2221 W 82nd Street, Minneapolis, MN 55431

New Listing
$668,999
Property Type: Multi-Family Bedrooms: 8 Baths: 2 Square Footage: 3,314 Lot Size (sq. ft.): 18,295 Status: Active
Current Price: $668,999 List Date: 5/20/2026 Last Modified: 5/20/2026

Overview

Description

Great investment opportunity with a proven 30-year rental history! Ideally located next to Southtown Shopping Mall and surrounded by numerous shops, restaurants, and everyday conveniences, this property offers strong appeal for both tenants and owner-occupants alike. This well-maintained and move-in ready property offers comfort, functionality, and inviting indoor-outdoor living. Step inside to a bright entryway with durable wood-look flooring and natural light that sets the tone for the rest of the home. The spacious kitchen features rich wood cabinetry, granite countertops, a double-basin undermount sinks and ample storage—perfect for everyday living and entertaining. The main living areas offer neutral tones and comfortable finishes, including plush carpeting and large windows that bring in abundant natural light. A sliding glass door opens to a private concrete patio and beautifully maintained backyard, creating a seamless flow for gatherings, grilling, or simply relaxing outdoor ...

Listing Details MLS# 7077830

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront Present
No
Year Built
1971
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
2112
Above Ground SqFt
2112
Below Grd Total SqFt
1202
Total SqFt
3314
Foundation Size
2112
Style
(MF) Duplex Side X Side
Total Finished Sqft
2112.00
Garage Stalls
4
Lot Dimensions
145x125
Acres
0.42
Assessment Pending
No

Property Features

Accessible: None Basement: Concrete Block; Egress Windows; Full Construction Materials: Block Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Vinyl Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Internet Options: Cable Laundry: Electric Dryer Hookup; Laundry Room; Lower Level Lock Box Type: Combo Parking Characteristics: Garage Door Opener Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Unit 1 Amenities: Countertops-Solid Surface; Deck; Kitchen Window; Washer/Dryer Hookup Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Bath Description: 3/4 Basement; Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Eat In Kitchen Unit 1 Family Room Characteristics: Family Room; Lower Level Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
668999
ListPrice
668999
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2221
Street Direction Prefix
W
Street Name
82nd
Street Suffix
Street
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55431
Complex/Dev/Subdivision
Reservoir Park 1st Add

Assessments

Tax With Assessments
7414
Assessment Balance
0

Building Information

Finished SqFt Above Ground
910
Finished SqFt Below Ground
1202

More Information

Income and Expenses

Annual Gross Expenses
12833
Annual Gross Income
55968
Annual Insurance Expense
2383
Annual Net Income
43153
Total Annual Expenses
12833
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Maintenance Expense
0
Annual Repair Expense
0
Annual Trash Expense
0
Annual Water/Sewer Expense
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
24x20
Garage Door Height
7
Garage Door Width
16
Garage Square Feet
480
Garage Door Opener
Yes

Public Survey Info

Range#
24
Section#
04
Township#
27

Unit 1

Furnished?
No
Leased?
No
Unit Number
Yes
3/4 Baths
Yes
Annual Rent
55968
Finished SqFt
3314
Full Baths
Yes
Monthly Expense
3424
Monthly Rent
4664
No. of Units Like This
Yes
Oth Parking Spaces
2
Total Baths
2
Total Bedrooms
8
Total Rooms
15

Unit Details

Total Units
2

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
LOT 001 BLOCK 001 RESERVOIR PARK 1ST ADDN
Listing City
Bloomington
Map Page
134
Municipality
Bloomington
School District
Bloomington
School District Phone
952-681-6400
Zip Plus 4
1306
Property ID Number
0402724230005
Tax Year
2026
Tax Amount
7414
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Great investment opportunity with a proven 30-year rental history! Ideally located next to Southtown Shopping Mall and surrounded by numerous shops, restaurants, and everyday conveniences, this property offers strong appeal for both tenants and owner-occupants alike. This well-maintained and move-in ready property offers comfort, functionality, and inviting indoor-outdoor living. Step inside to a bright entryway with durable wood-look flooring and natural light that sets the tone for the rest of the home. The spacious kitchen features rich wood cabinetry, granite countertops, a double-basin undermount sinks and ample storage—perfect for everyday living and entertaining. The main living areas offer neutral tones and comfortable finishes, including plush carpeting and large windows that bring in abundant natural light. A sliding glass door opens to a private concrete patio and beautifully maintained backyard, creating a seamless flow for gatherings, grilling, or simply relaxing outdoors. Mature trees and a generous lawn provide shade and privacy, making the backyard a true retreat. The bedrooms are bright and inviting, with peaceful views and stylish touches. The full bathroom includes a large vanity with great counter space, updated lighting, and a tub/shower combination. With its thoughtful layout, warm finishes, and tranquil outdoor space, this home offers the perfect balance of comfort and convenience Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this well-maintained property in a prime location checks all the boxes.
Directions
494 to Penn Ave S to 82nd St W

Accessible

None
Yes

Basement

Concrete Block
Yes
Egress Windows
Yes
Full
Yes

Construction Materials

Block
Yes

Construction Status

Previously Owned
Yes

Electric

Circuit Breakers
Yes

Exterior

Vinyl
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Internet Options

Cable
Yes

Laundry

Electric Dryer Hookup
Yes
Laundry Room
Yes
Lower Level
Yes

Lock Box Type

Combo
Yes

Patio, Porch and Deck Features

Deck
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water/Connected
Yes

No. of Ranges

Two
Yes

No. of Refrigerators

Two
Yes

Unit 1 Amenities

Countertops-Solid Surface
Yes
Deck
Yes
Kitchen Window
Yes
Washer/Dryer Hookup
Yes

Unit 1 Appliances

Dishwasher
Yes
Range
Yes
Refrigerator
Yes

Unit 1 Bath Description

3/4 Basement
Yes
Main Floor Full Bath
Yes

Unit 1 Cooling

Central
Yes

Unit 1 Dining Room Description

Eat In Kitchen
Yes

Unit 1 Family Room Characteristics

Family Room
Yes
Lower Level
Yes
IDX
Listing Office: Excelsior Realty
Last Updated: May - 20 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.