4001 5th Avenue S, Minneapolis, MN 55409
Portland Park Add · Hennepin County
Key Facts
Description
Well-maintained side-by-side duplex in a convenient South Minneapolis location, an excellent opportunity for investors seeking steady rental income. Both units are currently rented, featuring hardwood floors and bright kitchens with large windows that bring in great natural light. The property includes a spacious 3-bedroom unit renting for $1,800/month and a 2-bedroom unit renting for $1,700/month, with tenants responsible for their own gas and electric, helping keep owner expenses lower. It is ideally located near neighborhood parks, restaurants, coffee shops, and everyday shopping. Enjoy easy access to Minneapolis’ renowned park and trail system and nearby lakes. Commuters will appreciate quick access to I-35W and convenient connections to downtown Minneapolis. A solid investment opportunity in a vibrant and well-connected area of the city. Unit on the Right is on a month to month and willing to vacate for an owner occupancy.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Style
(MF) Duplex Side X Side
Year Built
1959
Stories
1
Living Area
1,988 sq ft
Lot Size
0.11 acres
Lot Dimensions
41.10 X 122.10
Zoning
Residential-Multi-Family
Days on Market
9
MLS® Listing#
7033843
Property Features
Heating
Basement
Pool
Lot Features
Sewer
Water Source
Financial Details
Annual Taxes
$6,496
Parcel Number
1002824140030
Directions
Use your GPS device, or phone to navigate to location. Otherwise, take interstate 35W to 35th/36th Street. Go East to Portland. South to 40th. West to home.
Affordability Calculator
$90,000
Estimated monthly payment
$2,395/mo
Principal $360,000 · Est. interest $502,232 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Minneapolis, MN
- $342,607
- Median Listing Price
- 96
- Median Days on Market
- 1,587
- Median Sq Ft
- $215
- Median Price / Sq Ft
- 3,122
- Active Listings
- This home’s price is 31% above the area median.
- Its price per sq ft is 5% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Minneapolis, MN.
Location
Points of Interest in Minneapolis, MN
Showing the Minneapolis area map.
Nearby Schools
Cosmos Montessori
Elementary · 0.3 mi away
Bancroft Elementary
Elementary · 0.7 mi away
Southside Family Charter School
Elementary · 0.7 mi away
Richard R Green Central Pk Cmty School
Elementary · 0.7 mi away
Joyce Preschool
School · 0.7 mi away
Lake Country School
School · 0.7 mi away
Hiawatha College Prep
Secondary School · 0.8 mi away
Field Elementary School
Secondary · 0.8 mi away
El Colegio High School
Secondary · 0.8 mi away
Laura Ingalls Wilder School
School · 0.8 mi away
Transition Plus Services
School · 0.9 mi away
Lyndale Elementary School
Elementary · 1.1 mi away
Hiawatha Leadership Academy Northrop
Elementary · 1.2 mi away
Clara Barton Open School
Elementary · 1.2 mi away
Northrop Elementary School
Elementary · 1.2 mi away
Stonebridge World School
Elementary · 1.2 mi away
Hiawatha College Prep-Northrop
Secondary School · 1.2 mi away
Justice Page Middle School
Secondary · 1.3 mi away
Cristo Rey Jesuit High School
Secondary · 1.3 mi away
Folwell Middle School
School · 1.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2706 15th Avenue S, Minneapolis, MN | $315,000 | 4 | 2 | 1,640 |
| 4211 Russell Avenue N, Minneapolis, MN | $315,000 | 4 | 2 | 1,687 |
| 3506 Thomas Avenue N, Minneapolis, MN | $315,000 | 4 | 2 | 1,712 |
| 2706 15th Avenue S, Minneapolis, MN | $315,000 | 4 | 2 | 1,640 |
| 1912 Columbus Avenue, Minneapolis, MN | $315,000 | 6 | 3 | 2,298 |
| 129 W 33rd Street, Minneapolis, MN | $315,000 | 4 | 2 | 1,824 |
Moving Cost Estimate
EXIT Agents in Minneapolis
Listing Courtesy: RE/MAX Results - 7635916000
Presented by: Kerby J Skurat