21 Malcolm Avenue SE, Minneapolis, MN 55414

$589,900
Property Type: Multi-Family Bedrooms: 6 Baths: 6 Square Footage: 5,842 Lot Size (sq. ft.): 17,424 Status: Active
Current Price: $589,900 List Date: 4/16/2026 Last Modified: 5/06/2026

Overview

Description

Own of of Prospect Park's legacy properties - where the possibilities are endless! Right now the building has 3 active units, but in the past has been as many as 5 separate units. Zoned for Apartments, it would be easily possible to get a few of the kitchens back in and turn this back into a huge money making property! Incredible lot for the area, there is even increased value add down the line as this property will be key to any future development in the area. Currently the main floor and 1/2 of the upper floor make a grand apartment for an owner occupant filled with charming woodwork, hardwood floors, decorated ceilings & details thru out. 3 baths and 3BRs in this unit with a grand hall entrance. 2nd floor has a 1 bedroom apartment with continued charm and woodwork galore. The 3rd floor is a fantastic 2BR utilitarian apartment that is easy to maintain and rent to students. Basement is dry with high ceilings and could be turned into another living space if desired. Right now there is a recently updated bath, wine cellar and storage lockers for the tenants. 3 car garage and large yard. Stunning wrap around porch. Perfect for an owner occupant or could be great for an investors as well. Well maintained, but due to memory issues of the current seller, property will be sold as-is.

Listing Details MLS# 7050238

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
Yes
Waterfront Present
No
Year Built
1888
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1925
Above Ground SqFt
4127
Below Grd Total SqFt
1715
Total SqFt
5842
Foundation Size
1715
Style
(MF) Apartment
Total Finished Sqft
4127.00
Power Company
Xcel Energy
Garage Stalls
3
Lot Dimensions
111x150
Acres
0.4
Assessment Pending
No

Property Features

Accessible: None Assumable Loan: Not Assumable Basement: Shared Access; Storage Space; Storage/Locker Construction Materials: Brick Construction Status: Previously Owned Electric: 200+ Amp Service; Circuit Breakers Existing Financing: Free and Clear Exterior: Wood Foundation: Combination Fuel: Natural Gas Heating: Hot Water Laundry: In Basement; In Unit Lot Description: Corner Lot; Public Transit (w/in 6 blks); Tree Coverage - Light Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Architectural Shingle Sellers Terms: Cash; Conventional Sewer: City Sewer - In Street Unit 1 Amenities: Built-In Bookcases; Center Hall Plan; Countertops-Solid Surface; Custom Cabinetry; Historic/Period Millwork; Special Millwork; Ceiling Fan(s); French Doors; Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Paneled Doors; Porch; Primary Bedroom Walk-in Closet Unit 1 Appliances: Double Oven; Stainless Steel Appliances; Dishwasher; Disposal; Microwave; Range; Refrigerator Unit 1 Bath Description: Main Floor 3/4 Bath; Main Floor Full Bath; Upper Level 3/4 Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Separate/Formal Dining Rm Unit 1 Family Room Characteristics: Family Room; Main Level Unit 1 Fireplace Char: Decorative; Family Room; Living Room Unit 1 Special Search: Main Floor Bedroom; All Living Fac. on One Level; Main Floor Laundry; Main Floor Primary Unit 2 Amenities: Historic/Period Millwork; Deck; Hardwood Floors; Natural Woodwork Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Living/Dining Room Unit 3 Amenities: Deck; Panoramic View Unit 3 Appliances: Range; Refrigerator Unit 3 Bath Description: Upper Level 3/4 Bath Unit 3 Cooling: Window Unit 3 Dining Room Description: Eat In Kitchen Water: City Water/Connected

Contract Information

Contingency
Inspection
Original List Price
589900
ListPrice
589900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
21
Street Name
Malcolm
Street Suffix
Avenue
Street Direction Suffix
SE
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55414
Complex/Dev/Subdivision
Eustis Park

Assessments

Tax With Assessments
10090
Assessment Balance
0

Building Information

Finished SqFt Above Ground
4127

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
38x18
Garage Square Feet
684

Public Survey Info

Range#
23
Section#
30
Township#
29

Unit 1

Furnished?
No
Leased?
No
Level
Main Level
Unit Number
Yes
# of Fireplaces
2
3/4 Baths
3
Finished SqFt
2240
Full Baths
Yes
No. of Units Like This
Yes
Total Baths
4
Total Bedrooms
3
Total Rooms
14

Unit 2

Furnished?
No
Leased?
No
Level
2nd Level
Unit Number
2
Finished SqFt
511
Full Baths
Yes
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit 3

Furnished?
No
Leased?
No
Level
3rd Level
Unit Number
3
3/4 Baths
Yes
Finished SqFt
823
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit Details

