5827 Winnetka N Avenue, Minneapolis, Minnesota 55428

MN, New Hope
$640,000
  • Residential Income Property Type
  • 1971 Year Built
  • Active Status
See All 32 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

Introducing a rare and exceptional opportunity to own a fully renovated side-by-side duplex, each unit offering 3 spacious bedrooms and 3 beautifully updated bathrooms. Perfectly positioned on a scenic Golf course, this property blends modern living with peaceful, green surroundings. Whether you’re an investor seeking a solid, turn-key asset or a homebuyer looking to live in one unit while generating income from the other, this property checks all the boxes. Both units have been thoughtfully renovated from top to bottom, featuring brand-new kitchens with modern cabinetry, sleek countertops, and stainless-steel appliances. Fresh flooring, updated lighting, and stylish fixtures run throughout, while the bathrooms boast high-end tile work and contemporary vanities. Each side offers a spacious layout and is perfect for today’s lifestyle. Step outside and enjoy views of the meticulously maintained golf course from your backyard, a truly rare setting for a multi-family property. Investment financials are as follows: When fully rented, the duplex generates $60,000 in annual rental income ($2,500 per unit per month). Operating expenses total $14,160 annually, including $4,800 for insurance, $8,400 in property taxes, and $960 for utilities. This results in a net operating income (NOI) of $45,840. The investment reflects a 7.16% cap rate, a debt service coverage ratio (DSCR) of 1.21, and an expense ratio of 24%, making it a solid income-producing opportunity.

Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 6760624
  • Price: $640,000
  • Year Built: 1971
  • Listing Status: Active
  • Office Name: Keller Williams Classic Rlty NW
  • Property Sub Type: Duplex Side by Side
  • Roof: Age Over 8 Years
Features
  • Heating System Forced Air
  • Basement Finished,Block,Daylight/Lookout Windows,Egress Window(s)
  • Fence Wood,Chain Link
  • Parking Attached Garage,Shared Driveway,Garage Door Opener,Insulated Garage,Multiple Garages,Units Vary,On-Street Parking Only
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State MN
  • County Hennepin
  • City New Hope
  • Zipcode 55428
  • Street: Winnetka
  • Street Number: 5827
  • Street Suffix: Avenue
  • Longitude: W94° 37' 8.9''
  • Latitude: N45° 3' 33.3''
  • Directions: From Bass Lake Road, go north on Winnetka about 1 block. Home is on the left.
  • Street Dir Suffix: N
Neighborhood
  • High School District: Robbinsdale
MLS Addon
  • Office Name: Keller Williams Classic Rlty NW
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Building Size: 3370
  • Construction Materials: Stucco
  • Electric: Circuit Breakers
  • Garage: 2
  • Levels: More Than 2 Stories
  • Lot Features: On Golf Course,Many Trees
  • Lot Size Dimensions: 100x132
  • Number Of Units Total: 2
Financial
  • Tax Annual Amount: 8126
Listing Information
  • List Agent Mls Id: 502054411
  • List Office Mls Id: 7231
  • Modification Timestamp: 2025-07-26T02:05:04Z
  • Originating System Name: NorthStar
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