5030 Sheridan AVE S Minneapolis, MN 55410
2,832 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex Side by Side
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,832 sqft
Price per Sqft $199
Subdivision Reeve Park 3Rd Div
MLS Listing ID 6726774
Year Built 1960
Annual Tax Amount $10,270
Tax Year 2025
Contingent None
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 53x128
Property Sub-Type Duplex Side by Side
Property Description
You'll find bright, inviting living areas on two levels, 2 bedrooms & 2 bathrooms on each side. The kitchens have been updated with newer appliances, perfect for tenants or for making one unit your own home. You'll find AMPLE storage in each unit's lower level, as well as private laundry. The property boasts beautiful hardwood floors, walk in closets, full bathrooms & 2 bedrooms on the main floor, a large family room, and 3/4 bath on each of the lower levels.
The exterior presents attractive curb appeal with beautiful brick & fresh paint, a two-car detached garage with openers, along with ample off-street parking, providing convenience for residents.
Investment Highlights:
This property offers exceptional income potential, allowing an owner-occupant to live in one unit and offset their mortgage with rental income from the other, or for an investor to capitalize on strong rental demand in a prime Minneapolis Fulton neighborhood location. The lower level could easily be built out to include another bedroom for increased rental income. With its desirable address and versatile layout, 5030/32 Sheridan Ave S is a smart addition to any portfolio. Insurance: $2916, Maintenance, lawn, snow, fall clean up: $2435. Water, garbage, sewer: $2270.
Seller intends to perform a 1031 tax-deferred exchange.
Location
State MN
County Hennepin
Rooms
Basement Block, Daylight/Lookout Windows, Finished, Tile Shower
Interior
Heating Forced Air
Fireplace No
Exterior
Garage Spaces 2.0
Roof Type Asphalt
Building
Story One
Foundation 1888
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Brick/Stone
New Construction false
Schools
School District Minneapolis
Others
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