$285,000
Minneapolis, MN 55408
MLS# 6780415
Status: Closed
5 beds | 2 baths | 3348 sqft
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Property Description
This is a charming 2-unit duplex in the city of Minneapolis. It looks great on the outside with newer windows. The siding and roofing are in great shape. It needs a bit of TLC on the inside. It would be a great home for owners who would like a bit of income from the secondary unit or for an investor who seeks steady income from stable tenants. The tenants have been there for over a decade. The current rent would cover the property expenses and yield positive cash flow. The seller is motivated. The Lower Unit (Unit 1) gave their notice for 9/30/2025. The lower unit's Fridge and Oven will be gone with the tenant as they vacate the property. This is an opportunity to raise the rent from $980 to $1300.
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2025-09-07
Contingency: None
Current Price: $285,000
Closed Date: 2025-10-07
Original List Price: 280000
ListPrice: 280000
Sales Close Price: 285000
List Date: 2025-08-28
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1904
Yearly/Seasonal: Yearly
Bedrooms: 5
Baths Total: 2
Main Floor Total SqFt: 1116
Above Ground SqFt: 2232
Below Grd Total SqFt: 1116
Total SqFt: 3348
Foundation Size: 1116
Lot Size SqFt: 5227
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2790.00
Lot Dimensions: 45.2x119
Assessment Pending: No
Assessments
Tax With Assessments: 4799
Building Information
Finished SqFt Above Ground: 2232
Finished SqFt Below Ground: 558
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 03
Township#: 28
Unit 1
Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 1
Annual Rent: 11760
Full Baths: 1
Monthly Expense: 453
Monthly Rent: 980
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 3
Unit Details
Total Units: 2
Unit 2
Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 15600
Finished SqFt: 1116
Full Baths: 1
Monthly Expense: 453
Monthly Rent: 1300
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 4
Location Tax and Other Information
House Number: 3315
Street Name: 5th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: Wolvertons Add
Property Features
Accessible: None
Amenities Shared: Porch
Basement: Concrete Block; Partially Finished; Storage Space
Construction Status: Previously Owned
Exterior: Vinyl
Fencing: Chain Link
Financing Terms: Conventional
Foundation: Concrete Perimeter
Fuel: Natural Gas
Heating: Forced Air
Parking Characteristics: Gravel Lot
Roof: Age Over 8 Years
Sellers Terms: Cash; Conventional; FHA
Sewer: City Sewer/Connected
Stories: Two
Unit 1 Cooling: Window
Unit 2 Cooling: Window
Water: City Water/Connected
Listing Office: Alpha Realty Inc
Last Updated: October - 09 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