Total Units
3

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
BLOCK 003 EUSTIS PARK LOTS 3 AND 4
Listing City
Minneapolis
Map Page
107
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
3338
Property ID Number
3002923140015
Tax Year
2026
Tax Amount
10090
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Own of of Prospect Park's legacy properties - where the possibilities are endless! Right now the building has 3 active units, but in the past has been as many as 5 separate units. Zoned for Apartments, it would be easily possible to get a few of the kitchens back in and turn this back into a huge money making property! Incredible lot for the area, there is even increased value add down the line as this property will be key to any future development in the area. Currently the main floor and 1/2 of the upper floor make a grand apartment for an owner occupant filled with charming woodwork, hardwood floors, decorated ceilings & details thru out. 3 baths and 3BRs in this unit with a grand hall entrance. 2nd floor has a 1 bedroom apartment with continued charm and woodwork galore. The 3rd floor is a fantastic 2BR utilitarian apartment that is easy to maintain and rent to students. Basement is dry with high ceilings and could be turned into another living space if desired. Right now there is a recently updated bath, wine cellar and storage lockers for the tenants. 3 car garage and large yard. Stunning wrap around porch. Perfect for an owner occupant or could be great for an investors as well. Well maintained, but due to memory issues of the current seller, property will be sold as-is.
Directions
University to Bedford (N) to 4th Street to Home - corner of Malcolm & 4th

Accessible

None
Yes

Assumable Loan

Not Assumable
Yes

Basement

Shared Access
Yes
Storage Space
Yes
Storage/Locker
Yes

Construction Materials

Brick
Yes

Construction Status

Previously Owned
Yes

Electric

200+ Amp Service
Yes
Circuit Breakers
Yes

Existing Financing

Free and Clear
Yes

Exterior

Wood
Yes

Foundation

Combination
Yes

Fuel

Natural Gas
Yes

Heating

Hot Water
Yes

Laundry

In Basement
Yes
In Unit
Yes

Lot Description

Corner Lot
Yes
Public Transit (w/in 6 blks)
Yes
Tree Coverage - Light
Yes

Patio, Porch and Deck Features

Front Porch
Yes
Porch
Yes
Wrap Around
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Architectural Shingle
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

City Sewer - In Street
Yes

Water

City Water/Connected
Yes

Income and Expenses

Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Gross Expenses
0
Annual Gross Income
0
Annual Insurance Expense
0
Annual Maintenance Expense
0
Annual Repair Expense
0
Annual Trash Expense
0
Annual Water/Sewer Expense
0
Total Annual Expenses
0

No. of Ranges

Three
Yes

No. of Refrigerators

Three
Yes

Unit 1 Amenities

Built-In Bookcases
Yes
Center Hall Plan
Yes
Countertops-Solid Surface
Yes
Custom Cabinetry
Yes
Historic/Period Millwork
Yes
Special Millwork
Yes
Ceiling Fan(s)
Yes
French Doors
Yes
Hardwood Floors
Yes
Kitchen Window
Yes
Main Floor Primary Bedroom
Yes
Natural Woodwork
Yes
Paneled Doors
Yes
Porch
Yes
Primary Bedroom Walk-in Closet
Yes

Unit 1 Appliances

Double Oven
Yes
Stainless Steel Appliances
Yes
Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes

Unit 1 Bath Description

Main Floor 3/4 Bath
Yes
Main Floor Full Bath
Yes
Upper Level 3/4 Bath
Yes

Unit 1 Cooling

Window
Yes

Unit 1 Dining Room Description

Separate/Formal Dining Rm
Yes

Unit 1 Family Room Characteristics

Family Room
Yes
Main Level
Yes

Unit 1 Fireplace Char

Decorative
Yes
Family Room
Yes
Living Room
Yes

Unit 1 Special Search

Main Floor Bedroom
Yes
All Living Fac. on One Level
Yes
Main Floor Laundry
Yes
Main Floor Primary
Yes

Unit 2 Amenities

Historic/Period Millwork
Yes
Deck
Yes
Hardwood Floors
Yes
Natural Woodwork
Yes

Unit 2 Bath Description

Upper Level Full Bath
Yes

Unit 2 Cooling

Window
Yes

Unit 2 Dining Room Description

Living/Dining Room
Yes

Unit 3 Amenities

Deck
Yes
Panoramic View
Yes

Unit 3 Appliances

Range
Yes
Refrigerator
Yes

Unit 3 Bath Description

Upper Level 3/4 Bath
Yes

Unit 3 Cooling

Window
Yes

Unit 3 Dining Room Description

Eat In Kitchen
Yes
Listing Office: RE/MAX Results
IDX
Last Updated: May - 06 - 2026
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