SHOWINGS START OCT 24TH. This charming up/down duplex in North Minneapolis is a prime investment opportunity with a strong rental history and a Tier 1 rental license. It's also a great option for an owner-occupant, allowing you to live in one unit while the tenant helps pay toward your investment.
Upgrades include roof and exterior paint in 2024 and both boilers estimated 10-12 years old. Additional features include stainless steel appliances, original hardwood floors, and built-in hutches which provide additional charm and functional storage.
Each unit has separate electric and boiler systems, while the owner covers trash, water, and sewer. The coin-operated laundry in the basement offers additional income potential. This property generated $1,575 per month for the main level and $1,500 per month for the upper unit, totaling $3,075 in rental income. With consistent cash flow, modern updates, timeless character, and a top-tier rental license, this duplex is a fantastic opportunity for investors or owner-occupants alike.
Closed
$257,500
1639 Russell Ave N, Minneapolis, MN 55411
4beds
2baths
2,288sqft
Multi Family
Built in 1925
-- sqft lot
$258,700 Zestimate®
$113/sqft
$1,951 Estimated rent
Home value
$258,700
$238,000 - $279,000
$1,951/mo
Zestimate® history
Owner options
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$1,951/mo
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$1,951/mo
Rent Zestimate®
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$1,629/mo
Est. payment
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$1,629/mo
Est. payment
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Original hardwood floorsBuilt-in hutchesStainless steel appliancesRoof and exterior paint
Zillow last checked:
Listing updated:
Listed by:
Kristy Burau 952-215-8779,
Coldwell Banker Realty
Bought with:
Shannon Haynes
Bridge Realty, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6690850
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Boiler, Hot Water
Appliances
- Laundry: In Basement, Common Area, Coin-op Laundry Owned
Features
- Basement: Full,Unfinished
Interior area
- Total structure area: 2,288
- Total interior livable area: 2,288 sqft
- Finished area above ground: 2,288
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, Open
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 5,227 Square Feet
Details
- Foundation area: 1144
- Parcel number: 1702924410090
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Age Over 8 Years,Asphalt
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Eastlawn Add
HOA
- Amenities included: Coin-op Laundry Owned
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $113/sqft
- Tax assessed value: $293,100
- Annual tax amount: $4,317
- Date on market: 10/8/2025
- Cumulative days on market: 94 days
- Tenant pays: Electricity, Fuel, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 11/24/2025 | Sold | $257,500-2.8%$113/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6690850 Report a problem | ||
| 10/8/2025 | Listed for sale | $264,900-7%$116/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6690850 Report a problem | ||
| 5/20/2025 | Listing removed | $284,900$125/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6690850 Report a problem | ||
| 4/15/2025 | Price change | $284,900-1.7%$125/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6690850 Report a problem | ||
| 4/9/2025 | Price change | $289,900-3.3%$127/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6690850 Report a problem | ||
| 4/4/2025 | Listed for sale | $299,900+12.7%$131/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6690850 Report a problem | ||
| 12/8/2021 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #5736715 Report a problem | ||
| 5/24/2021 | Sold | $266,000+21%$116/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5736715 Report a problem | ||
| 4/12/2021 | Pending sale | $219,900$96/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5736715 Report a problem | ||
| 4/7/2021 | Listed for sale | $219,900+158.7%$96/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5736715 Report a problem | ||
| 1/29/2015 | Sold | $85,000-10.4%$37/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #2245230 Report a problem | ||
| 11/16/2014 | Price change | $94,900-9.5%$41/sqft |
Source: RE/MAX Preferred #4538559 Report a problem | ||
| 10/21/2014 | Listed for sale | $104,900-53.4%$46/sqft |
Source: Re/Max Preferred #4538559 Report a problem | ||
| 3/13/2014 | Sold | $224,937+50%$98/sqft |
Source: Public Record Report a problem | ||
| 6/18/2002 | Sold | $150,000+172.7%$66/sqft |
Source: Public Record Report a problem | ||
| 12/6/1999 | Sold | $55,000-44.4%$24/sqft |
Source: Public Record Report a problem | ||
| 4/10/1997 | Sold | $99,000$43/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,992 +15.6% | $293,100 +6.6% |
| 2024 | $4,318 -0.7% | $275,000 +1.5% |
| 2023 | $4,349 +34.6% | $271,000 |
| 2022 | $3,232 +24.6% | $271,000 +41.9% |
| 2021 | $2,595 +3.5% | $191,000 +19.7% |
| 2020 | $2,507 -3.4% | $159,500 +11.9% |
| 2019 | $2,595 +3.5% | $142,500 +14.9% |
| 2018 | $2,507 +32.3% | $124,000 +27.2% |
| 2017 | $1,895 -2.6% | $97,500 +2.6% |
| 2016 | $1,946 -5.8% | $95,000 -5% |
| 2015 | $2,065 -7.8% | $100,000 |
| 2014 | $2,240 -2.4% | $100,000 -5.2% |
| 2013 | $2,295 -7.2% | $105,500 -9.8% |
| 2012 | $2,473 -6.8% | $117,000 -11% |
| 2011 | $2,653 +3.1% | $131,500 -9.9% |
| 2010 | $2,574 -27.2% | $146,000 -26.6% |
| 2009 | $3,538 +64.3% | $198,900 +58.9% |
| 2006 | $2,154 +81.1% | $125,200 +25.5% |
| 2005 | $1,189 +23.4% | $99,800 +25.5% |
| 2004 | $964 +21.9% | $79,500 +20.6% |
| 2002 | $790 -69.5% | $65,900 |
| 2001 | $2,594 | -- |
Find assessor info on the county website
Neighborhood: Willard Hay
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Nearby schools
GreatSchools rating
- 2/10Bryn Mawr Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 1/10Anwatin Middle Com & Spanish D IGrades: 6-8Distance: 1.5 mi
- 3/10North Academy Senior HighGrades: 9-12Distance: 0.5 mi
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Estimated market value
$258,700
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Estimated market value
$258,700
- Minnesota
- Hennepin County
- Minneapolis
- 55411
- Willard Hay
- 1639 Russell Ave N
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