Don't miss this charming triplex in a prime location! This is a standout investment opportunity with gross annual rents near $75,000, a solid rental history, and recently remodeled units that offer modern comforts and stylish finishes. Located just steps away from a vibrant dining scene, local breweries, parks, and all the excitement downtown has to offer, it's an ideal choice for both experienced investors and those looking to start their real estate portfolio. Additionally, this property presents an exciting future redevelopment opportunity, allowing you to explore creative development ideas and maximize your investment potential.
Closed
$732,000
728 2nd Ave SE, Minneapolis, MN 55414
10beds
4baths
3,898sqft
Triplex
Built in 1900
-- sqft lot
$753,400 Zestimate®
$188/sqft
$1,694 Estimated rent
Home value
$753,400
$716,000 - $791,000
$1,694/mo
Zestimate® history
Owner options
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$1,694/mo
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$4,641/mo
Est. payment
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$4,641/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Forrest Kalk 763-706-7901,
Keller Williams Integrity Realty
Bought with:
Robert S McEachren
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6442443
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
Heating
- Forced Air
Appliances
- Laundry: Laundry Closet, In Unit
Features
- Basement: Storage Space,Unfinished
Interior area
- Total structure area: 3,898
- Total interior livable area: 3,898 sqft
- Finished area above ground: 3,898
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Assigned, Asphalt, Paved Lot, Open
- Carport spaces: 6
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 7,405 Square Feet
- Dimensions: 133 x 55
- Features: Corner Lot
Details
- Foundation area: 2001
- Parcel number: 2302924110087
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Roof: Age 8 Years or Less,Asphalt
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected, City Sewer - In Street
- Water: City Water/Connected, City Water - In Street
Community & HOA
Community
- Subdivision: Mill Cos Add To St Anthony Falls
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $188/sqft
- Tax assessed value: $614,100
- Annual tax amount: $8,269
- Date on market: 10/2/2023
- Cumulative days on market: 19 days
- Tenant pays: Electricity, Fuel
Price history
| Date | Event | Price |
|---|---|---|
| 12/13/2023 | Sold | $732,000-2.4%$188/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6442443 Report a problem | ||
| 10/25/2023 | Pending sale | $750,000$192/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6442443 Report a problem | ||
| 10/6/2023 | Listed for sale | $750,000+236.9%$192/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6442443 Report a problem | ||
| 10/21/2017 | Listing removed | $1,900 |
Source: Renters Warehouse Report a problem | ||
| 10/1/2017 | Price change | $1,900-20.8% |
Source: Renters Warehouse Report a problem | ||
| 9/1/2017 | Price change | $2,400-7.7%$1/sqft |
Source: Renters Warehouse Report a problem | ||
| 8/23/2017 | Listed for rent | $2,600-3.7%$1/sqft |
Source: Renters Warehouse Report a problem | ||
| 6/30/2016 | Listing removed | $2,700+390.9%$1/sqft |
Source: RentFeeder Report a problem | ||
| 2/27/2015 | Listing removed | $550 |
Source: Zillow Rental Network Report a problem | ||
| 2/21/2015 | Price change | $550-4.3% |
Source: Zillow Rental Network Report a problem | ||
| 10/26/2014 | Listed for rent | $575+4.5% |
Source: Zillow Rental Network Report a problem | ||
| 8/12/2014 | Listing removed | $550 |
Source: Uloop Report a problem | ||
| 8/9/2014 | Listed for rent | $550 |
Source: Uloop Report a problem | ||
| 1/17/2014 | Sold | $222,600+790.4%$57/sqft |
Source: Public Record Report a problem | ||
| 12/8/2013 | Price change | $25,000-94.4%$6/sqft |
Source: Auction.com Report a problem | ||
| 12/5/2013 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 8/6/2012 | Sold | $450,413+153.2%$116/sqft |
Source: Public Record Report a problem | ||
| 11/30/2007 | Sold | $177,900-56.8%$46/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1683301 Report a problem | ||
| 1/11/2005 | Sold | $412,000+37.3%$106/sqft |
Source: Public Record Report a problem | ||
| 1/23/2004 | Sold | $300,000$77/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,413 +14.7% | $614,100 +1.5% |
| 2024 | $8,206 -0.8% | $605,000 |
| 2023 | $8,270 -10% | $605,000 |
| 2022 | $9,188 +3.5% | $605,000 -1.8% |
| 2021 | $8,881 +5.2% | $616,000 |
| 2020 | $8,440 -5% | $616,000 +12% |
| 2019 | $8,881 +5.2% | $550,000 +10% |
| 2018 | $8,440 +16.9% | $500,000 +21.5% |
| 2017 | $7,219 +14% | $411,500 +8% |
| 2016 | $6,333 +5.2% | $381,000 +1.9% |
| 2015 | $6,020 -5.7% | $374,000 +15.1% |
| 2014 | $6,382 -2.1% | $325,000 |
| 2013 | $6,518 +6.9% | $325,000 -5% |
| 2012 | $6,094 +0.5% | $342,000 -6.3% |
| 2011 | $6,066 +34.2% | $365,000 +43.7% |
| 2010 | $4,520 -6.1% | $254,000 -5% |
| 2009 | $4,813 -24.4% | $267,500 -26.7% |
| 2006 | $6,368 -8.2% | $365,000 +4.3% |
| 2005 | $6,939 +0.3% | $350,000 |
| 2004 | $6,921 +154.7% | $350,000 +208.4% |
| 2002 | $2,717 -60.5% | $113,500 |
| 2001 | $6,879 | -- |
Find assessor info on the county website
Neighborhood: Marcy Holmes
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Nearby schools
GreatSchools rating
- 2/10Webster ElementaryGrades: PK-5Distance: 0.4 mi
- 2/10Northeast Middle SchoolGrades: 6-8Distance: 2.2 mi
- 4/10Edison Senior High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$753,400
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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
$753,400
- Minnesota
- Hennepin County
- Minneapolis
- 55414
- Marcy Holmes
- 728 2nd Ave SE
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