2840 28th Avenue S, Minneapolis, MN 55406

New Listing
$400,000
Property Type: Multi-Family Bedrooms: 3 Baths: 2 Square Footage: 1,920 Lot Size (sq. ft.): 7,405 Status: Coming Soon
Current Price: $400,000 List Date: 4/02/2026 Last Modified: 4/08/2026

Overview

Description

Well-maintained duplex in a prime South Minneapolis location with strong rental income and major updates already completed. The main floor unit offers 2 bedrooms, 1 bathroom, living room, dining room, kitchen, and walkout access to a deck/patio. The upper unit features 1 bedroom, 1 bathroom, living room, dining room, and kitchen. The shared basement includes laundry, storage, and utilities, and the property also offers a shared 2-car garage and large fenced backyard. Numerous recent improvements provide peace of mind, including new roof (2024), new chimney (2024), two new boilers (2022), updated electrical (2022), two new water heaters with exhaust system (2022), new garage door (2026), shared laundry with 1 washer (new 2022) and 2 dryers (one new 2022), and new backyard fence (2022). Both units are currently tenant occupied, offering immediate income: $1,495/month for the main unit (lease through October 2026) and $1,200/month for the upper unit (lease through March 2027). Conveniently located near the METRO Blue Line, the Midtown Greenway, neighborhood parks, shopping, restaurants, and schools including Universal Academy Charter School and Hiawatha Collegiate High School. Great opportunity for investors or owner-occupants looking for a well-located duplex in Minneapolis.

Listing Details MLS# 7033772

General Property Information

Lot Measurement
Square Feet
Multiple PIDs?
No
Owner Occupied
No
Waterfront Present
No
Year Built
1906
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
860
Above Ground SqFt
1920
Total SqFt
1920
Foundation Size
860
Lot Size SqFt
7405
Style
(MF) Duplex Up and Down
Total Finished Sqft
1920.00
Garage Stalls
2
Lot Dimensions
157x48
Assessment Pending
No
Below Grd Total SqFt
0

Property Features

Accessible: None Amenities Shared: None Assumable Loan: Not Assumable Basement: Concrete Block; Owner Access; Poured Concrete; Shared Access; Storage Space Construction Status: Previously Owned Existing Financing: VA Exterior: Fiber Board Foundation: Stone Fuel: Natural Gas Heating: Boiler Laundry: In Basement Lock Box Type: Supra Owner Pays: Repairs; Trash Collection; Water Parking Characteristics: Shared Garage/Stall; Driveway - Shared Rental License Type: Standard Roof: Age 8 Years or Less; Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Heat; Lawn; Snow Removal Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
400000
ListPrice
400000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2840
Street Name
28th
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55406
Complex/Dev/Subdivision
South Side Add

Assessments

Tax With Assessments
5194
Assessment Balance
0

Building Information

Finished SqFt Above Ground
1920

More Information

Income and Expenses

Annual Gross Expenses
2616
Annual Gross Income
32340
Annual Insurance Expense
2294
Annual Trash Expense
960
Annual Water/Sewer Expense
1200
Total Annual Expenses
2616
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Maintenance Expense
0
Annual Repair Expense
0

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
SPAAR
Supra
Yes

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
320
Shared Garage/Stall
Yes
Driveway - Shared
Yes

Public Survey Info

Range#
24
Section#
36
Township#
29

Unit 1

Furnished?
No
Lease Expiration Date
2026-10-31
Leased?
Yes
Level
Main Level
Unit Number
Yes
Annual Rent
17940
Finished SqFt
1074
Full Baths
Yes
Monthly Expense
209
Monthly Rent
1495
No. of Units Like This
Yes
Oth Parking Spaces
2
Total Baths
Yes
Total Bedrooms
2
Total Rooms
7

Unit 2

Furnished?
No
Lease Expiration Date
2027-03-31
Leased?
Yes
Unit Number
2
Annual Rent
14400
Finished SqFt
879
Full Baths
Yes
Monthly Expense
209
Monthly Rent
1200
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
5

Unit Details

Total Units
2

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
LOT 011 BLOCK 018 SOUTH SIDE ADDN TO MPLS
Listing City
Minneapolis
Map Page
107
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Property ID Number
3602924440179
Tax Year
2026
Tax Amount
5194
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Well-maintained duplex in a prime South Minneapolis location with strong rental income and major updates already completed. The main floor unit offers 2 bedrooms, 1 bathroom, living room, dining room, kitchen, and walkout access to a deck/patio. The upper unit features 1 bedroom, 1 bathroom, living room, dining room, and kitchen. The shared basement includes laundry, storage, and utilities, and the property also offers a shared 2-car garage and large fenced backyard. Numerous recent improvements provide peace of mind, including new roof (2024), new chimney (2024), two new boilers (2022), updated electrical (2022), two new water heaters with exhaust system (2022), new garage door (2026), shared laundry with 1 washer (new 2022) and 2 dryers (one new 2022), and new backyard fence (2022). Both units are currently tenant occupied, offering immediate income: $1,495/month for the main unit (lease through October 2026) and $1,200/month for the upper unit (lease through March 2027). Conveniently located near the METRO Blue Line, the Midtown Greenway, neighborhood parks, shopping, restaurants, and schools including Universal Academy Charter School and Hiawatha Collegiate High School. Great opportunity for investors or owner-occupants looking for a well-located duplex in Minneapolis.
Directions
From Hwy 55 southbound from downtown. Left on Lake St. Left on 28th Avenue S. Property is on the left hand side.

Accessible

None
Yes

Amenities Shared

None
Yes

Assumable Loan

Not Assumable
Yes

Basement

Concrete Block
Yes
Owner Access
Yes
Poured Concrete
Yes
Shared Access
Yes
Storage Space
Yes

Construction Status

Previously Owned
Yes

Existing Financing

VA
Yes

Exterior

Fiber Board
Yes

Foundation

Stone
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes

Laundry

In Basement
Yes

Owner Pays

Repairs
Yes
Trash Collection
Yes
Water
Yes

Rental License Type

Standard
Yes

Roof

Age 8 Years or Less
Yes
Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Tenant Pays

Electricity
Yes
Heat
Yes
Lawn
Yes
Snow Removal
Yes
Listing Office: Edina Realty, Inc.
IDX
Last Updated: April - 08 - 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.