$450,000
$450,000
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4001 5th AVE S Minneapolis, MN 55409
5 Beds
2 Baths
1,988 SqFt
Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Duplex Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 1,988 sqft
Price per Sqft $226
Subdivision Portland Park Add
MLS Listing ID 7033843
Sold Date 06/29/26
Bedrooms 5
Year Built 1959
Annual Tax Amount $6,496
Tax Year 2026
Contingent None
Lot Size 4,791 Sqft
Lot Dimensions 41.10 X 122.10
Property Sub-Type Duplex Side by Side
Property 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 that is vacant and ready to be owner-occupied, and a 2-bedroom unit renting for $1,700/month and lease ends June 2027, 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.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Block, Daylight/Lookout Windows, Full, Single Tenant Access
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Concrete, Open
Pool None
Building
Lot Description Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light
Story One
Foundation 1988
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
New Construction false
Schools
School District Minneapolis
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