Rare Cash-Flow Opportunity with 3.375% Assumable Financing option! This updated side-by-side duplex in SE Minneapolis has been refreshed and is ready for your portfolio. Both units feature renovated kitchens, updated finishes, and fresh paint throughout.
Unit 1040: Currently leased through August, 2026 at $1,900/mo.
Unit 1042: Vacant and move-in ready (prior rent $2,400/mo).
Upside exists for an owner-occupant looking to house-hack or an investor seeking stable, high-yield returns near the U of M.
Showings: 1042 (vacant) available for first showings; 1040 (occupied) available for second showings.
Updates: Asphalt roof replaced (2023), flat roof replaced (2024), new decking (2024), 1040 side new furnace (2025), 1040 side new water heater (2025), 1042 side new furnace (2021), 1042 side new water heater (2021), 1040 side new washer/dryer (2024).
Active with contingency
Price cut: $15K (4/22)
$550,000
1040 13th Ave SE, Minneapolis, MN 55414
8beds
4baths
3,220sqft
Duplex Side by Side
Built in 1979
-- sqft lot
$543,100 Zestimate®
$171/sqft
$-- HOA
What's special
Fresh paint throughoutUpdated finishesRenovated kitchens
- 153 days |
- 479 |
- 27 |
Zillow last checked:
Listing updated:
Listed by:
Joshua Pettersen 612-670-8219,
Pemberton RE
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6722031
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Features
- Basement: Block
Interior area
- Total structure area: 3,220
- Total interior livable area: 3,220 sqft
- Finished area above ground: 2,221
- Finished area below ground: 999
Property
Parking
- Total spaces: 1
- Parking features: Driveway - Other Surface
- Garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Deck, Patio
Lot
- Size: 9,147 Square Feet
- Dimensions: 70 x 132
- Features: Tree Coverage - Medium
Details
- Foundation area: 1556
- Parcel number: 2402924120152
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Side by Side
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Electric: 150 Amp Service, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Elwells 2nd Add
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $171/sqft
- Tax assessed value: $484,700
- Annual tax amount: $8,806
- Date on market: 2/13/2026
Estimated market value
$543,100
$516,000 - $570,000
$1,796/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Price change | $550,000-2.7%$171/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6722031 Report a problem | ||
| 2/13/2026 | Listed for sale | $565,000+2.7%$175/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6722031 Report a problem | ||
| 7/30/2025 | Listing removed | $1,900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/19/2025 | Listed for rent | $1,900$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/29/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/25/2023 | Listed for rent | $1,900+245.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/31/2022 | Sold | $550,000-3.3%$171/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6112468 Report a problem | ||
| 3/7/2022 | Pending sale | $568,900$177/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6112468 Report a problem | ||
| 10/12/2021 | Listed for sale | $568,900+7.5%$177/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6112468 Report a problem | ||
| 2/23/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/14/2020 | Listing removed | $550 |
Source: Owner Report a problem | ||
| 7/14/2020 | Price change | $550-75% |
Source: Owner Report a problem | ||
| 7/12/2020 | Listed for rent | $2,200-6.4%$1/sqft |
Source: Owner Report a problem | ||
| 4/10/2020 | Listing removed | $529,000$164/sqft |
Source: Savvy Avenue, LLC #5319912 Report a problem | ||
| 3/11/2020 | Price change | $529,000-3.6%$164/sqft |
Source: Savvy Avenue, LLC #5319912 Report a problem | ||
| 10/9/2019 | Listing removed | $2,350$1/sqft |
Source: MRF Asset Management, LLC Report a problem | ||
| 10/9/2019 | Listed for sale | $549,000+17.1%$170/sqft |
Source: Savvy Avenue, LLC #5319912 Report a problem | ||
| 2/19/2019 | Listed for rent | $2,350+17.5%$1/sqft |
Source: MRF Asset Management, LLC Report a problem | ||
| 11/15/2018 | Sold | $469,000-1.3%$146/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5015221 Report a problem | ||
| 10/30/2018 | Listed for sale | $475,000$148/sqft |
Source: Better Homes and Gardens Real Estate All Seasons #5015221 Report a problem | ||
| 10/30/2018 | Pending sale | $475,000$148/sqft |
Source: Better Homes and Gardens Real Estate All Seasons #5015221 Report a problem | ||
| 10/22/2018 | Listed for sale | $475,000+20.3%$148/sqft |
Source: Better Homes and Gardens Real Estate - All Seasons #5015221 Report a problem | ||
| 7/6/2017 | Sold | $395,000-68.4%$123/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4816925 Report a problem | ||
| 4/15/2017 | Listed for sale | $1,249,000+224.4%$388/sqft |
Source: MRG Realty Partners, LLC #4816925 Report a problem | ||
| 12/11/2016 | Listing removed | $2,000+14.3%$1/sqft |
Source: Owner Report a problem | ||
| 2/22/2016 | Listing removed | $1,750$1/sqft |
Source: Owner Report a problem | ||
| 5/12/2011 | Sold | $385,000$120/sqft |
Source: Public Record Report a problem | ||
| 5/19/2010 | Sold | $385,000+92.5%$120/sqft |
Source: Public Record Report a problem | ||
| 6/16/1999 | Sold | $200,000$62/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,806 +22.3% | $484,700 -8.4% |
| 2024 | $7,198 +15.2% | $529,000 -2.4% |
| 2023 | $6,250 -22.2% | $542,000 +14.1% |
| 2022 | $8,036 +9.7% | $475,000 +0.4% |
| 2021 | $7,326 -4.8% | $473,000 +5.5% |
| 2020 | $7,698 +5.1% | $448,500 +3% |
| 2019 | $7,326 -4.8% | $435,500 +10% |
| 2018 | $7,698 +24% | $396,000 +30.7% |
| 2017 | $6,207 -2.4% | $303,000 |
| 2016 | $6,358 +8.5% | $303,000 |
| 2015 | $5,860 -4.7% | $303,000 |
| 2014 | $6,149 -7.6% | $303,000 |
| 2013 | $6,655 -2.4% | $303,000 -5% |
| 2012 | $6,819 -3.2% | $319,000 -5.1% |
| 2011 | $7,042 +12.2% | $336,000 |
| 2010 | $6,275 -15.4% | $336,000 -15% |
| 2009 | $7,416 +47.9% | $395,200 +47.4% |
| 2006 | $5,014 +9.5% | $268,200 +15% |
| 2005 | $4,580 +14.2% | $233,300 +15% |
| 2004 | $4,012 +10.1% | $202,900 +12% |
| 2002 | $3,643 -52% | $181,200 |
| 2001 | $7,590 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Southeast Como
Nearby schools
GreatSchools rating
- 2/10Pillsbury Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 2/10Northeast Middle SchoolGrades: 6-8Distance: 2.2 mi
- 4/10Edison Senior High SchoolGrades: 9-12Distance: 1.7 mi
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