Laura Jewett

Laura Jewett

Property SearchContact
primary-1
primary-2primary-3
Closed

$625,000

($35,985 down)
VA

4255 Minnehaha Avenue, Minneapolis, MN 55406

N/A
N/A
3,360 sqft
PITI Monthly
$4,697.3 /mo

Listing courtesy of: , RE/MAX Results

Assumed Rate

6.85%
7.15%

Principal & Interest

$3,876 /mo
$3,995 /mo

What's Special

DINING
MODERN
RENOVATED
HARDWOOD FLOORS

Experience the original character of this gorgeous brownstone four plex! Modern and renovated kitchens and bathrooms, along with gorgeous hardwood floors throughout. Beautiful built-in hutch with glass doors and a large closet with French doors in each unit. Each unit is on its own utilities. Basement has new washer and dryer on bluetooth pay system. Property has four long term tenants and excellent rental history. On site caretaker handles maintenance and snow removal for adjusted rent. Wall unit A/C. Back courtyard with raised garden beds, and steps down to the garages and alley. Classic brownstone building with 4 one-bedroom units located on Minnehaha Avenue just 4 block north of Minnehaha Regional Park and the famous Minnehaha Falls and three blocks east of Hiawatha Avenue/Hwy 55, with direct access to downtown Minneapolis. The site has four garage stalls in the back with alley access. The units have original hardwood floors, classic woodwork and the dining room hutch that is common with the classic brownstone building. The kitchens and baths have been updated but still have the classic brownstone feel. Caretaker on site sees to keeping the property clean. Multiple long-term tenants with rents below market. One vacant unit for an owner occupant. Let the rents pay your mortgage.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
6.85
Remaining Loan Term
29 years, 5 months
Monthly PITI
$4,697.3/mo
Estimated Loan Balance
$589,526
Cash to close
$35,985
Interest Paid
$23,577

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: Unknown
  • Heating: Forced Air
Features
  • Materials: Brick/Stone, Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Age Over 8 Years, Rubber
Parking
  • Garage: Yes
  • Garage Spaces: 4
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Quadruplex
  • Architectural Style: Unknown
Materials
  • Brick/Stone, Stucco
  • Roof: Age Over 8 Years, Rubber
Condition
  • Year Built: 1926
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Minnehaha Terrace
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $186.01
  • Tax Annual Amount: $7854
  • On Market Date: 2025-02-05T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $35,985 (6%)
You can enter any amount below - secondary financing will cover the difference if needed.
6%
$

You cover the entire equity of $35,985!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage6.85% Sellers Rate
$589,015
Your Cash$35,985
Total Purchase Price:$625,000

Assumed vs Traditional Mortgage

Assumed @ 6.85%
$3,876/mo
Traditional @ 7.5%
$4,144/mo
You save $268/month ($3,217/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6658554

Listing From: northstar

Last updated: 2025-03-27T16:07:03.000Z

© , northstar. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

6.85%
7.15%

Principal & Interest

$3,876 /mo
$3,995 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $35,985 (6%)
You can enter any amount below - secondary financing will cover the difference if needed.
6%
$

You cover the entire equity of $35,985!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage6.85% Sellers Rate
$589,015
Your Cash$35,985
Total Purchase Price:$625,000

Assumed vs Traditional Mortgage

Assumed @ 6.85%
$3,876/mo
Traditional @ 7.5%
$4,144/mo
You save $268/month ($3,217/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

Powered By UMe.

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

equal-housing

© is committed to and abides by the Fair Housing Act of Equal Opportunity.