the Riftsawn of 1900: A Victorian era duplex in Audubon Park
2727 Polk Street NE, Minneapolis, MN 55418 // 4 bed // 2 bath // 2 car // $475,000
Built in 1900 // 2510 finished square footage // 7551 property tax // 46’ x 182’ .19 acre lot // mls # 6474046 // annual gross 46k
The Riftsawn Victorian of 1900: a battleship turn of century up-down duplex. Incredible build quality rarely witnessed in the blue collar origins of Northeast Minneapolis. Riftsawn is a sprawling footprint of nearly 1500’ on the main floor. She is trimmed really well on two floors especially considering the housing stock of multi units in NE.
Some Highlights of the building’s scarcity and income & investment potential:
Soaring 12' ceilings on the main floor: Quarter & Riftsawn oak hardwoods, box beam ceilings with original fixtures, leaded stain glass built'-ins & a victorian era firebox that would serve nicely to a flue-lined wood stove
upper level unit has outstanding maple wideplank 3” flooring, a professional craft enamel in jade green delivers a playful mood the upper unit.
Rents are market comped at $2050.00 for the main & $1800 for the upper unit, this includes basement storage, fenced yard and one car stall per unit in the large garage
Phase one handled the bulk of the cosmetics, leaving minor sweat equity improvements that we can assist in guiding: birch counters in lower kitchen, upper kitchen galley could be updated in the space, both baths have modern fixtures and updated plumbing
Main floor unit is boiler heat & upper is forced air located in the attic
The yard is completely fenced with a blend of maintenance free white & wood privacy with some remaining chain link
Entry Porch was coated in an insdustrial enamel and orignal windows were re-enameled on the interior and the exterior
Riftsawn is an absolute charmer and will make a terrific owner occupant property.
