Property Listing
Description
Rare opportunity to acquire a classic up/down duplex in the heart of Minneapolis that has been under the same ownership since 1994. Situated on a double lot with a fenced yard, this property offers both stability and long-term upside potential. This well-laid-out duplex features two spacious units, each offering 3 bedrooms and 1 bathroom, with a total of 2,678 finished square feet. The upper unit showcases hardwood floors and an updated kitchen, while both units offer functional layouts and the highly desirable convenience of in-unit laundry, a major draw for tenants. The property is currently occupied by long-term tenants, providing immediate, reliable income. The main floor rents for $1,500 per month, and the upper unit rents for $1,650 per month. Residents pay their own electricity. Rents have not been increased to match current market levels, as ownership has prioritized tenant stability, presenting a clear opportunity for future value growth. The stucco exterior is complemented by a pitched roof. The windows were recently replaced through the city’s lead abatement program, adding long-term value and peace of mind. The property is heated by a boiler system, with a newer boiler (~ 5 years old) and water heater (~ 6 years old), helping reduce near-term capital expenses. An unfinished attic provides additional storage, and a detached shed offers further convenience for tenants. Located near public transit and just steps from a variety of restaurants, shopping, and neighborhood staples including Mercado Central and Ingebretsen’s, this property offers strong appeal for renters seeking convenience and walkability. Located in a highly walkable area near Powderhorn Park, this duplex offers strong fundamentals, stable tenancy, and meaningful upside, making it a solid addition to any investment portfolio.
Property Information
Status: Active
Sub Type: ********
List Price: $280,000
MLS#: 7035408
Current Price: $280,000
Address: 3010 15th Avenue S, Minneapolis, MN 55407
City: Minneapolis
State: MN
Postal Code: 55407
Geo Lat: 44.947927
Geo Lon: -93.254141
Subdivision: Williams Add
County: Hennepin
Property Description
Year Built: 1900
Lot Size SqFt: 7840.8
Gen Tax: 925.76
Specials Inst: 312.96
High School: Minneapolis
Square Ft. Source:
Above Grade Finished Area: 2678
Below Grade Finished Area: 0
Below Grade Unfinished Area:
Total SqFt.: 2678
Style: Array
Total Bedrooms: 6
Total Bathrooms: 2
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: