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$375,000

  • For Sale
  • Active
  • Duplex
  • 2 Beds
  • 2 Total Baths
  • 1,450 Sq. Ft.
  • 2 Car Garage
  • Updated 2 days ago
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Classic So Minneapolis double bungalow situated nicely just down the street from Hiawatha Lake, park & golf course...plus access to miles of walking/biking trails. Also, just down the street from Northern Coffeeworks coffee shop, A Bakers Wife Bakery, Busters Pub & Grill, a neighborhood supermarket & gift shop. 1BR /1BA units. Whether you're looking for an owner occupant home with built-in income or an excellent investment opportunity, this charming duplex & neighborhood will be a great fit! Stucco exterior with arched entry to front porch. Private back yard with small patio & storage shed. Inside 4240 unit (currently vacant for selling purposes) you'll find HW floors, Natural WW, cove molding & piano windows in LR/DR. Updated kitchen with natural wood cabinets, SS appliances & new counter top. Updated bath with tile shower surround, pedestal sink & wainscoting. Quiet BR tucked at the back. Back hall acts as entry/mud room with storage closet. 2nd unit rented at $850 (low for market). Each unit has its own private/lockable basement with laundry & storage. Mechanically strong with newer furnaces/AC units (approx. 8 years), newer roof (approx. 2 yrs), 100 amp electric, vinyl windows, glass block windows in basement. 2 car gar w/GDO's plus concrete driveway. Nice...come check it out!

Full Property Details for 4240 28th Ave S

General

  • Price: $375,000
  • Taxes: $6,325 (2025)
  • Status: Active
  • Type: Duplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7037588
  • Updated: 4/12/2026
  • Added to Site: 7 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Gas Dryer Hookup, Lower Level, Sink, Washer Hookup, Gas Dryer Hookup, Lower Level, Sink, Washer Hookup

Parking

  • Garage: Yes
  • Garage Description: 20 x 20
  • Garage Spaces: 2
  • Parking Features: Detached Garage, Garage Door Opener

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Rice Lake Terrace Add
  • Neighborhood: 73
  • Driving Directions: Minnehaha Ave to 42nd Street, West to 28th Ave, left to home.  OR - Cedar Ave to 42nd Street, East to 28th Ave, right to home.  OR - Hwy 62 to 28th Ave exit, North 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, Single Tenant Access, Storage Space, Unfinished
  • Foundation Size: 1450
  • Roof: Age 8 Years or Less, Architectural Shingle
  • Disability Access: None
  • Square Feet: 1,450
  • Above Ground: 1,450 Sq. Ft.
  • Below Ground: 1,450 Sq. Ft.
  • Finished Down/Base.: 2,900 Sq. Ft.
  • Year Built: 1929

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 40 x 126

Financial Considerations

  • Tax Amount: $6,325
  • Tax Year: 2025
  • Owner Pays: Insurance, Repairs, Sewer, Trash Collection, Water
  • Tenant Pays: Electricity, Gas
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 011 BLOCK 001 RICE LAKE TERRACE ADDN TO MPLS
  • Property ID: 1202824420082
Buyer's Brokerage Compensation: 2.5%
Not binding unless confirmed by separate agreement among applicable parties.

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— 4240 28th Ave S —

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Schools serving 4240 28th Ave S

School District:Minneapolis Public School District
NameGradesDistance
Northrop Elementary School
4315 South 31st Avenue, Minneapolis, MN 55406
K-50.3 mi
Sanford Middle School
3524 42nd Avenue South, Minneapolis, MN 55406
6-81.3 mi
Roosevelt High School - Sws
4029 South 28th Avenue, Minneapolis, MN 55406
9-120.3 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 4240 28th Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/12/2026
Listed
$375,000
217.8%
MLS
11/28/2008
Sold
$118,000
—
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 4240 28th Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,325
9%
$348,000
-5%
2023
$5,827
3%
$365,000
4%
2023
$5,644
—
$351,000
14%
2023
$5,644
53%
$307,000
22%
2020
$3,681
2%
$252,155
6%
2019
$3,592
9%
$238,530
18%
2018
$3,283
10%
$202,560
14%
2017
$2,975
6%
$176,945
11%
2016
$2,804
12%
$160,050
19%
2015
$2,513
-27%
$134,435
-9%
2014
$3,456
4%
$148,500
-2%
2013
$3,327
—
$152,000
—
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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4240 28th Avenue S, Minneapolis, MN 55406 (MLS# 7037588) is a Duplex property with 2 bedrooms and 0 full bathrooms. 4240 28th Avenue S is currently listed for $375,000 and was received on April 07, 2026. This property is listed by Aaron Ritchie from our Southwest Regional Office.Want to learn more about 4240 28th 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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