629 Oak Street SE Minneapolis, MN 55414
Listing Courtesy of: NORTHSTAR MLS / Coldwell Banker Realty / Laurie Allen - Contact:  612-280-8889

  629 Oak Street SE Minneapolis, MN 55414

Active (308 Days)
$995,000

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!

MLS #:
6704262
Taxes
$8,243(2025)
Lot Size
4,356 SQFT
Type
Multifamily
Year Built
1900
Style
More Than 2 Stories
School District
Minneapolis
County
Hennepin County

Listed By

Laurie Allen, Coldwell Banker Realty, Contact: 612-280-8889
Source
NORTHSTAR MLS
Last checked Apr 19 2025 at 2:49 AM GMT+0000
Bathroom Details
Subdivision
  • Meeker Island Land & Power Co Add Rev
Lot Information
  • Public Transit (W/In 6 Blks)
  • Many Trees
Property Features
  • Level
Heating and Cooling
  • Forced Air
Basement Information
  • Block
  • Full
  • Storage Space
Exterior Features
  • Roof: Age Over 8 Years
  • Roof: Asphalt
Utility Information
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
Parking
  • Assigned
  • Detached
  • Asphalt
  • Open
Living Area
  • 2,679 sqft
Additional Information: Minneapolis Lakes | 612-280-8889
Location
   
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