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$639,900

($189,953 down)
FHA

319 Vincent Avenue N, Minneapolis, MN 55405

N/A
N/A
2,924 sqft
PITI Monthly
$3,337.23 /mo

Listing courtesy of: , Edina Realty, Inc.

Assumed Rate

2.94%
7.15%

Principal & Interest

$2,087 /mo
$3,369 /mo

What's Special

INVESTORS
DINING
SPACIOUS
WALK-IN CLOSET
CHARMING
RENTAL INCOME
INVESTMENT OPPORTUNITY

Incredible Investment Opportunity with Assumable 2.25% Mortgage! This charming, fully updated up/down duplex offers both immediate cash flow and long-term upside—perfect for savvy investors. Take advantage of an ultra-low assumable mortgage rate (for qualified buyers) and save hundreds each month on interest while your tenants cover the mortgage. The property features two spacious, sun-filled units, each with 3 bedrooms, 1 bathroom, large kitchens, formal dining rooms, walk-in closets, mudrooms, in-unit laundry, and ample storage. Both units have been tastefully updated while preserving vintage charm, and offer private outdoor space surrounded by mature landscaping. With layouts that live like a single-family home, this duplex attracts high-quality tenants and commands strong rents. Currently generating $4,645/month in gross rental income, the lower unit rents for $2,495 and will be available July 1, providing owner-occupant flexibility or the chance to increase rents. The upper unit is rented at $2,150/month through August 1, with no intent to vacate. The landlord pays all utilities except electric and internet, keeping overhead predictable and manageable. For investors seeking added value, the dry, clean basement with full-height ceilings offers potential to expand the lower unit by adding bedrooms and bathrooms. The oversized detached garage (currently used for storage) also presents an opportunity to convert into an ADU, further increasing income. Located in a quiet, high-end residential pocket across from Theo Wirth Parkway, with quick access to downtown, bike trails, and major highways—this is a wonderful Bryn-Mawr neighborhood with strong appreciation potential.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.94
Remaining Loan Term
25 years, 7 months
Monthly PITI
$3,337.23/mo
Estimated Loan Balance
$453,861
Cash to close
$189,953
Interest Paid
$61,728

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: Unknown
  • Heating: Boiler
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Age Over 8 Years
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
  • Wood Siding
  • Roof: Age Over 8 Years
Condition
  • Year Built: 1914
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Bryn - Mawr
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $218.84
  • Tax Annual Amount: $8763
  • On Market Date: 2025-04-29T00:00:00.000Z
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 $189,953 (30%)
You can enter any amount below - secondary financing will cover the difference if needed.
30%
$

You cover the entire equity of $189,953!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$449,947
Your Cash$189,953
Total Purchase Price:$639,900

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$2,087/mo
Traditional @ 7.15%
$3,495/mo
You save $1,408/month ($16,893/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6711073

Listing From: northstar

Last updated: 2025-05-02T19:33:04.000Z

© , 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

2.94%
7.15%

Principal & Interest

$2,087 /mo
$3,369 /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 $189,953 (30%)
You can enter any amount below - secondary financing will cover the difference if needed.
30%
$

You cover the entire equity of $189,953!

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

Loan Breakdown

Assumed Mortgage2.94% Sellers Rate
$449,947
Your Cash$189,953
Total Purchase Price:$639,900

Assumed vs Traditional Mortgage

Assumed @ 2.94%
$2,087/mo
Traditional @ 7.15%
$3,495/mo
You save $1,408/month ($16,893/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Exit Realty
Agent/Broker
Jeff KlemmerExit Realty(651) 600-7997assumptions@exitspringside.comMLS #40195899

© 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 Exit Realty 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.

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