Charming 1910-built 4-plex, owned for 14 years, is the perfect investment opportunity. Each of the four 1-bedroom, 1-bathroom units boasts hardwood floors, an open-concept living and dining area, and timeless character. Located just minutes from downtown Minneapolis with easy highway access, residents will love being close to lakes, trails, shops, restaurants, and cafes. The property features a newer roof (less than 8 years old), a 2-stall garage, and three additional parking spaces, offering potential for extra income. Four storage units, two currently rented out, further enhance income potential. With leases set to renew (three expiring in October and one in December), this property has a proven history of always being rented. Priced competitively for a quick sale, don’t miss out on this investment opportunity!
Closed
$355,500
2929 2nd Ave S, Minneapolis, MN 55408
4beds
4baths
2,992sqft
Quadruplex
Built in 1910
-- sqft lot
$402,400 Zestimate®
$119/sqft
$2,081 Estimated rent
Home value
$402,400
$366,000 - $439,000
$2,081/mo
Zestimate® history
Owner options
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$2,081/mo
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$2,081/mo
Rent Zestimate®
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$2,233/mo
Est. payment
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$2,233/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Carissa Kemnitz 913-710-0092,
Coldwell Banker Realty
Bought with:
Ryan Walseth - TAYLRD Real Estate
Keller Williams Realty Integrity Lakes
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6603537
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Boiler
Appliances
- Laundry: In Basement, Common Area, Gas Dryer Hookup, Coin-op Laundry Owned
Features
- Basement: Egress Window(s),Concrete,Unfinished
Interior area
- Total structure area: 2,992
- Total interior livable area: 2,992 sqft
- Finished area above ground: 2,992
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Asphalt, More Parking Offsite for Fee
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Covered, Deck, Front Porch
- Fencing: Chain Link,Partial,Wood
Lot
- Size: 5,227 sqft
- Dimensions: 42 x 126
- Features: Tree Coverage - Medium
- Topography: Level
Details
- Foundation area: 945
- Parcel number: 3402924430018
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Foundation: Stone
- Roof: Rolled/Hot Mop,Flat
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minneapolis
- Subdivision: Boulevard Add
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2024 | Sold | $355,500-6.4%$119/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6603537 Report a problem | ||
| 10/7/2024 | Pending sale | $380,000$127/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6603537 Report a problem | ||
| 9/20/2024 | Listed for sale | $380,000+40.7%$127/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6603537 Report a problem | ||
| 3/18/2016 | Sold | $270,164+135.1%$90/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4657965 Report a problem | ||
| 8/13/1999 | Sold | $114,900$38/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,373 +0.8% | $408,000 +6.3% |
| 2024 | $7,312 -1.1% | $384,000 -3% |
| 2023 | $7,391 -0.9% | $396,000 -4.9% |
| 2022 | $7,461 +9.8% | $416,400 +0.1% |
| 2021 | $6,796 -14% | $416,000 |
| 2020 | $7,898 +16.2% | $416,000 +5.1% |
| 2019 | $6,796 -14% | $396,000 +18% |
| 2018 | $7,898 +56.6% | $335,500 +36.7% |
| 2017 | $5,043 +9.6% | $245,500 +6.7% |
| 2016 | $4,602 +3.5% | $230,000 +7.2% |
| 2015 | $4,447 +2.2% | $214,500 +15% |
| 2014 | $4,352 +6.3% | $186,500 |
| 2013 | $4,095 -7.4% | $186,500 -9.9% |
| 2012 | $4,425 -5.6% | $207,000 -10% |
| 2011 | $4,689 -1.7% | $230,000 -14.2% |
| 2010 | $4,769 -1.1% | $268,000 |
| 2009 | $4,822 -2.1% | $268,000 -5.1% |
| 2006 | $4,928 -4% | $282,500 +1.3% |
| 2005 | $5,133 +8.1% | $279,000 +20% |
| 2004 | $4,748 +32.5% | $232,500 +29.9% |
| 2002 | $3,584 -43.5% | $179,000 |
| 2001 | $6,339 | -- |
Find assessor info on the county website
Neighborhood: Phillips West
Nearby schools
GreatSchools rating
- 2/10Whittier InternationalGrades: PK-5Distance: 0.6 mi
- NAAndersen CommunityGrades: PK-8Distance: 0.8 mi
- 6/10South Senior High SchoolGrades: 9-12Distance: 1.5 mi
Get a cash offer in 3 minutes
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Estimated market value
$402,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$402,400
- Minnesota
- Hennepin County
- Minneapolis
- 55408
- Phillips West
- 2929 2nd Ave S
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