4412 Portland Avenue, Minneapolis, MN 55407

New Listing
$385,000
Property Type: Multi-Family Bedrooms: 4 Baths: 2 Square Footage: 2,374 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $385,000 List Date: 4/23/2026 Last Modified: 4/27/2026

Overview

Description

Clean and well-maintained up/down duplex in a highly walkable/bikeable neighborhood, offering an excellent investment opportunity to rent both units or owner-occupy and have your mortgage offset by rental income. Each unit has its own in-unit laundry, separate gas and electric meters for split utilities, and private deck with access to the fully-fenced backyard. Improvements include two newer water heaters (2025 and 2019), new gas range in the upstairs unit (2025) and roof replaced (2016). The lower unit spans the main floor and basement, with three bedrooms total. Hardwood floors on the main level and charming updated kitchen with gas range and butcher block counters. Private interior access leads to the finished basement, which includes the third bedroom, an amusement room, and a large laundry and storage room. The upper unit has one bedroom, full bathroom, a sitting nook, in-unit laundry, brand new gas range, two window A/C units (window A/C units stay with the property), and electric baseboard heat. Both units enjoy access to their own private deck, a fully fenced backyard, and share a detached two-car garage with a large parking pad. Convenient to Nicollet Avenue's walkable corridor, home to neighborhood favorites like The Lowbrow, Driftwood, and Silverbird Coffee. Minutes from entertainment like the Parkway Theater, and grocery options like Kingfield Farmers Market at MLK Park (Sundays), Seward Co-op Friendship Store, and Lunds & Byerlys. Close to Lakes Hiawatha and Nokomis, and Minnehaha Creek, for outdoor enjoyment. Quick connections to I-35W and downtown Minneapolis.

Listing Details MLS# 7059294

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront Present
No
Year Built
1951
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
884
Above Ground SqFt
1490
Below Grd Total SqFt
884
Total SqFt
2374
Foundation Size
884
Style
(MF) Duplex Up and Down
Total Finished Sqft
1884.00
Power Company
Xcel Energy
Garage Stalls
2
Lot Dimensions
45 x 120
Acres
0.12
Assessment Pending
No

Property Features

Accessible: None Amenities Shared: None Basement: Full; Partially Finished; Single Tenant Access; Storage Space Construction Materials: Concrete Construction Status: Previously Owned Electric: 200+ Amp Service Exterior: Vinyl Fencing: Chain Link; Full Fuel: Natural Gas Heating: Baseboard; Forced Air; Space Heater Laundry: Gas Dryer Hookup; In Basement; In Hall; In Unit; Laundry Closet; Laundry Room; Sink; Upper Level; Washer Hookup Lock Box Type: Combo Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light Owner Pays: See Remarks; Sewer; Taxes; Trash Collection; Water Parking Characteristics: Garage Door Opener Pool Description: None Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: One and One Half Tenant Pays: Electricity; Gas Topography: Level Unit 1 Amenities: Deck; Hardwood Floors; Kitchen Window; Natural Woodwork; Tile Floors; Washer/Dryer Hookup Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Informal Dining Room Unit 1 Family Room Characteristics: Family Room; Lower Level Unit 1 Special Search: Main Floor Bedroom Unit 2 Amenities: Deck; Hardwood Floors; Kitchen Window; Tile Floors; Washer/Dryer Hookup Unit 2 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Eat In Kitchen Unit 2 Special Search: 2nd Floor Laundry; All Living Fac. on One Level Water: City Water/Connected

Contract Information

Contingency
Inspection
Original List Price
385000
ListPrice
385000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
4412
Street Name
Portland
Street Suffix
Avenue
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55407
Complex/Dev/Subdivision
F A Savages Portland Ave Add

Assessments

Tax With Assessments
8161.5
Assessment Balance
0

Basement

Foundation Dimensions
34 x 26
Full
Yes
Partially Finished
Yes
Single Tenant Access
Yes
Storage Space
Yes

More Information

Building Information

Finished SqFt Above Ground
1349
Finished SqFt Below Ground
535

Income and Expenses

Annual Gross Expenses
16020
Annual Gross Income
36900
Annual Insurance Expense
2600
Annual Net Income
20880
Annual Repair Expense
4000
Annual Water/Sewer Expense
2020
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Maintenance Expense
0
Annual Trash Expense
0
Misc Monthly Income
0
Misc. Annual Income
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
24 x 22
Garage Square Feet
528
Garage Door Opener
Yes

Public Survey Info

Range#
24
Section#
10
Township#
28

Unit 1

Furnished?
No
Leased?
No
Level
Multi-Level
Unit Number
Yes
Annual Rent
22560
Finished SqFt
1419
Full Baths
Yes
Monthly Rent
1880
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
3
Total Rooms
9

