- – beds
- – baths
- 1,908 sqft
- $141 per sqft
- 1912 build
- – on site
Own cheaper than rent! Excellent investment opportunity or ideal for an owner-occupant! This up/down duplex in North Minneapolis sits on a desirable corner lot and offers strong, consistent cash flow with income exceeding the 1% rule. The property holds a Tier 1 rental license and boasts a strong rental history, making it a smart addition to any portfolio. The spacious main-level unit is vacant and move-in ready, featuring 4 bedrooms, 1 bathroom, and new flooring. It previously rented for $1,750/month and is ready to show immediately. The upper-level unit includes 3 bedrooms and 1 bathroom, currently rented month-to-month at $1,600/month. Each unit has separate utilities with the tenants paying their own gas and electric. Owner pays trash, water and sewer, and provides lawn care. Recent updates include a new roof in 2024, fresh exterior paint in 2024, and new entry doors in 2025. A tuck-under one-car garage is great for extra storage along with the large unfinished basement. Whether you're looking to live in one unit and rent the other or fully lease both, this duplex has excellent income potential in a growing area!
Last checked:
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Last updated Jun 18, 2025
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MLS# 6741145 —
The Building
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Year Built:1912
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New Construction:false
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Age Of Property:113
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Construction Materials:Stucco
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Roof:Age 8 Years or Less
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Accessibility Features:None
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Levels:Two
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Main Level Finished Area:1004.0000
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Basement:Full, Unfinished
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Basement:true
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Foundation Area:1908
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Building Area Total:2912
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Above Grade Finished Area:1908
Room Dimensions
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Living Area:1908
Location
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Directions:Hwy 55 to Penn Ave north 1 mile to 15th Ave, east to Logan
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Latitude:44.994007
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Longitude:-93.303555
The Property
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Parcel Number:1602924330131
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Zoning Description:Residential-Multi-Family
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Property Type:Residential Income
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Property Subtype:Duplex Up and Down
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Additional Parcels:false
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Lot Features:Corner Lot
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Lot Size Area:0.12
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Lot Size Dimensions:irregular
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Lot Size Units:Acres
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Road Frontage Type:City Street, Sidewalks
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Road Responsibility:Public Maintained Road
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Water Source:City Water/Connected
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (952) 215-8779
- Office phone:
- (952) 432-7200
Taxes
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Tax Year:2025
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Tax Annual Amount:4578
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Tax With Assessments:4578.0000
Heating & Cooling
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Heating:Hot Water
Utilities
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Sewer:City Sewer/Connected
Appliances
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Refrigerator:Two
Schools
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High School District:Minneapolis
The Community
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Assessment Pending:Unknown
Parking
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Parking Features:Gravel, Asphalt
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Garage Spaces:1
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/18/25
Jun 18, 2025
|
Coming Soon | NORTHSTAR | $269,900 | 17.9% (5.0% / YR) |
11/30/21
Nov 30, 2021
|
NORTHSTAR | $229,000 | 20.6% | |
10/19/21
Oct 19, 2021
|
NORTHSTAR | $189,900 |