$ 276,000
-
$276,000
Price -
6
Bed -
2
Bath -
2,678
SqFt -
0.18
Acre
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About the Listing 300056 - 502036876
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.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Boiler,Radiator,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2678
- Basement: Partial,Unfinished
- Other:
- Water: City Water/Connected
Exterior Details
- Lot Description: Tree Coverage - Light,Chain Link
- Garage Capacity: N/A
- Lot Dimensions: 60 x 127
- Zoning: Residential-Multi-Family
- Roof: Age Over 8 Years,Asphalt,Pitched
- Others:
- Sewer: City Sewer/Connected
- Parking Features: On-Street Parking Only
Financial Details
- Tax Amount: $926
- Taxes w/Assessments: N/A
- Tax/Property ID: 0202824120105
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
3010 15th Ave S Minneapolis, MN 55407
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