1639 Russell Avenue N, Minneapolis, MN 55411

Local realty services provided by:ERA Gillespie Real Estate
1639 Russell Avenue N,Minneapolis, MN 55411
$264,900
  • - Beds
  • - Baths
  • 2,288 sq. ft.
  • Multi-family
  • Active
Listed by:kristy burau
Office:coldwell banker realty
MLS#:6690850
Source:NSMLS

Price summary

  • Price:$264,900
  • Price per sq. ft.:$115.78

About this home

SHOWINGS START OCT 24TH. This charming up/down duplex in North Minneapolis is a prime investment opportunity with a strong rental history and a Tier 1 rental license. It's also a great option for an owner-occupant, allowing you to live in one unit while the tenant helps pay toward your investment. Upgrades include roof and exterior paint in 2024 and both boilers estimated 10-12 years old. Additional features include stainless steel appliances, original hardwood floors, and built-in hutches which provide additional charm and functional storage. Each unit has separate electric and boiler systems, while the owner covers trash, water, and sewer. The coin-operated laundry in the basement offers additional income potential. This property generated $1,575 per month for the main level and $1,500 per month for the upper unit, totaling $3,075 in rental income. With consistent cash flow, modern updates, timeless character, and a top-tier rental license, this duplex is a fantastic opportunity

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Home facts

  • Year built:1925
  • Listing ID #:6690850
  • Added:224 day(s) ago
  • Updated:November 04, 2025 at 07:46 AM

Rooms and interior

  • Living area:2,288 sq. ft.

Heating and cooling

  • Heating:Boiler, Hot Water

Structure and exterior

  • Roof:Age Over 8 Years, Asphalt
  • Year built:1925
  • Building area:2,288 sq. ft.
  • Lot area:0.12 Acres

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$264,900
  • Price per sq. ft.:$115.78
  • Tax amount:$4,318 (2024)
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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