For Sale: Saint Louis Park MLS# 6825562
Active
$635,000
Multi-family: Duplex Up and Down
5 br • 3 ba • Built 1951
3,012 sqft • 0.161 acres
MLS# 6825562
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Property Description
Exceptional duplex located in the heart of St. Louis Park ideal for investors and owner-occupants alike. One unit is vacant and move-in ready, while the lower unit is currently leased at $2, 610 per month, offering immediate rental income.
Owner-occupant opportunity: Based on an example scenario using traditional 30-year financing with 25% down (could be less), estimated taxes and insurance, monthly ownership costs are projected at approximately $3921.11. With the lower unit currently rented at $2, 610 per month, a buyer occupying the vacant unit could potentially offset a significant portion of their housing cost—resulting in an estimated net monthly out-of-pocket of about only $1311.11. (Figures are estimates and will vary based on financing terms.)
Meticulously maintained by the same family for the past 25 years, this property features newer siding with Versetta stone frontage, a maintenance-free exterior, a whole-house LeafGuard gutter system, and numerous updates inside and out.
Both units offer spacious layouts filled with natural light, generously sized living rooms, and updated kitchen spaces. The lower unit features a unique two-level layout with three bedrooms, two bathrooms, a full kitchen, and an additional kitchenette that is perfect for flexible living arrangements. The upper unit includes two bedrooms and occupies the entire top floor, providing privacy and comfort.
Additional highlights include a large backyard, great outdoor spaces, a detached two-car garage, newer concrete, drain tile with sump pump, an owner’s locker for tools and supplies, and vinyl windows throughout, many of which have been recently replaced.
Located on a quiet residential street with convenient highway access, the property is on the bus line, just a half block from the local library, and close to neighborhood shopping, dining, and top-rated schools. It’s also only minutes from The Shops at West End. Enjoy nearby parks, golf courses, and all the amenities St. Louis Park has to offer.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$635,000
Price per sq ft:
$211
Property Type:
Multi-family
City:
Saint Louis Park
Garage Spaces:
2
County:
Hennepin
Year Built:
1951
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55426
Subdivision Name:
Rgt St Louis Park
Interior
Bedrooms:
5
Bathrooms:
3
Finished Area:
3,012 ft2
Living Area:
3,012 ft2
Basement Details:
Partially Finished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
24x23
Garage Size:
552 ft2
Foundation Size:
1,225 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Detached Garage
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.161
Geolocation:
44.943204, -93.367119
Lot Dimensions:
50 x 140
Schools
School District:
1276
District Phone:
9529286000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,994
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,600
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,795
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,795
Income
Annual Gross Income:
$55,320
Rent
Annual Net Income:
$49,746
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Water System:
City Water - In Street
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.