$449,000
Minneapolis, MN 55406
MLS# 7138053
4 beds | 3 baths | 2973 sqft
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Property Description
Charming Minneapolis Duplex – Turn-Key Investment or House-Hack Opportunity Live on-site or add a solid investment property to your portfolio — this versatile 2-unit duplex is move-in ready for its next owner! Recent updates include a new roof, siding, gutters, and a furnace with a new heat exchanger, giving you real peace of mind from day one. The spacious main-floor unit offers abundant living space, including a large kitchen, 3 bedrooms, 2 bathrooms, in-unit laundry, and a finished, livable lower level. The egress-equipped lower level adds flexibility for a family room, additional bedroom, home office, or hobby space, plus generous storage throughout. The second-floor unit features 1 bedroom, 1 bathroom, a private exterior entrance, and a huge walk-in closet/storage area — a comfortable, private layout tenants will love. Outside, the 2.5-car garage includes a fantastic shop space with 220-amp service, an app-controlled garage door opener, and additional off-street parking in the driveway. Tucked into a quiet, tree-lined neighborhood just 5 minutes from Minnehaha Falls, the location offers easy access to parks, recreation, and everything the surrounding area has to offer. Whether you're looking to owner-occupy, house-hack, or expand your rental portfolio, this duplex delivers flexibility and long-term potential.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: None
Current Price: $449,000
Original List Price: 449000
ListPrice: 449000
List Date: 2026-09-04
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Waterfront YN: No
Year Built: 1925
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 174x40x159x42
Acres: 0.15
Main Floor Total SqFt: 1068
Below Grd Total SqFt: 1068
Above Ground SqFt: 1905
Total SqFt: 2973
Total Finished Sqft: 2626.00
Foundation Size: 1068
Style: (MF) Duplex Up and Down
Garage Stalls: 2.5
Assessment Pending: No
Bedrooms: 4
Baths Total: 3
Location, Tax and Other Information
Legal Description: LOT 012 BLOCK 004 MINNEHAHA TERRACE MPLS
Listing City: Minneapolis
Map Page: 121
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 9768
Property ID Number: 0702823420143
Tax Year: 2026
Tax Amount: 7464
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Charming Minneapolis Duplex – Turn-Key Investment or House-Hack Opportunity
Live on-site or add a solid investment property to your portfolio — this versatile 2-unit duplex is move-in ready for its next owner! Recent updates include a new roof, siding, gutters, and a furnace with a new heat exchanger, giving you real peace of mind from day one.
The spacious main-floor unit offers abundant living space, including a large kitchen, 3 bedrooms, 2 bathrooms, in-unit laundry, and a finished, livable lower level. The egress-equipped lower level adds flexibility for a family room, additional bedroom, home office, or hobby space, plus generous storage throughout.
The second-floor unit features 1 bedroom, 1 bathroom, a private exterior entrance, and a huge walk-in closet/storage area — a comfortable, private layout tenants will love.
Outside, the 2.5-car garage includes a fantastic shop space with 220-amp service, an app-controlled garage door opener, and additional off-street parking in the driveway.
Tucked into a quiet, tree-lined neighborhood just 5 minutes from Minnehaha Falls, the location offers easy access to parks, recreation, and everything the surrounding area has to offer. Whether you're looking to owner-occupy, house-hack, or expand your rental portfolio, this duplex delivers flexibility and long-term potential.
Directions: Hiawatha to East on 43rd St E, North on 39th Ave S to home.
Accessible
None: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 7464
Basement
Concrete Block: 1
Egress Windows: 1
Foundation Dimensions: 24x44.5
Full: 1
Building Information
Finished SqFt Above Ground: 1643
Finished SqFt Below Ground: 983
Construction Status
Previously Owned: 1
Electric
Circuit Breakers: 1
Exterior
Vinyl: 1
Fencing
None: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Laundry
In Kitchen: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Supra: 1
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 21.5x26
Garage Door Height: 7
Garage Door Width: 16
Garage Square Feet: 559
Patio, Porch and Deck Features
Deck: 1
Public Survey Info
Range#: 23
Section#: 07
Township#: 28
Rental License Type
Standard: 1
Road Frontage
City Street: 1
Roof
Age 8 Years or Less: 1
Sewer
City Sewer/Connected: 1
Stories
One and One Half: 1
Unit 1
Furnished?: No
Leased?: No
Level: Main Level
Unit Number: 1
Full Baths: 1
Total Rooms: 13
3/4 Baths: 1
Finished SqFt: 2051
No. of Units Like This: 1
Total Baths: 2
Total Bedrooms: 3
Unit Details
Total Units: 2
Water
City Water/Connected: 1
Income and Expenses
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Net Income: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Misc. Annual Income: 0
Total Annual Expenses: 0
No. of Ranges
Two: 1
No. of Refrigerators
Two: 1
Unit 1 Amenities
Deck: 1
Unit 1 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Unit 1 Cooling
Central: 1
Unit 1 Dining Room Description
Living/Dining Room: 1
Unit 1 Family Room Characteristics
Lower Level: 1
Unit 1 Special Search
All Living Fac. on One Level: 1
Main Floor Laundry: 1
Unit 2
Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Finished SqFt: 575
Full Baths: 1
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 5
Unit 2 Appliances
Range: 1
Refrigerator: 1
Location Tax and Other Information
House Number: 4230
Street Name: 39th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55406
Complex/Dev/Subdivision: Minnehaha Terrace
Property Features
Accessible: None
Basement: Concrete Block; Egress Windows; Full
Construction Status: Previously Owned
Electric: Circuit Breakers
Exterior: Vinyl
Fencing: None
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Laundry: In Kitchen
Lock Box Type: Supra
Rental License Type: Standard
Road Frontage: City Street
Roof: Age 8 Years or Less
Sewer: City Sewer/Connected
Stories: One and One Half
Unit 1 Amenities: Deck
Unit 1 Appliances: Dishwasher; Range; Refrigerator
Unit 1 Cooling: Central
Unit 1 Dining Room Description: Living/Dining Room
Unit 1 Family Room Characteristics: Lower Level
Unit 1 Special Search: All Living Fac. on One Level; Main Floor Laundry
Unit 2 Appliances: Range; Refrigerator
Water: City Water/Connected
Listing Office: Coldwell Banker Realty
Last Updated: September - 16 - 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.
