629 Oak ST SE new Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55414
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,679 sqft
Price per Sqft $371
Subdivision Meeker Island Land & Power Co Add Rev
MLS Listing ID 6704262
Year Built 1900
Annual Tax Amount $8,243
Tax Year 2025
Contingent None
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 30x140
Property Sub-Type Other
Property Description
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!
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Block,Full,Storage Space
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Assigned,Detached,Asphalt,Open
Garage Spaces 1.0
Fence None
Roof Type Age Over 8 Years,Asphalt
Building
Lot Description Public Transit (w/in 6 blks),Many Trees
Story More Than 2 Stories
Foundation 722
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories More Than 2 Stories
Structure Type Vinyl Siding
New Construction false
Schools
School District Minneapolis