2050 W Broadway Avenue, Minneapolis, MN 55411

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1904
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1242
Above Ground SqFt: 3259
Below Grd Total SqFt: 1242
Total SqFt: 4501
Foundation Size: 1242
Style: (MF) Triplex
Total Finished Sqft: 3259.00
Lot Dimensions: 45x125x45x125
Acres: 0.13
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: Common Laundry Facility; Porch Assumable Loan: Not Assumable Basement: Unfinished Construction Status: Previously Owned Electric: Circuit Breakers Existing Financing: FHA Exterior: Block; Concrete Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Internet Options: Cable Laundry: In Basement Lock Box Type: Supra Lot Description: Tree Coverage - Light Owner Pays: None Pool Description: None Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Tenant Pays: All Utilities Unit 1 Amenities: Cable; Porch Unit 1 Appliances: Dishwasher; Microwave; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Living/Dining Room Unit 2 Amenities: Cable; Porch Unit 2 Appliances: Dishwasher; Microwave; Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Central Unit 2 Dining Room Description: Living/Dining Room Unit 3 Amenities: Cable; Porch Unit 3 Appliances: Microwave; Range; Refrigerator Unit 3 Bath Description: Upper Level Full Bath Unit 3 Cooling: Central Unit 3 Dining Room Description: Living/Dining Room Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 509900
ListPrice: 509900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2050
Street Direction Prefix: W
Street Name: Broadway
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55411
Complex/Dev/Subdivision: Forest Heights

Assessments

Assessment Balance: 5424
Tax With Assessments: 15747

Building Information

Finished SqFt Above Ground: 3259

More Information

Income and Expenses

Annual Gross Income: 62868
Annual Net Income: 62868
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: MAAR
Supra: Yes

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 16
Township#: 29

Unit 1

Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 21948
Finished SqFt: 1242
Full Baths: Yes
Monthly Rent: 1829
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 6

Unit 2

Furnished?: No
Lease Expiration Date: 2027-05-31
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 21960
Finished SqFt: 1242
Full Baths: Yes
Monthly Rent: 1830
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 6

Unit 3

Furnished?: No
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: 3rd Level
Unit Number: 3
Annual Rent: 18948
Finished SqFt: 775
Full Baths: Yes
Monthly Rent: 1579
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit Details

Total Units: 3

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 034 BLOCK 020 FOREST HEIGHTS EX ST
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Property ID Number: 1602924220171
Tax Year: 2026
Tax Amount: 10323
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Fully renovated (in 2021) Triplex in the heart of Broadway & Penn. Located in the vibrant Broadway & Penn corridor, this rebuilt triplex (Interior)) offers a rare opportunity to own a turnkey investment property surrounded by ongoing neighborhood revitalization and new development. This property has been fully gutted and rebuilt from the ground up (Interior). Major improvements include all new electrical, plumbing, ductwork, HVAC systems, water heaters, framing, insulation, drywall, leveled floors, windows, kitchens, bathrooms, finish carpentry, doors, and central air conditioning. Each unit features: Private front and rear entrances, separate utilities, individual HVAC systems for independent comfort and efficiency. The building includes three furnaces, three water heaters, and three central air units, making management simple and utility separation clean for owner-occupants or investors. Additional amenities include a shared basement with: Common laundry area and dedicated storage space for tenants. Whether you’re looking to house hack, expand your portfolio, or secure a fully renovated (Interior 2021) income property in an improving area, this triplex delivers modern systems, low maintenance, and strong long-term potential. Home is fully occupied and total rents are $5,239 per month.
Directions: Just east of Penn Ave N, on the north side of West Broadway Ave.

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes
Porch: Yes

Assumable Loan

Not Assumable: Yes

Basement

Unfinished: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Existing Financing

FHA: Yes

Exterior

Block: Yes
Concrete: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Internet Options

Cable: Yes

Laundry

In Basement: Yes

Lot Description

Tree Coverage - Light: Yes

Owner Pays

None: Yes

Patio, Porch and Deck Features

Front Porch: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

Three: Yes

No. of Refrigerators

Three: Yes

Tenant Pays

All Utilities: Yes

Unit 1 Amenities

Cable: Yes
Porch: Yes

Unit 1 Appliances

Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Dining Room Description

Living/Dining Room: Yes

Unit 2 Amenities

Cable: Yes
Porch: Yes

Unit 2 Appliances

Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Upper Level Full Bath: Yes

Unit 2 Cooling

Central: Yes

Unit 2 Dining Room Description

Living/Dining Room: Yes

Unit 3 Amenities

Cable: Yes
Porch: Yes

Unit 3 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Bath Description

Upper Level Full Bath: Yes

Unit 3 Cooling

Central: Yes

Unit 3 Dining Room Description

Living/Dining Room: Yes