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$565,000

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 8 Total Beds
  • 1 Car Garage
  • Updated 6 days ago
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Rare Cash-Flow Opportunity with 3.375% Assumable Financing option! This updated side-by-side duplex in SE Minneapolis has been refreshed and is ready for your portfolio. Both units feature renovated kitchens, updated finishes, and fresh paint throughout. Unit 1040: Currently leased through August, 2026 at $1,900/mo. Unit 1042: Vacant and move-in ready (prior rent $2,400/mo). Upside exists for an owner-occupant looking to house-hack or an investor seeking stable, high-yield returns near the U of M. Showings: 1042 (vacant) available for first showings; 1040 (occupied) available for second showings. Updates: Asphalt roof replaced (2023), flat roof replaced (2024), new decking (2024), 1040 side new furnace (2025), 1040 side new water heater (2025), 1042 side new furnace (2021), 1042 side new water heater (2021), 1040 side new washer/dryer (2024).

Full Property Details for 1040 13th Ave SE

General

  • Price: $565,000
  • Taxes: $8,806 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6722031
  • Updated: 2/14/2026
  • Added to Site: 7 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Exterior

  • Porch/Patio/Deck: Deck, Patio

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Driveway - Other Surface

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Elwells 2nd Add
  • Neighborhood: 14
  • Driving Directions: Exit I-35W N to E Hennepin Ave and turn right. Turn right onto 13th Ave SE and property will be on lefthand side.

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Basement Desc.: Block
  • Foundation Size: 1556
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 3,220
  • Above Ground: 2,221 Sq. Ft.
  • Below Ground: 999 Sq. Ft.
  • Year Built: 1979

Unit Information

  • Units w/Refrigerators: 2

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Dimensions: 70 x 132
  • Frontage: City Street
  • Lot Description: Medium Tree Coverage

Financial Considerations

  • Tax Amount: $8,806
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash

Disclosures and Reports

  • Legal Description: BLOCK 010 ELWELLS 2ND ADDN TO MPLS LOT 26 AND THE S 30 FT OF LOT 27
  • Property ID: 2402924120152

Listed by Pemberton RE

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— 1040 13th Ave SE —

  • Pemberton RE

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1040 13th Ave SE

School District:Minneapolis Public School District
NameGradesDistance
Pillsbury Elementary School
2250 Northeast Garfield Street, Minneapolis, MN 55418
PK-51.5 mi
Northeast Middle School
2955 Hayes Street Northeast, Minneapolis, MN 55418
6-82.2 mi
Edison Senior High School
700 22nd Avenue Northeast, Minneapolis, MN 55418
9-121.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1040 13th Ave SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/13/2026
Listed
$565,000
2.73%
MLS
3/31/2022
Sold
$550,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1040 13th Ave SE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,806
22%
$529,000
-2%
2023
$7,198
15%
$542,000
14%
2023
$6,250
—
$475,000
—
2023
$6,250
-19%
$473,000
9%
2020
$7,698
5%
$435,500
10%
2019
$7,332
18%
$396,000
17%
2018
$6,207
-2%
$338,500
12%
2017
$6,358
8%
$303,000
—
2016
$5,860
-5%
$303,000
—
2015
$6,149
-7%
$303,000
—
2014
$6,618
-1%
$303,000
—
2013
$6,655
—
$303,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Pemberton RE

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1040 13th Avenue SE, Minneapolis, MN 55414 (MLS# 6722031) is a Multi-Family property with 2 units containing 8 bedrooms and 0 full bathrooms. 1040 13th Avenue SE is currently listed for $565,000 and was received on February 13, 2026. Want to learn more about 1040 13th Avenue SE? Do you have questions about finding other Multi-Family real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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