Active
  • Price cut: $120K (6/11)
    $875,000

    629 Oak St SE, Minneapolis, MN 55414

    10beds
    4baths
    2,679sqft
    : 
    Other
    Built in 1900
    -- sqft lot
    $805,200 Zestimate®
    $327/sqft
    $-- HOA

    What's special

    Modern comfortStudent-friendly livingOff-street parking spotIn-unit laundrySeparate mechanical systemsPrivate decksSpacious units
    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/month, (increases 9/1 to $3075/month) with a lease secured through 8/26/26. The rear unit (#2) is also occupied, commanding a premium rent of $3,820/month, with the lease expiring 8/26/25. 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!
    94 days
    on Zillow
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    643
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