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2840 28th Avenue S, Minneapolis, MN 55406

Status: Sold

2 units
1,920 sq ft 2 garage spaces

$385,000

$15,000 from List Price

WELCOME HOME

Get to know this property.

Well-maintained duplex in a prime South Minneapolis location with strong rental income and major updates already completed. The main floor unit offers 2 bedrooms, 1 bathroom, living room, dining room, kitchen, and walkout access to a deck/patio. The upper unit features 1 bedroom, 1 bathroom, living room, dining room, and kitchen. The shared basement includes laundry, storage, and utilities, and the property also offers a shared 2-car garage and large fenced backyard. Numerous recent improvements provide peace of mind, including new roof (2024), new chimney (2024), two new boilers (2022), updated electrical (2022), two new water heaters with exhaust system (2022), new garage door (2026), shared laundry with 1 washer (new 2022) and 2 dryers (one new 2022), and new backyard fence (2022). Both units are currently tenant occupied, offering immediate income: $1,495/month for the main unit (lease through October 2026) and $1,200/month for the upper unit (lease through March 2027). Conveniently located near the METRO Blue Line, the Midtown Greenway, neighborhood parks, shopping, restaurants, and schools including Universal Academy Charter School and Hiawatha Collegiate High School. Great opportunity for investors or owner-occupants looking for a well-located duplex in Minneapolis.

The details that matter.

General Property Information for 2840 28th Avenue S, Minneapolis, MN 55406 - MLS# 7033772
Bedrooms and Bathrooms
Total Bedrooms:
3
Total Bathrooms:
2
Size and Multi Family Residence
Year Built:
1906
Type of Property:
Multi Family Residence
Style:
Duplex Up and Down
Stories/Levels:
2 Story
Total SqFt:
1,920
Total Fnsh'd SqFt:
1,920
Above Ground SqFt:
1,920
Finished Above Grade:
1,920
Below Ground SqFt:
0
Finished Below Grade:
0
Garage Stalls:
2
Garage SqFt:
320
Main Floor SqFt:
860
Approx Lot Dimensions:
157 x 48
Approx Number of Acres:
0.17
Income and Expenses
Gross Income:
$32,340
Total Expenses:
$0

A closer look at the location.

From Hwy 55 southbound from downtown. Left on Lake St. Left on 28th Avenue S. Property is on the left hand side.

This listing has been entered by the following office: Edina Realty, Inc.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the Broker Reciprocity or the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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