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$475,000 Just Listed

  • For Sale
  • Active
  • Duplex
  • 4 Beds
  • 2 Total Baths
  • 2,160 Sq. Ft.
  • 2 Car Garage
  • Updated 19 hours ago
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Well-maintained classic brick duplex in the heart of NE Minneapolis - one of the city's most sought-after neighborhoods. Live in one unit and collect rent from the other, or lease both and let the property work for you. Original craftsmanship shines throughout: 10-foot ceilings, hardwood floors, and generous layouts that give each unit real breathing room. Both units offer 2 bedrooms and 1 full bath, with plenty of updates already done. Utilities are fully split - separate furnaces and water heaters for each unit - keeping operations clean and expenses easy to manage. The upper unit adds a private balcony. The basement provides solid storage and shared laundry access. Out back, a large detached garage handles parking and overflow storage, with additional off-street parking on top of that. Steps from NE Minneapolis's best - local restaurants, bars, breweries, and independent shops. One lease runs through the end of June, giving a new owner flexibility to move in or reset rents at market. Many recent updates include furnaces, water heaters, and updated electrical panels in each unit. Lower unit features an updated granite countertop and a complete bath remodel. Wood floors have been restained and have been polished every 2-3 years. Added insulation in the attic. Updated railing and waterproofing on second floor deck/balcony. Move-in ready. Income-producing from day one. Hard to find at this location. Schedule a showing today!

Full Property Details for 1123 5th St NE

General

  • Price: $475,000
  • Taxes: $8,124 (2026)
  • Status: Active
  • Type: Duplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7073225
  • Updated: 5/28/2026
  • Added to Site: 4 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: In Basement, In Basement

Additional Information

  • Shared Amenities: Porch

Exterior

  • Porch/Patio/Deck: Porch, Side Porch

Parking

  • Garage: Yes
  • Garage Description: 21 x 21
  • Garage Spaces: 2
  • Parking Features: Detached Garage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Neighborhood: 68
  • Driving Directions: 94 to Broadway, East on Broadway to 5th St NE, go North (left) on 5th to property

School Information

  • School District: 1 - 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

  • Exterior Const.: Concrete
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Foundation Size: 1037
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 2,160
  • Above Ground: 2,106 Sq. Ft.
  • Below Ground: 1,037 Sq. Ft.
  • Finished Down/Base.: 3,143 Sq. Ft.
  • Year Built: 1905

Unit Information

  • Units w/Refrigerators: 2

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Dimensions: 40 x 138
  • Frontage: City Street
  • Zoning: Residential-Multi-Family
  • Lot Description: Public Transit (w/in 6 blks)

Financial Considerations

  • Tax Amount: $8,124.94
  • Tax Year: 2026
  • Owner Pays: Exterior Maintenance, Fuel, Gas, Heat, Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
  • Tenant Pays: Electricity
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays
  • Pays Heat: Owner Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 024 RYDBERGS SUBD OF BLK 2 CUTTERS ADDN
  • Property ID: 1402924240189

Listed by eXp Realty

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— 1123 5th St NE —

  • eXp Realty

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Schools serving 1123 5th St NE

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 mi
Edison Senior High School
700 22nd Avenue Northeast, Minneapolis, MN 55418
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1123 5th St NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/28/2026
Listed
$475,000
84.72%
MLS
8/05/2015
Sold
$257,150
—
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 1123 5th St NE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,007
15%
$439,000
1%
2023
$6,942
-3%
$434,000
-2%
2023
$7,165
—
$445,000
17%
2023
$7,165
50%
$381,000
16%
2020
$4,765
10%
$327,910
14%
2019
$4,331
12%
$288,670
13%
2018
$3,876
6%
$256,515
9%
2017
$3,660
-17%
$235,805
3%
2016
$4,418
10%
$228,500
15%
2015
$4,027
2%
$198,500
10%
2014
$3,942
4%
$180,500
5%
2013
$3,777
—
$172,000
—
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 eXp Realty

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1123 5th Street NE, Minneapolis, MN 55413 (MLS# 7073225) is a Duplex property with 4 bedrooms and 0 full bathrooms. 1123 5th Street NE is currently listed for $475,000 and was received on May 25, 2026. Want to learn more about 1123 5th Street NE? Do you have questions about finding other Duplex 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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