Investor alert: Turnkey duplex with proven rental performance and multiple avenues to increase cash flow. Two clean 1BD/1BA units, plus a spacious unfinished lower level—perfect for storage income or future expansion. 2-car garage offers optional rent add-on. Both units are currently vacant, giving you full control over rent resets and tenant selection. High-demand Hiawatha neighborhood supports strong long-term appreciation.
Closed
$370,000
4025 42nd Ave S, Minneapolis, MN 55406
2beds
2baths
2,576sqft
Duplex Side by Side
Built in 1929
-- sqft lot
$369,500 Zestimate®
$144/sqft
$1,884 Estimated rent
Home value
$369,500
$344,000 - $395,000
$1,884/mo
Zestimate® history
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$2,340/mo
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Spacious unfinished lower level
Zillow last checked:
Listing updated:
Listed by:
Michael P Tierney 612-385-4359,
Edina Realty, Inc.
Bought with:
Billy Pauling
Keller Williams Premier Realty Lake Minnetonka
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7016605
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Boiler
Appliances
- Laundry: Common Area, Lower Level, Sink
Features
- Basement: Block,Daylight,Full,Shared Access,Storage Space,Unfinished
Interior area
- Total structure area: 2,576
- Total interior livable area: 2,576 sqft
- Finished area above ground: 1,288
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Garage spaces: 2
- Details: Garage Dimensions (20 x 20)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Pool features: None
- Fencing: None
Lot
- Size: 5,227 Square Feet
- Dimensions: 40 x 126
- Features: Tree Coverage - Light
- Topography: Level
Details
- Foundation area: 1288
- Parcel number: 0702823140114
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Side by Side
Materials
- Block
- Roof: Age Over 8 Years,Asphalt
Condition
- New construction: No
- Year built: 1929
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: L D Richardsons Add
HOA
- Amenities included: Laundry
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $144/sqft
- Tax assessed value: $358,100
- Annual tax amount: $6,201
- Date on market: 2/4/2026
- Cumulative days on market: 146 days
- Tenant pays: Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Sold | $370,000+1.4%$144/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7016605 Report a problem | ||
| 5/7/2026 | Pending sale | $365,000$142/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7016605 Report a problem | ||
| 4/7/2026 | Price change | $365,000-6.4%$142/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7016605 Report a problem | ||
| 3/10/2026 | Price change | $390,000-4.9%$151/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7016605 Report a problem | ||
| 2/4/2026 | Listed for sale | $410,000-3.5%$159/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7016605 Report a problem | ||
| 2/4/2026 | Listing removed | $425,000$165/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6784103 Report a problem | ||
| 12/12/2025 | Listed for sale | $425,000+145.7%$165/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6784103 Report a problem | ||
| 6/30/2010 | Sold | $173,000+18.5%$67/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1693387 Report a problem | ||
| 5/29/2008 | Sold | $146,000$57/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,201 +11.7% | $358,100 +5.3% |
| 2024 | $5,551 +5.4% | $340,000 -2% |
| 2023 | $5,265 +4.3% | $347,000 +6.1% |
| 2022 | $5,046 -3.8% | $327,000 +10.1% |
| 2021 | $5,245 +3.2% | $297,000 -3.4% |
| 2020 | $5,081 -3.1% | $307,500 +12% |
| 2019 | $5,245 +3.2% | $274,500 +18.1% |
| 2018 | $5,081 +24.3% | $232,500 +22% |
| 2017 | $4,087 +6.9% | $190,500 +10.1% |
| 2016 | $3,822 +14.2% | $173,000 +9.8% |
| 2015 | $3,346 +4.7% | $157,500 +10.1% |
| 2014 | $3,196 +1.7% | $143,000 |
| 2013 | $3,141 -12.8% | $143,000 -15.1% |
| 2012 | $3,601 +4.8% | $168,500 |
| 2011 | $3,435 -2.5% | $168,500 -14.9% |
| 2010 | $3,523 +21.5% | $198,000 -5% |
| 2009 | $2,899 +34.3% | $208,500 +24.8% |
| 2006 | $2,158 +12.5% | $167,100 +15.9% |
| 2005 | $1,918 +14.9% | $144,200 +20% |
| 2004 | $1,669 +16.3% | $120,200 +14.3% |
| 2002 | $1,435 -51.1% | $105,200 |
| 2001 | $2,933 | -- |
Find assessor info on the county website
Neighborhood: Hiawatha
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Nearby schools
GreatSchools rating
- NAHiawatha Elementary SchoolGrades: K-2Distance: 0.2 mi
- 6/10Sanford Middle SchoolGrades: 6-8Distance: 0.6 mi
- NARoosevelt High School - SwsGrades: 9-12Distance: 0.9 mi
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Estimated market value
$369,500
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$369,500
- Minnesota
- Hennepin County
- Minneapolis
- 55406
- Hiawatha
- 4025 42nd Ave S
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