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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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2840 28th Avenue S, Minneapolis, MN 55406
$400,000
SQUARE FEET 1,920
MLS# 7033772
STATUS: Active
PROPERTY TYPE: Multi Unit - Multiple
SUBDIVISION: South Side Add
SCHOOL: Minneapolis
Property Description
Well-maintained duplex in a prime South Minneapolis location with strong rental income and major updates already completed. The main floor unit offers 2 bedrooms, 1 bathroom, living room, dining room, kitchen, and walkout access to a deck/patio. The upper unit features 1 bedroom, 1 bathroom, living room, dining room, and kitchen. The shared basement includes laundry, storage, and utilities, and the property also offers a shared 2-car garage and large fenced backyard. Numerous recent improvements provide peace of mind, including new roof (2024), new chimney (2024), two new boilers (2022), updated electrical (2022), two new water heaters with exhaust system (2022), new garage door (2026), shared laundry with 1 washer (new 2022) and 2 dryers (one new 2022), and new backyard fence (2022). Both units are currently tenant occupied, offering immediate income: $1,495/month for the main unit (lease through October 2026) and $1,200/month for the upper unit (lease through March 2027). Conveniently located near the METRO Blue Line, the Midtown Greenway, neighborhood parks, shopping, restaurants, and schools including Universal Academy Charter School and Hiawatha Collegiate High School. Great opportunity for investors or owner-occupants looking for a well-located duplex in Minneapolis.
Property Features
Property Type: Multi Unit - Multiple Basement: Block, Daylight/Lookout Windows, Owner Access, Concrete, Shared Access, Storage Space Garage: 2 Heating: Boiler Lot Size: 0.17 Acres Roof Type: Age 8 Years or Less, Asphalt Taxes: $5,194 Year Built: 1906
Feature Descriptions
Days on Site: 16
Foundation Size: 860
Lot Dimensions: 157x48
Owners Expense: Repairs, Trash Collection, Water
Parcel#: 3602924440179
Parking: Detached Garage, Shared Driveway, Shared Garage/Stall
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Heat, Lawn Care, Snow Removal
Units: 2
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Agency Name: Edina Realty, Inc.
Agency Phone: 651-483-8500
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Estimated Payment
$ 2,678.47 per month
$2,128.97 Principal & Interest
$432.83 Property Tax
$116.67 Homeowner's Insurance
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2840 28th Avenue S | MLS# 7033772
This multi-family property located at 2840 28th Avenue S, Minneapolis, MN 55406 is currently listed for sale with an asking price of $400,000. 28th Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on nanderson.counselorrealty.com today.