$699,000
$699,000
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629 Oak ST SE Minneapolis, MN 55414
2,679 SqFt
Key Details
Sold Price $699,000
Property Type Single Family Home
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,679 sqft
Price per Sqft $260
Subdivision Meeker Island Land & Power Co Add Rev
MLS Listing ID 6704262
Year Built 1900
Annual Tax Amount $8,243
Tax Year 2025
Lot Size 4,356 Sqft
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 a detached 1-car garage and 2 additional off-street parking spaces!
The front unit (#1) is currently occupied and generates a robust rental income of $3,075/month, with a lease secured through 8/26/26. The rear unit (#2) is vacant and commanded a rent of $3,820/month. 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
Interior
Heating Forced Air
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
Structure Type Vinyl Siding
New Construction false
Schools
School District Minneapolis
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