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$450,000 Contingent

  • For Sale
  • Contingent
  • Duplex
  • 5 Beds
  • 2 Total Baths
  • 1,988 Sq. Ft.
  • Updated 6 days ago
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Well-maintained side-by-side duplex in a convenient South Minneapolis location, an excellent opportunity for investors seeking steady rental income. Both units are currently rented, featuring hardwood floors and bright kitchens with large windows that bring in great natural light. The property includes a spacious 3-bedroom unit renting for $1,800/month and a 2-bedroom unit renting for $1,700/month, with tenants responsible for their own gas and electric, helping keep owner expenses lower. It is ideally located near neighborhood parks, restaurants, coffee shops, and everyday shopping. Enjoy easy access to Minneapolis' renowned park and trail system and nearby lakes. Commuters will appreciate quick access to I-35W and convenient connections to downtown Minneapolis. A solid investment opportunity in a vibrant and well-connected area of the city. Unit on the Right is on a month to month and willing to vacate for an owner occupancy.

Full Property Details for 4001 5th Ave S

General

  • Price: $450,000
  • Taxes: $6,496 (2026)
  • Status: Contingent
  • Type: Duplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7033843
  • Updated: 3/27/2026
  • Added to Site: 15 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Shared Amenities: None

Parking

  • Parking Features: Concrete, Open

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Portland Park Add
  • Neighborhood: 6
  • Driving Directions: Use your GPS device, or phone to navigate to location. Otherwise, take interstate 35W to 35th/36th Street. Go East to Portland. South to 40th. West to home.

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, Daylight/Lookout Windows, Full, Single Tenant Access
  • Foundation Size: 1988
  • Disability Access: None
  • Square Feet: 1,988
  • Above Ground: 1,988 Sq. Ft.
  • Finished Down/Base.: 1,988 Sq. Ft.
  • Year Built: 1959

Unit Information

  • Units w/Refrigerators: 2

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Dimensions: 41.10 x 122.10
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights
  • Zoning: Residential-Multi-Family
  • Lot Description: Public Transit (w/in 6 blks), Corner Lot, Light Tree Coverage

Financial Considerations

  • Tax Amount: $6,496.38
  • Tax Year: 2026
  • Terms: Conventional, VA, FHA, Cash, Other
  • Owner Pays: Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water
  • Tenant Pays: Electricity, Fuel
  • Pays Electric: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 028 BLOCK 001 PORTLAND PARK ADDN TO MPLS
  • Property ID: 1002824140030

Listed by RE/MAX Results

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Schools serving 4001 5th Ave S

School District:Minneapolis Public School District
NameGradesDistance
Barton Open Elementary School
4237 Colfax Avenue South, Minneapolis, MN 55409
K-51.2 mi
Justice Page Middle School
1 West 49th Street, Minneapolis, MN 55419
6-81.3 mi
Washburn Senior High School
201 West 49th Street, Minneapolis, MN 55419
9-121.4 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 4001 5th Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/18/2026
Listed
$450,000
36.36%
MLS
2/09/2023
Sold
$330,000
—
Public Record
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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 4001 5th Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,962
-10%
$294,000
-4%
2023
$6,618
12%
$307,000
-5%
2023
$5,887
—
$322,000
14%
2023
$5,887
-52%
$282,000
10%
2020
$12,220
2%
$255,500
8%
2019
$11,996
151%
$236,500
15%
2018
$4,784
8%
$205,500
9%
2017
$4,443
16%
$188,500
3%
2016
$3,818
-1%
$183,000
15%
2015
$3,839
-3%
$159,000
15%
2014
$3,961
13%
$138,500
-5%
2013
$3,501
—
$146,000
—
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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4001 5th Avenue S, Minneapolis, MN 55409 (MLS# 7033843) is a Duplex property with 5 bedrooms and 0 full bathrooms. 4001 5th Avenue S is currently listed for $450,000 and was received on March 18, 2026. Want to learn more about 4001 5th Avenue S? 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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