Income-Producing Triplex - Fully rented triplex offering immediate cash flow. Featuring two spacious 2-bedroom units and one 1-bedroom unit, this property is an excellent choice for a first-time investor, an owner-occupant looking to offset living expenses with rental income, or an experienced investor seeking a quality property for a 1031 exchange. The property includes separate utilities, as well as off-street parking for tenants, and onsite laundry. A bonus third-floor studio provides endless possibilities and would make an ideal artist's studio, home office, creative space, or additional living area.
Active
$449,900
2444 1st Ave S, Minneapolis, MN 55404
5beds
3baths
3,009sqft
Triplex
Built in 1909
-- sqft lot
$452,200 Zestimate®
$150/sqft
$-- HOA
What's special
Off-street parking for tenantsBonus third-floor studioOnsite laundry
- 18 days
- 401
- 22
Zillow last checked:
Listing updated:
Listed by:
Karen L Reid 952-451-2418,
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7126666
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Baseboard, Boiler
Appliances
- Laundry: In Basement
Features
- Basement: Full
Interior area
- Total structure area: 3,006
- Total interior livable area: 3,009 sqft
- Finished area above ground: 2,504
- Finished area below ground: 505
Video & virtual tour
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: More Than 2 Stories
- Patio & porch: Front Porch
- Fencing: Wood
Lot
- Size: 6,098 Square Feet
- Dimensions: 49 x 126
- Features: Tree Coverage - Light
Details
- Foundation area: 1242
- Parcel number: 3402924130046
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Other
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1909
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Cochrans Add
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $150/sqft
- Tax assessed value: $472,000
- Annual tax amount: $9,040
- Date on market: 8/13/2026
- Cumulative days on market: 103 days
- Tenant pays: Electricity, Fuel, Gas, Heat
Estimated market value
$452,200
$430,000 - $475,000
$2,241/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $449,900-9.1%$150/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7126666 Report a problem | ||
| 8/13/2026 | Listing removed | $495,000$165/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7076411 Report a problem | ||
| 6/30/2026 | Price change | $495,000-3.9%$165/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7076411 Report a problem | ||
| 5/20/2026 | Listed for sale | $515,000+32.1%$171/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7076411 Report a problem | ||
| 11/6/2024 | Listing removed | $1,500 |
Source: Zillow Rentals Report a problem | ||
| 10/16/2024 | Listed for rent | $1,500 |
Source: Zillow Rentals Report a problem | ||
| 6/20/2002 | Sold | $390,000$130/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,040 +41.6% | $472,000 +1.5% |
| 2024 | $6,383 -32.4% | $465,000 -4.9% |
| 2023 | $9,446 +16.1% | $489,000 +2.1% |
| 2022 | $8,138 +4% | $479,000 |
| 2021 | $7,826 -0.2% | $479,000 |
| 2020 | $7,839 +0.2% | $479,000 +8% |
| 2019 | $7,826 -0.2% | $443,500 +10% |
| 2018 | $7,839 +17.8% | $403,000 +11% |
| 2017 | $6,657 +20.4% | $363,000 +6.5% |
| 2016 | $5,528 +3.6% | $341,000 +20.1% |
| 2015 | $5,334 +16.6% | $284,000 +7.8% |
| 2014 | $4,574 +6.4% | $263,500 +4.8% |
| 2013 | $4,297 -5.4% | $251,500 -6.9% |
| 2012 | $4,540 -29.9% | $270,000 -15% |
| 2011 | $6,474 +3.2% | $317,500 -9.9% |
| 2010 | $6,272 -8.7% | $352,500 -6.5% |
| 2009 | $6,871 +0.2% | $377,000 -4.1% |
| 2006 | $6,857 +9% | $393,000 +15% |
| 2005 | $6,288 +7% | $341,800 +15% |
| 2004 | $5,878 +90% | $297,300 +93.2% |
| 2002 | $3,094 -35.6% | $153,900 |
| 2001 | $4,808 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Whittier
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