2420 Seabury Avenue, Minneapolis, MN 55406
- Added:
- May 1, 2026
- Days on Market:
- 67
- Last Refresh:
- Jul 6 at 1:06 am
Property Features for 2420 Seabury Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 3, Basement, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 6, Bathroom 4
- Parking features
- Driveway, Garage - Detached
- Exterior features
- Brick/Stone
- Standard status
- Pending
- APN
- 3102923240130
- Size
- 3,862 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 14687
Utilities
- Heating system
- Oil, Radiant
Building Details
- Year built
- 1925
- Roof type
- Shingle
Listing agent Kari M Lundin (612) 998-8959
Listing office Keller Williams Realty Integrity 7401 Metro Blvd No. 350 Edina, Edina, MN (952) 938-6100
Listing date May 1, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Located on a quiet street in Minneapolis’ Seward neighborhood, the property sits directly in the Mississippi River corridor. It is steps from the area’s bike and walking path, placing outdoor access close at hand while keeping the setting removed from city noise. The address is 2420 Seabury Avenue, Minneapolis, MN 55406, with convenient proximity to downtown Minneapolis and the University of Minnesota.
This configuration is well-suited for owner-occupants and buyers looking for income property versatility, given the separation of two identical unit layouts and modernized in-unit amenities. The combination of central air, in-unit laundry, and four-season sunroom space can support a broad range of tenant lifestyles while preserving the appeal of a classic Minneapolis brick duplex.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.5k | $19.80 |
| − Vacancy | −$5.0k | −$1.29 |
| EGI | $71.5k | $18.51 |
| − OpEx | −$21.4k | −$5.55 |
| NOI | $50.0k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.220151
- Latitude
- 44.958491
