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Closed
Closed

$519,900

($183,171 down)
FHA

2206 Arthur Street NE, Minneapolis, MN 55418

N/A
N/A
2,618 sqft
PITI Monthly
$2,546.76 /mo

Listing courtesy of: , Rize Realty

Assumed Rate

3.16%
7.15%

Principal & Interest

$1,584 /mo
$2,486 /mo
$52,544 in interest paid off

What's Special

RENOVATED
CHARMING
INVESTMENT OPPORTUNITY
Charming up/down duplex in the heart of Northeast! Sought after Windom Park neighborhood with so much to love, a perfect option for an
owner-occupant buyer. Live in the upper unit (1 bd/ 1 ba) and collect rent from the lower unit (4 ba / 2 ba) currently rented out at $2,560/month! Upper
unit is vacating by 8/31, currently leased at $1,400/mo. Lots of updates including a New Roof (2020), Two New Furnaces (2023), New A/C upper unit
(2023), renovated lower level including an legal added bedroom, new carpet, paint, butcher block countertops, and hardware. Get anywh... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.16
Remaining Loan Term
25 years, 3 months
Monthly PITI
$2,546.76/mo
Estimated Loan Balance
$337,425
Cash to close
$183,171
Interest Paid
$52,544

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: Unknown
  • Heating: Forced Air
Features
  • Materials: Stucco, Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Wood
Roof
  • Roof: Age 8 Years or Less
Parking
  • Garage: Yes
  • Garage Spaces: 2
  • 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: Duplex Up and Down
  • Architectural Style: Unknown
Materials
  • Stucco, Wood Siding
  • Roof: Age 8 Years or Less
Condition
  • Year Built: 1949
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Auditors Sub 228
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $198.59
  • Tax Annual Amount: $6424
  • On Market Date: Jul 22, 2024
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Savings Calculator

Current cash to close is $183,171 (35%)
You can enter any amount below - secondary financing will cover the difference if needed.
35%
$
0%20%50%

You cover the entire equity of $183,171!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$336,729
Your Cash$183,171
Total Purchase Price:$519,900

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$1,584/mo
Traditional @ 7.15%
$2,579/mo
You save $995/month ($11,941/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6573709

Listing From: northstar

Last updated: Aug 29, 2024 07:19pm

© 2025, 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

3.16%
7.15%

Principal & Interest

$1,584 /mo
$2,486 /mo
$52,544 in interest paid off
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 $183,171 (35%)
You can enter any amount below - secondary financing will cover the difference if needed.
35%
$
0%20%50%

You cover the entire equity of $183,171!

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

Loan Breakdown

Assumed Mortgage3.16% Sellers Rate
$336,729
Your Cash$183,171
Total Purchase Price:$519,900

Assumed vs Traditional Mortgage

Assumed @ 3.16%
$1,584/mo
Traditional @ 7.15%
$2,579/mo
You save $995/month ($11,941/year)

*Secondary financing rates are an estimated value based on input

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