5409 31st Avenue S, Minneapolis, MN 55417

$225,000
Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 1,064 Lot Size (sq. ft.): 6,534 Status: Active
Current Price: $225,000 List Date: 2/28/2026 Last Modified: 4/28/2026

Overview

Description

Secure your foothold in one of Minneapolis’s most coveted neighborhoods! This sun-filled rambler offers a rare combination of immediate cash flow and long-term equity growth. Located just blocks from the scenic Lake Nokomis, this property is a turnkey addition to any portfolio or a perfect "buy now, move in later" opportunity for a future homeowner. Property is currently rented. Lease end date is 10/1/2026.

Listing Details MLS# 7024332

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Waterfront Present
No
Year Built
1924
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
Yes
Main Floor Total SqFt
532
Above Grd Total SqFt
532
Below Grd Total SqFt
532
Total SqFt
1064
Total Finished Sqft
567.00
FireplaceYN
No
Style
(SF) Single Family
Foundation Size
532
Garage Stalls
Yes
Lot Dimensions
42x149
Acres
0.15
Assessment Pending
Unknown
Number of Fireplaces
0
Bath Three Quarters
0
Bath Half
0
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Primary Bedroom Walk-In Closet Appliances: Dryer; Range; Refrigerator; Washer Basement: Full Bath Description: Full Primary Construction Status: Previously Owned Exterior: Fiber Board Fencing: Chain Link Fuel: Natural Gas Heating: Forced Air Laundry: Lower Level Lock Box Type: Supra Lot Description: Tree Coverage - Light Pool Description: None Roof: Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Special Search: Main Floor Bedroom Stories: One Water: City Water/Connected

Contract Information

Contingency
Inspection
Original List Price
225000
ListPrice
225000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
5409
Street Name
31st
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55417
Complex/Dev/Subdivision
C F E Peterson Co Nokomis Park

Assessments

Tax With Assessments
2790
Assessment Balance
0
Assessment Installment
0

Building Information

Finished SqFt Above Ground
532
Finished SqFt Below Ground
35

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
200

Public Survey Info

Range#
23
Section#
19
Township#
28

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 026 BLOCK 003 C F E PETERSON CO NOKOMIS PARK
Listing City
Minneapolis
Map Page
121
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
2030
Property ID Number
1902823220070
Tax Year
2025
Tax Amount
2790
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Secure your foothold in one of Minneapolis’s most coveted neighborhoods! This sun-filled rambler offers a rare combination of immediate cash flow and long-term equity growth. Located just blocks from the scenic Lake Nokomis, this property is a turnkey addition to any portfolio or a perfect "buy now, move in later" opportunity for a future homeowner. Property is currently rented. Lease end date is 10/1/2026.
Directions
Take 28th Ave South to 58th St East to 31st to Home

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Hardwood Floors
Yes
Kitchen Window
Yes
Main Floor Primary Bedroom
Yes
Primary Bedroom Walk-In Closet
Yes

Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Basement

Full
Yes

Bath Description

Full Primary
Yes

Construction Status

Previously Owned
Yes

Exterior

Fiber Board
Yes

Fencing

Chain Link
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Laundry

Lower Level
Yes

Lock Box Type

Supra
Yes

Lot Description

Tree Coverage - Light
Yes

Pool Description

None
Yes

Roof

Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Special Search

Main Floor Bedroom
Yes

Stories

One
Yes

Water

City Water/Connected
Yes

Room Information

First (1st) Bedroom Dimensions: 9X9 Level: Main Kitchen Dimensions: 10X8 Level: Main Living Room Dimensions: 14X13 Level: Main
Listing Office: eXp Realty
IDX
Last Updated: April - 28 - 2026
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