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3315 5th AVE S Minneapolis, MN 55408
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Key Details
Sold Price $285,000
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Sold
Purchase Type For Sale
Square Footage 2,790 sqft
Price per Sqft $102
Subdivision Wolvertons Add
MLS Listing ID 6780415
Sold Date 10/07/25
Year Built 1904
Annual Tax Amount $4,799
Tax Year 2025
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 45.2x119
Property Sub-Type Duplex Up and Down
Property Description
This is a charming 2-unit duplex in the city of Minneapolis. It looks great on the outside with newer windows. The siding and roofing are in great shape. It needs a bit of TLC on the inside. It would be a great home for owners who would like a bit of income from the secondary unit or for an investor who seeks steady income from stable tenants. The tenants have been there for over a decade. The current rent would cover the property expenses and yield positive cash flow. The seller is motivated. The Lower Unit (Unit 1) gave their notice for 9/30/2025. The lower unit's Fridge and Oven will be gone with the tenant as they vacate the property. This is an opportunity to raise the rent from $980 to $1300.
Location
State MN
County Hennepin
Rooms
Basement Block, Partially Finished, Storage Space
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Gravel
Fence Chain Link
Roof Type Age Over 8 Years
Building
Story Two
Foundation 1116
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Vinyl Siding
New Construction false
Schools
School District Minneapolis
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