4025 42nd Avenue S, Minneapolis, MN 55406 (MLS# 7016605)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1929
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1288
Above Ground SqFt: 1288
Below Grd Total SqFt: 1288
Total SqFt: 2576
Foundation Size: 1288
Style: (MF) Duplex Side X Side
Total Finished Sqft: 1288.00
Garage Stalls: 2
Lot Dimensions: 40 x 126
Acres: 0.12
Assessment Pending: Unknown
# Carport Spaces: 0

Property Features

Accessible: None Amenities Shared: Common Laundry Facility Assumable Loan: Not Assumable Basement: Concrete Block; Full; Shared Access; Storage Space; Unfinished Construction Materials: Block Construction Status: Previously Owned Electric: Circuit Breakers Existing Financing: Free and Clear Exterior: Stucco Fencing: None Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Laundry: Common Area; Lower Level; Sink Lot Description: Tree Coverage - Light Owner Pays: Gas; Sewer; Trash Collection; Water Pool Description: None Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: One Tenant Pays: Electricity Topography: Level Unit 1 Amenities: Ceiling Fan(s); Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Paneled Doors Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: None Unit 1 Dining Room Description: Living/Dining Room Unit 1 Special Search: Main Floor Primary Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 410000
ListPrice: 365000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 4025
Street Name: 42nd
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55406
Complex/Dev/Subdivision: L D Richardsons Add

Assessments

Tax With Assessments: 6201
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1288

More Information

Income and Expenses

Annual Fuel Expense: 1800
Annual Gross Income: 28800
Annual Water/Sewer Expense: 1800
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Gross Expenses: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 20 x 20
Garage Square Feet: 400

Public Survey Info

Range#: 23
Section#: 07
Township#: 28

Unit 1

Furnished?: No
Leased?: No
Unit Number: Yes
Annual Rent: 14400
Finished SqFt: 625
Full Baths: Yes
Monthly Rent: 1200
No. of Units Like This: 2
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 024 BLOCK 004 L D RICHARDSONS ADDN TO MPLS
Listing City: Minneapolis
Map Page: 121
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1907
Property ID Number: 0702823140114
Tax Year: 2025
Tax Amount: 6201
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Investor alert: Turnkey duplex with proven rental performance and multiple avenues to increase cash flow. Two clean 1BD/1BA units, plus a spacious unfinished lower level—perfect for storage income or future expansion. 2-car garage offers optional rent add-on. Both units are currently vacant, giving you full control over rent resets and tenant selection. High-demand Hiawatha neighborhood supports strong long-term appreciation.
Directions: Travel north from 46th St on 42nd Ave to home.

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes

Assumable Loan

Not Assumable: Yes

Basement

Concrete Block: Yes
Full: Yes
Shared Access: Yes
Storage Space: Yes
Unfinished: Yes

Construction Materials

Block: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Existing Financing

Free and Clear: Yes

Exterior

Stucco: Yes

Fencing

None: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Laundry

Common Area: Yes
Lower Level: Yes
Sink: Yes

Lot Description

Tree Coverage - Light: Yes

Owner Pays

Gas: Yes
Sewer: Yes
Trash Collection: Yes
Water: 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
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Topography

Level: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Electricity: Yes

Unit 1 Amenities

Ceiling Fan(s): Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes
Paneled Doors: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

None: Yes

Unit 1 Dining Room Description

Living/Dining Room: Yes

Unit 1 Special Search

Main Floor Primary: Yes