3010 15th Avenue S, Minneapolis, MN 55407
Local realty services provided by:ERA Gillespie Real Estate
3010 15th Avenue S,Minneapolis, MN 55407
$280,000
- 6 Beds
- 2 Baths
- 2,678 sq. ft.
- Multi-family
- Active
Listed by: john stiles
Office: peritus real estate
MLS#:7035408
Source:NSMLS
Price summary
- Price:$280,000
- Price per sq. ft.:$104.56
About this home
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....
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Home facts
- Year built:1900
- Listing ID #:7035408
- Added:55 day(s) ago
- Updated:May 15, 2026 at 12:43 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Basement:Yes
- Basement Description:Partial, Unfinished
- Living area:2,678 sq. ft.
Heating and cooling
- Heating:Boiler
Structure and exterior
- Roof:Age Over 8 Years, Asphalt, Pitched
- Year built:1900
- Building area:2,678 sq. ft.
- Lot area:0.18 Acres
- Lot Features:Tree Coverage - Light
- Levels:2 Story
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$280,000
- Price per sq. ft.:$104.56
- Tax amount:$926 (2026)
Parking
- Parking description:On-Street Parking Only
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