1040 13th Avenue SE, Minneapolis, MN 55414

$550,000
8
BD
4
BA
3,220
SqFt
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List Price
$550,000
Price Change
▼ $15,000 1776904382
MLS#
6722031
Status
INSPECTION
Type
Multifamily
Style
(MF) Duplex Side X Side
Bedrooms
8
Bathrooms
4
Living Area
3,220
Acres
0.21
Subdivision
Elwells 2nd Add
Neighborhood
14
Year Built
1979
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(612) 743-7279

Property Description

Rare Cash-Flow Opportunity with 3.375% Assumable Financing option! This updated side-by-side duplex in SE Minneapolis has been refreshed and is ready for your portfolio. Both units feature renovated kitchens, updated finishes, and fresh paint throughout. Unit 1040: Currently leased through August, 2026 at $1,900/mo. Unit 1042: Vacant and move-in ready (prior rent $2,400/mo). Upside exists for an owner-occupant looking to house-hack or an investor seeking stable, high-yield returns near the U of M. Showings: 1042 (vacant) available for first showings; 1040 (occupied) available for second showings. Updates: Asphalt roof replaced (2023), flat roof replaced (2024), new decking (2024), 1040 side new furnace (2025), 1040 side new water heater (2025), 1042 side new furnace (2021), 1042 side new water heater (2021), 1040 side new washer/dryer (2024).

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Additional Information

School District
Minneapolis
Tax Year
2025
Fuel
Natural Gas
Lot Description
Tree Coverage - Medium
Sewer
City Sewer/Connected
Roof
Asphalt
Heating
Forced Air
Water
City Water/Connected
Basement
Block
Parking
Driveway - Other Surface
Garage Spaces
1
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Listing courtesy of Pemberton RE.

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