Unit 2

Furnished?
No
Leased?
No
Level
2nd Level
Unit Number
2
Annual Rent
14340
Finished SqFt
519
Full Baths
Yes
Monthly Rent
1195
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
5

Unit Details

Total Units
2

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
BLOCK 001 F A SAVAGES PORTLAND AVE ADDN TO MPLS LOT 4 AND S 5 FT OF LOT 3
Listing City
Minneapolis
Map Page
120
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
1460
Property ID Number
1002824440003
Tax Year
2026
Tax Amount
8161.5
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Clean and well-maintained up/down duplex in a highly walkable/bikeable neighborhood, offering an excellent investment opportunity to rent both units or owner-occupy and have your mortgage offset by rental income. Each unit has its own in-unit laundry, separate gas and electric meters for split utilities, and private deck with access to the fully-fenced backyard. Improvements include two newer water heaters (2025 and 2019), new gas range in the upstairs unit (2025) and roof replaced (2016). The lower unit spans the main floor and basement, with three bedrooms total. Hardwood floors on the main level and charming updated kitchen with gas range and butcher block counters. Private interior access leads to the finished basement, which includes the third bedroom, an amusement room, and a large laundry and storage room. The upper unit has one bedroom, full bathroom, a sitting nook, in-unit laundry, brand new gas range, two window A/C units (window A/C units stay with the property), and electric baseboard heat. Both units enjoy access to their own private deck, a fully fenced backyard, and share a detached two-car garage with a large parking pad. Convenient to Nicollet Avenue's walkable corridor, home to neighborhood favorites like The Lowbrow, Driftwood, and Silverbird Coffee. Minutes from entertainment like the Parkway Theater, and grocery options like Kingfield Farmers Market at MLK Park (Sundays), Seward Co-op Friendship Store, and Lunds & Byerlys. Close to Lakes Hiawatha and Nokomis, and Minnehaha Creek, for outdoor enjoyment. Quick connections to I-35W and downtown Minneapolis.
Directions
From 35W, take the E 36th St exit. Turn East onto E 36th St. Turn right onto Portland Avenue. Continue on Portland Avenue for 10 blocks. Home on right.

Accessible

None
Yes

Amenities Shared

None
Yes

Construction Materials

Concrete
Yes

Construction Status

Previously Owned
Yes

Electric

200+ Amp Service
Yes

Exterior

Vinyl
Yes

Fencing

Chain Link
Yes
Full
Yes

Fuel

Natural Gas
Yes

Heating

Baseboard
Yes
Forced Air
Yes
Space Heater
Yes

Laundry

Gas Dryer Hookup
Yes
In Basement
Yes
In Hall
Yes
In Unit
Yes
Laundry Closet
Yes
Laundry Room
Yes
Sink
Yes
Upper Level
Yes
Washer Hookup
Yes

Lock Box Type

Combo
Yes

Lot Description

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

Owner Pays

See Remarks
Yes
Sewer
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Patio, Porch and Deck Features

Deck
Yes

Pool Description

None
Yes

Road Frontage

City Street
Yes
Curbs
Yes
Paved Streets
Yes
Sidewalks
Yes
Storm Sewer
Yes
Street Lights
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age Over 8 Years
Yes
Asphalt Shingles
Yes
Pitched
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

City Sewer/Connected
Yes

Stories

One and One Half
Yes

Topography

Level
Yes

Water

City Water/Connected
Yes

No. of Ranges

One Per Unit
Yes

No. of Refrigerators

One Per Unit
Yes

Tenant Pays

Electricity
Yes
Gas
Yes

Unit 1 Amenities

Deck
Yes
Hardwood Floors
Yes
Kitchen Window
Yes
Natural Woodwork
Yes
Tile Floors
Yes
Washer/Dryer Hookup
Yes

Unit 1 Appliances

Dishwasher
Yes
Range
Yes
Refrigerator
Yes

Unit 1 Bath Description

Main Floor Full Bath
Yes

Unit 1 Cooling

Central
Yes

Unit 1 Dining Room Description

Informal Dining Room
Yes

Unit 1 Family Room Characteristics

Family Room
Yes
Lower Level
Yes

Unit 1 Special Search

Main Floor Bedroom
Yes

Unit 2 Amenities

Deck
Yes
Hardwood Floors
Yes
Kitchen Window
Yes
Tile Floors
Yes
Washer/Dryer Hookup
Yes

Unit 2 Appliances

Dishwasher
Yes
Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 2 Bath Description

Upper Level Full Bath
Yes

Unit 2 Cooling

Window
Yes

Unit 2 Dining Room Description

Eat In Kitchen
Yes

Unit 2 Special Search

2nd Floor Laundry
Yes
All Living Fac. on One Level
Yes
Listing Office: Keller Williams Realty Integrity
IDX
Last Updated: April - 27 - 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.