508 Shadyside Circle, Hopkins, MN 55343 (MLS# 7006664)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1968
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1107
Above Ground SqFt: 2214
Below Grd Total SqFt: 1107
Total SqFt: 3321
Foundation Size: 1200
Style: (MF) Duplex Side X Side
Total Finished Sqft: 2548.00
Garage Stalls: 2
Lot Dimensions: 77x146
Acres: 0.18
Assessment Pending: No

Property Features

Accessible: None Basement: Concrete Block Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Brick/Stone; Fiber Board Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: In Basement Lot Description: Tree Coverage - Light Rental License Type: Standard Road Frontage: Cul De Sac Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sewer: City Sewer/Connected Stories: Two Tenant Pays: Cable TV; Electricity; Gas; Snow Removal; Trash Collection; Water Unit 1 Appliances: Dryer; Range; Refrigerator; Washer Unit 1 Bath Description: Main Floor 1/2 Bath; Upper Level Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Informal Dining Room Unit 1 Family Room Characteristics: Main Level Unit 1 Special Search: 3 BR on One Level Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Bath Description: Main Floor 1/2 Bath; Upper Level Full Bath Unit 2 Cooling: Central Unit 2 Dining Room Description: Informal Dining Room Unit 2 Family Room Characteristics: Main Level Unit 2 Special Search: 3 BR on One Level Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 495000
ListPrice: 475000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 508
Street Name: Shadyside
Street Suffix: Circle
Postal City: Hopkins
County: Hennepin
State: MN
Zip Code: 55343
Complex/Dev/Subdivision: Meaths Add

Assessments

Tax With Assessments: 8685
Assessment Balance: 0
Assessment Installment: 0

Building Information

Finished SqFt Above Ground: 2214
Finished SqFt Below Ground: 334

More Information

Income and Expenses

Annual Caretaker Expense: 2132.92
Annual Electric Expense: 109.98
Annual Fuel Expense: 15.22
Annual Gross Expenses: 18747.28
Annual Gross Income: 33596.32
Annual Insurance Expense: 1500
Annual Maintenance Expense: 1848.96
Annual Net Income: 14849.04
Annual Repair Expense: 12135.12
Annual Water/Sewer Expense: 530.07
Total Annual Expenses: 18747.28
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 400

Public Survey Info

Range#: 21
Section#: 19
Township#: 117

Unit 1

Furnished?: No
Lease Expiration Date: 2025-08-31
Leased?: Yes
Unit Number: Yes
1/2 Baths: Yes
Finished SqFt: 1360
Full Baths: Yes
Monthly Rent: 1450
No. of Units Like This: Yes
Oth Parking Spaces: 2
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 10

Unit 2

Furnished?: No
Lease Expiration Date: 2025-06-30
Leased?: Yes
Unit Number: 2
1/2 Baths: Yes
Finished SqFt: 1360
Full Baths: Yes
Monthly Rent: 1450
No. of Units Like This: Yes
Oth Parking Spaces: 2
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 10

Unit Details

Total Units: 2

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 006 BLOCK 001 MEATHS ADDN
Listing City: Hopkins
Map Page: 119
Municipality: Hopkins
School District: Hopkins
School District Phone: 952-988-4000
Zip Plus 4: 1109
Property ID Number: 1911721240011
Tax Year: 2025
Tax Amount: 8685
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Exceptional Investment Opportunity in Hopkins, MN! Make Your Move Today! Imagine owning this charming side-by-side duplex in the heart of Hopkins—a dream property that offers both the comforts of home and the promise of long-term financial growth. Each spacious unit spans over 1,200 sq ft, complete with 3 bedrooms, 2 bathrooms, and an unfinished basement, providing ample room for customization and value addition. Enjoy the flexibility of living in one unit while renting out the other or maximize rental income by leasing both units to tenants at market rates. These properties are close to schools, parks, and everyday conveniences, ensuring steady tenant demand. With an impressive rental occupancy record, this property is a secure and stress-free investment you can count on. Contact us now—your next great investment awaits!
Directions: Continue onto MN-100 S. Exit onto MN-7 W, Merge onto MN-7 W. Use the 2nd from the left lane to turn left onto Blake Rd N, Turn right toward 2nd St NE, Continue onto 2nd St NE, Turn right onto Van Buren Ave N, Turn left onto Shadyside Cir

Accessible

None: Yes

Basement

Concrete Block: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Exterior

Brick/Stone: Yes
Fiber Board: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

In Basement: Yes

Lot Description

Tree Coverage - Light: Yes

Patio, Porch and Deck Features

Front Porch: Yes

Rental License Type

Standard: Yes

Road Frontage

Cul De Sac: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
Snow Removal: Yes
Trash Collection: Yes
Water: Yes

Unit 1 Appliances

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

Unit 1 Bath Description

Main Floor 1/2 Bath: Yes
Upper Level Full Bath: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Dining Room Description

Informal Dining Room: Yes

Unit 1 Family Room Characteristics

Main Level: Yes

Unit 1 Special Search

3 BR on One Level: Yes

Unit 2 Appliances

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

Unit 2 Bath Description

Main Floor 1/2 Bath: Yes
Upper Level Full Bath: Yes

Unit 2 Cooling

Central: Yes

Unit 2 Dining Room Description

Informal Dining Room: Yes

Unit 2 Family Room Characteristics

Main Level: Yes

Unit 2 Special Search

3 BR on One Level: Yes