces/AC units (approx. 8 years), newer roof (approx. 2 yrs), 100 amp electric, vinyl windows, glass block windows in basement. 2 car gar w/GDO's plus concrete driveway. Nice...come check it out!

Open Houses

Sunday, April 12, 12:00 pm - 3:00 pm

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Waterfront Present: No
Year Built: 1929
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1450
Above Ground SqFt: 1450
Below Grd Total SqFt: 1450
Total SqFt: 2900
Foundation Size: 1450
Style: (MF) Duplex Side X Side
Total Finished Sqft: 1450.00
Garage Stalls: 2
Lot Dimensions: 40x126
Acres: 0.12
Assessment Pending: No

Property Features

Accessible: None Basement: Concrete Block; Single Tenant Access; Storage Space; Unfinished Construction Status: Previously Owned Electric: 100 Amp Service; Circuit Breakers Exterior: Stucco Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: Gas Dryer Hookup; Lower Level; Sink; Washer Hookup Owner Pays: Insurance; Maintenance/Repair; Sewer; Trash Collection; Water Parking Characteristics: Garage Door Opener Roof: Age 8 Years or Less; Architectural Shingle Sewer: City Sewer/Connected Stories: One Tenant Pays: Electricity; Gas Unit 1 Amenities: Hardwood Floors; Main Floor Primary Bedroom; Natural Woodwork; Washer/Dryer Hookup Unit 1 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Living/Dining Room Unit 1 Special Search: Main Floor Primary Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 375000
ListPrice: 375000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 4240
Street Name: 28th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55406
Complex/Dev/Subdivision: Rice Lake Terrace Add

Assessments

Tax With Assessments: 6325
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1450

More Information

Income and Expenses

Annual Gross Income: 20440
Annual Insurance Expense: 1139
Annual Net Income: 20400
Annual Water/Sewer Expense: 1440
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 20x20
Garage Square Feet: 400
Garage Door Opener: Yes

Public Survey Info

Range#: 24
Section#: 12
Township#: 28

Unit 1

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 10200
Finished SqFt: 725
Full Baths: Yes
Monthly Rent: 850
No. of Units Like This: 2
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 5

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 011 BLOCK 001 RICE LAKE TERRACE ADDN TO MPLS
Listing City: Minneapolis
Map Page: 121
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 5869
Property ID Number: 1202824420082
Tax Year: 2025
Tax Amount: 6325
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Classic So Minneapolis double bungalow situated nicely just down the street from Hiawatha Lake, park & golf course...plus access to miles of walking/biking trails. Also, just down the street from Northern Coffeeworks coffee shop, A Bakers Wife Bakery, Busters Pub & Grill, a neighborhood supermarket & gift shop. 1BR /1BA units. Whether you're looking for an owner occupant home with built-in income or an excellent investment opportunity, this charming duplex & neighborhood will be a great fit! Stucco exterior with arched entry to front porch. Private back yard with small patio & storage shed. Inside 4240 unit (currently vacant for selling purposes) you'll find HW floors, Natural WW, cove molding & piano windows in LR/DR. Updated kitchen with natural wood cabinets, SS appliances & new counter top. Updated bath with tile shower surround, pedestal sink & wainscoting. Quiet BR tucked at the back. Back hall acts as entry/mud room with storage closet. 2nd unit rented at $850 (low for market). Each unit has its own private/lockable basement with laundry & storage. Mechanically strong with newer furnaces/AC units (approx. 8 years), newer roof (approx. 2 yrs), 100 amp electric, vinyl windows, glass block windows in basement. 2 car gar w/GDO's plus concrete driveway. Nice...come check it out!
Directions: Minnehaha Ave to 42nd Street, West to 28th Ave, left to home. OR - Cedar Ave to 42nd Street, East to 28th Ave, right to home. OR - Hwy 62 to 28th Ave exit, North to home.

Accessible

None: Yes

Basement

Concrete Block: Yes
Single Tenant Access: Yes
Storage Space: Yes
Unfinished: Yes

Construction Status

Previously Owned: Yes

Electric

100 Amp Service: Yes
Circuit Breakers: Yes

Exterior

Stucco: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

Gas Dryer Hookup: Yes
Lower Level: Yes
Sink: Yes
Washer Hookup: Yes

Owner Pays

Insurance: Yes
Maintenance/Repair: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Roof

Age 8 Years or Less: Yes
Architectural Shingle: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

Tenant Pays

Electricity: Yes
Gas: Yes

Unit 1 Amenities

Hardwood Floors: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes
Washer/Dryer Hookup: Yes

Unit 1 Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Dining Room Description

Living/Dining Room: Yes

Unit 1 Special Search

Main Floor Primary: Yes